Government has no regrets on ZANACO sale
Saturday, March 12, 2011, 9:47
Government does not regret selling 49 percent shares in Zambia National Commercial Bank (ZANACO) to Rabobank. The benefit of selling the shares has seen improved delivery of service that the bank offers.
According to Finance minister Situmbeko Musokotwane, some of the benefits include the access of the bank’s services in rural areas. This is contrary to long gone experiences were civil servants trekked distances to the nearest ZANACO branch.
The bank has opened a new Branch at Government complex.
Managing Director Martyn Schouten observes that the opening of the new branch reaffirms the banks commitment of taking banking services closer to the people.
The Bank also intends to open four more branches across the country bringing the total number of branches to 61 countrywide.
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