Zambia National Commercial Bank: Difference between revisions

Zanaco was founded in 1969 by the [[Government of Zambia]].<ref>[http://www.zanaco.co.zm/about%20us-history.htm History of Zanaco]</ref> Prior to 2007, the bank was 100% owned by the government. In that year, 49% of its shares were sold to the [[Rabobank|Rabobank Group]], a banking company from the [[Netherlands]]. In 2008, the shares of Zanaco were listed on the [[Lusaka Stock Exchange]] (LuSE), where they trade under the symbol: '''ZANACO'''. The current shareholding in the bank is detailed in the section below. According to the [[Bank of Zambia]], Zanaco was the most profitable commercial bank in Zambia during the first six months of 2009.<ref>[http://allafrica.com/stories/200910190160.html Zanaco is most profitable bank in Zambia during Q1 and Q2 of 2009]</ref>