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News from AB Bank Zambia

AB Bank Zambia extends 1000st loan and opened over 3000 accounts


Lusaka, 30 March 2012. AB Bank Zambia is proud to announce that it has extended more than 1000 loans and opened over 3000 accounts for its target group, the micro, small and medium-sized entrepreneurs as well as low-income earners in Zambia.
After less than six months of operations, this gives us confidence that we are on a good track to achieve our mission, the improvement of access to a broad range of financial services for the majority of Zambians and their businesses. AB Bank would like to thank it’s staff, it’s clients, the Bank of Zambia, its shareholders and the Zambian people for making this happen and for further supporting us in our mission.  

AB Bank Zambia Limited is the newest commercial microfinance bank in the Access Microfinance Holding Network. AB Bank Zambia started its operations in October 2011. AB Bank is owned by the following shareholders: FMO (Netherlands Development Finance Company), IFC (International Finance Corporation – World Bank Group), KfW (German Development Bank), Rural Impulse Fund (Incofin Investment Management) and Access Microfinance Holding, strategic investor in microfinance based in Berlin, Germany.Lusaka, 30 March 2012. AB Bank Zambia is proud to announce that it has extended more than 1000 loans and opened over 3000 accounts for its target group, the micro, small and medium-sized entrepreneurs as well as low-income earners in Zambia.
After less than six months of operations, this gives us confidence that we are on a good track to achieve our mission, the improvement of access to a broad range of financial services for the majority of Zambians and their businesses. AB Bank would like to thank it’s staff, it’s clients, the Bank of Zambia, its shareholders and the Zambian people for making this happen and for further supporting us in our mission.  

AB Bank Zambia Limited is the newest commercial microfinance bank in the Access Microfinance Holding Network. AB Bank Zambia started its operations in October 2011. AB Bank is owned by the following shareholders: FMO (Netherlands Development Finance Company), IFC (International Finance Corporation – World Bank Group), KfW (German Development Bank), Rural Impulse Fund (Incofin Investment Management) and Access Microfinance Holding, strategic investor in microfinance based in Berlin, Germany.