Access Bank Zambia

The headquarters and main branch of Access Bank Zambia are located at 632 Cairo Road, in the city Lusaka, the capital city of Zambia.{{cite web |date=30 April 2018 | url=https://zambia.accessbankplc.com/locate-a-branch |title=The Branch Network of Access Bank Zambia Limited |publisher=Access Bank Zambia | author=Access Bank Zambia | archive-url=https://web.archive.org/web/20180430120412/https://zambia.accessbankplc.com/locate-a-branch |access-date=1 September 2020 | archive-date=30 April 2018 | place=Lusaka |format=Archived from the original on 30 April 2018}} The geographical coordinates of the headquarters of Access Bank Zambia are: 15°24'43.0"S, 28°16'49.0"E (Latitude:-15.411944; Longitude:28.280278).{{google maps|title=Location of the Headquarters of Access Bank Zambia, Lusaka, Zambia |access-date=1 September 2020 | url=https://www.google.com/maps/place/15%C2%B024'43.0%22S+28%C2%B016'49.0%22E/@-15.4119444,28.2780945,435m/data=!3m2!1e3!4b1!4m5!3m4!1s0x0:0x0!8m2!3d-15.4119444!4d28.2802778}}

The bank is a medium-sized retail bank, serving the needs of Zambian companies, small and medium sized enterprises and individuals. {{asof|December 2022}} Access Bank Zambia had assets valued at ZMW:5,869,391,000 (approximately US$528.24 million), with shareholders equity of ZMW:962.87 million (US$86.66 million).{{cite web |author= |date=31 December 2022 |title=2022 Q4 Financial Statement 31 December 2022 |url=https://zambia.accessbankplc.com/AccessBankGhana/media/Financial-Statements/2022-Q4-Financial-Statement.pdf |access-date=6 June 2023 |website=Access Bank Zambia Limited |publisher=Access Bank Zambia |place=Lusaka}}

The bank, which was established on 24 September 2008, is a subsidiary of Access Bank Group, an international bank that maintains headquarters in Nigeria and has subsidiaries in eight countries in Africa one country in Western Europe.{{cite web|publisher=Access Bank Zambia | url=https://zambia.accessbankplc.com/about-us/history |title=About Us: Our History | date=30 April 2018 |author=Access Bank Zambia | archive-url=https://web.archive.org/web/20180430120020/https://zambia.accessbankplc.com/about-us/history |access-date=1 September 2020 | archive-date=30 April 2018 |place=Lusaka |format=Archived from the original on 30 April 2018}}

By virtue of its shareholding, Access Bank Zambia is a member of the Access Bank Group, a financial services conglomerate, whose shares are listed on the Nigerian Stock Exchange and whose total asset valuation exceeded US$18.82 billion (NGN:7.28 trillion), as of June 2020.{{cite web|newspaper=This Day Live | url=https://www.thisdaylive.com/index.php/2020/05/13/access-bank-delivering-shareholders-value/ |title=Access Bank: Delivering Shareholders' Value |date=13 May 2020 |author=Goddy Egene | access-date=1 September 2020 |location=Lagos}}

The group has banking subsidiaries in Democratic Republic of the Congo, Gambia, Ghana, Kenya, Nigeria, Rwanda, Sierra Leone and the United Kingdom. The group maintains representative offices in Lebanon, United Arab Emirates, India and China.{{cite web|url=https://www.theeastafrican.co.ke/tea/business/nigeria-s-biggest-lender-enters-ea-market-to-grow-african-footprint-1430408 |title=Nigeria's biggest lender enters EA market to grow African footprint |newspaper=The EastAfrican |date=3 November 2019 | author=James Anyanzwa |access-date=1 September 2020 | place=Nairobi}}{{cite web|date=3 June 2020 | url=http://venturesafrica.com/blog/2020/06/03/access-bank-becomes-major-shareholder-in-its-rwanda-subsidiary/ |title=Access Bank Becomes Major Shareholder In Its Rwanda Subsidiary |

publisher=Ventures Africa |access-date=1 September 2020 | author=Faith Ikade |place=Lagos}}

The branches of Access Bank Zambia include the following:

1. Cairo Road Branch: 632 Cairo Road, Lusaka
2. Longacres Branch: 2166 Haile Selassie Avenue, Longacres, Lusaka
3. Acacia Park Branch: Acacia Park, 22768 Thabo Mbeki Road, Lusaka
4. Makeni Mall: Shop 50, Makeni Mall, 38388 Kafue Road, Lusaka
5. Ndola Branch: 3055 Mpelembe House, Ndola
6. Kitwe Branch: 493/494 Union House, Kitwe.

In August 2020 Access Bank Zambia entered into a binding commitment to acquire the entire issued ordinary share capital, assets and liabilities of Cavmont Bank, another Zambian commercial bank. The transaction, which requires regulatory and shareholder approval, is expected to close in Q4 of 2020.{{cite web|title=Nigeria's Access Bank buys loss-making Zambian Cavmont |publisher=Reuters.com |date=6 August 2020 | url=https://af.reuters.com/article/zambiaNews/idAFL8N2F876E | archive-url=https://web.archive.org/web/20200808054127/https://af.reuters.com/article/zambiaNews/idAFL8N2F876E | url-status=dead | archive-date=8 August 2020 | author=Nyasha Nyaungwa |editor=Tim Cocks and Alexander Smith |

access-date=1 September 2020}}{{cite web| url=https://www.lusakatimes.com/2020/08/07/access-bank-acquires-cavmont-bank-ltd/ |title=Access Bank acquires Cavmont Bank Ltd |newspaper=Lusaka Times |date=7 August 2020 |author=Lusaka Times |access-date=1 September 2020}}

In October 2021, Access Bank Zambia signed binding agreements to merge with Atlas Mara Bank Zambia Limited. The transaction which requires regulatory approval in Nigeria and Zambia, is expected to conclude in 2022. The merger of Access Bank Zambia and Cavmont Bank was concluded in 2000.{{cite web| url=https://africa.businessinsider.com/local/markets/access-bank-signs-merger-deal-with-atlas-mara-zambia/rxt5yz1 |title=Access Bank signs merger deal with AtlasMara Zambia |date=27 October 2021 |author=Dennis Erezi |access-date=27 October 2021}}

It is anticipated that when the merger with Atlas Mara Bank Zambia is concluded, Access Bank Zambia's total assets will exceed US$1 billion, with over 300,000 customer accounts and 70 branches and baking agencies.{{cite web| url=https://www.premiumtimesng.com/business/business-news/491767-access-bank-to-merge-newly-acquired-zambian-unit-with-african-banking-corp.html |title=Access Bank to merge newly acquired Zambian unit with African Banking Corp |work=Premium Times | date=26 October 2021 |author=Ronald Adamolekun |access-date=6 April 2022 |location=Abuja, Nigeria}}

{{Portal|Banks}}

• List of banks in Zambia
• Bank of Zambia
• Access Bank Rwanda

{{reflist}}

• [https://web.archive.org/web/20110424225756/http://www.accessbankplc.com/zm/default.aspx Website of Access Bank Zambia]
• [http://www.boz.zm/ Website of Bank of Zambia] {{Webarchive|url=https://web.archive.org/web/20100621132055/http://www.boz.zm/ |date=21 June 2010 }}

Category:Banks of Zambia

Category:Banks established in 2008

Category:2008 establishments in Zambia

Category:Companies based in Lusaka

Category:Access Bank Group