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ABC Holdings Limited is the parent company of a number of sub-Saharan Africa banks operating under the BancABC brand that offer a diverse range of financial services including personal, business and corporate banking as well as asset management, stockbroking and treasury services.
Payments within Zambia can be made by way of FCY cheques, and the clearing of cheques are done at free of cost.
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The entity formed by this joint venture is called the Indo-Zambia Bank Limited,where the Zambian Government owns a 40 per cent stake, while the remaining stake is shared equally between the Indian addition,BoB also has three.
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The bank has 107 branches/offices in 24 countries (excluding India) including 61 branches/offices of the bank, 38 branches of its 8 subsidiaries and 1 representative office in Thailand.
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The Bank of Zambia (BoZ) is the Central Bank of the Republic of Zambia and derives its functions and powers from the Bank of Zambia Act, no,43 of 1996 and the Banking and Financial Services Act, Chapter 387 of the Laws of Zambia.
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