K100m credit portfoliosBy Nation Reporter
AB Bank Zambia has hit K100 million in credit portfolios, an achievement which shows the banks solid contribution to the financial inclusion in the country, says bank’s chief executive officer Armando Sirolla.
Mr Sirolla said that achievement showed the exceptional and quality performance of the bank in delivering quality services to all its current clients.
“This milestone of K100 million in credit portfolios falls in line with the great steps that the bank has taken towards contributing to the financial inclusion goals set forth for the country as a whole,” he said.
And public relations and marketing officer Martin Sikweti said the bank would maintain its success in order to close off the financial year on a high note.
Mr Sikweti said even if 2016 had come with its own challenges; AB Bank Zambia was focused on prioritising its clients in to achieving all its ambitious plans,
“With Zambia’s economy trembling, the country’s population continues to look for financial security,
“Through all this, AB Bank Zambia has managed to achieve very ambitious but attainable milestones, for example hitting K. 100 Million in credit portfolios,” he said.
He said the bank had taken every opportunity to consolidate its growth though postponing some expansion plans for the moment and focusing more on efficiency, productivity and sustainability.
“As it is right now, the bank is no longer rated or ranked in the lower tiers of the commercial banking sector of Zambia, with this credit portfolio AB Bank Zambia is 30 percent bigger than a select group of commercial banks within Zambia,” he said.
Mr Sikweti also said the bank through its continued partnerships would expand its services to increase access to financial services.
“Looking ahead, AB Bank Zambia looks to grow and diversify its customer base and take its place as a leading player in the Zambian banking sector while working hard to meet targets irrespective of economic slopes or curves in order to sustain profitable operations,” he said.