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Bank of Zambia |
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Bank of Zambia
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The Bank of Zambia is the
central bank of Zambia. The Bank of Zambia Act of 1965, and its subsequent
amendments charge the institution with the usual central bank
responsibilities such as being banker to government, issuer of currency,
manager of foreign exchange reserves, controller of commercial banks'
liquidity and with responsibilities for the formulation and implementation
of monetary policy. The bank's head offices are located in Lusaka. |
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The government's focus on
price stability as a key contribution to future economic growth prospects
has paused a new but welcome challenge for the Bank. Hence, for example,
although it reluctantly got involved in things like providing credit to
Parasitical organizations, it has begun to re-orient its activities towards
meeting the core objective of maintaining price stability and ensuring a
sound financial system.
Mission of the Bank of Zambia is to achieve price and financial stability to
contribute towards national economic growth and development. |
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In pursuit of this, the Bank shall perform the functions as stated:
• to ensure appropriate monetary policy formulation and implementation;
• to act as the fiscal agent of the Government;
• to license, regulate and supervise banks and financial service
institutions registered under the Act to ensure a safe and sound financial
system; and
• to manage the banking, currency and payment systems operations of the
Bank of Zambia to ensure the provision of efficient and effective service to
commercial banks, Government and other users.
Employees of the Bank of
Zambia shall at all times endeavor to direct their efforts towards the
achievement of the Mission of the Bank consistently. |
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Bank of Zambia |
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HQ
Address: |
Bank Square
Cairo Road
Lukasa 10101
Zambia |
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Tel: |
+260 228 888 |
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Fax: |
+260 221 722 |
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Website: |
www.boz.zm |
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Swift Code: |
BAZAZMLU |
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Currency: |
Zambia Kwacha |
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Banking Hours: |
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Monday - Friday : 8.15am -
2.30pm |
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Bank of Zambia must be well managed and pursue a goal-oriented approach, as
consistent as possible with international best practice. Bank of Zambia also
responsible in determined the Base Rate in Zambia. |
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List of banks governed by the Bank of Zambia |
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» Access Bank Zambia Limited |
» Ecobank Zambia Limited |
» International Commercial Bank Zambia Limited |
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» African Banking Corporation Zambia Limited |
» Finance Bank Zambia Limited |
» Investrust Bank Plc |
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» Bank Of China (Zambia) Limited |
» First Alliance Bank Zambia Limited |
» Stanbic Bank Zambia Limited |
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» Barclays Bank Zambia Plc |
» First National Bank Zambia Limited |
» Standard Chartered Bank Plc |
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» Cavmont Capital Bank Limited |
» Indo-Zambia Bank Limited |
» United Bank For Africa Zambia Limited |
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» Citibank Zambia Limited |
» Intermarket Banking Corporation Limited |
» Zambia National Commercial Bank Plc |
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