KABANDA CHULU, Lusaka
STANDARD Chartered says the bank will continue investing into its Zambian banking systems and digital platforms because the country is a key market for its African operations.
Visiting group chief executive officer Bill Winters said the bank is committed to invest in Zambia to make the country a powerhouse in its banking strategy.
“As such, Standard Chartered is enhancing its digital capabilities, developing new technology platforms and deploying wealth management solutions for clients in Zambia over the next few years.
“We remain fully committed to our partnership with Zambian private and public institutions, and to providing world-class products, services and banking innovation to our clients,” Mr Winters said.
He said Zambia is one of the markets which have received additional investment to enhance the bank’s capabilities.
“The SC mobile banking App, for example, demonstrates our commitment to provide smart, digital banking solutions to meet the changing needs of our valued clients,” he said.
Mr Winters said Standard Chartered will continue supporting key sectors of the economy, including mining, agriculture, telecommunications and major service industries.
“The bank continues to bring much-needed capital and innovative financing solutions to support growth, diversification and job creation.
“The US$449 million facility that Standard Chartered Bank arranged for the construction of the Kafulafuta water supply project is another key demonstration of their commitment to Zambia’s development,” he said.
Commenting on the visit, Standard Chartered bank Zambia chief executive officer Herman Kasekende said Mr Winters’ tour has affirmed that Zambia is recognised by the Standard Chartered Bank Group as a key African market.
“The recent upward revision of Zambia’s sovereign rating demonstrates early results from the sound economic policies that are in place.
“We are positive about the country’s long-term economic prospects and will continue to support our valued clients and key sectors,” he said.