A bank accepts deposits from its clients, and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. In this sense, a bank links together customers who have capital deficits with customers who have capital surpluses.
There are 19 commercial banks in Zambia. Activities can be divided into retail banking, dealing directly with individuals and small businesses; business banking, providing services to mid-market business; corporate banking, directed at large business entities; private banking, providing wealth management services to high net worth individuals and families; and investment banking, relating to activities on the financial markets. Most banks are profit-making, private enterprises.
Business banking services offer business loans, credit, savings accounts, and checking accounts specifically designed for companies rather than for individuals.
Corporate finance services help corporations find funding sources and organise their structure in order to maximise shareholder wealth.
Investment banks assist in large, complex financial transactions. advising on how best to structure a deal depending on if the client is considering an acquisition, merger or sale.
Order finance involves instructions to a broker to purchase or sell a security on an investor's behalf. An order is the fundamental trading unit of a securities market. And the securities exchange protects investors to maintain fair, orderly and efficient markets, and facilitate capital formation.
Find banks and other financial institutions that provide these services here!