Indo-Zambia Bank Limited

Indo- Zambia Bank is a subsidiary of Bank of Baroda in India in Zambia. Your shares are 60 percent at Bank of Baroda, is owned by the Indian government, and 40 percent in Zambia State. It is considered a joint venture of both states. Its headquarters in Zambia is in the Cairo Road in Lusaka. It has branches in Lusaka, Ndola, Kitwe, Kabwe, Livingstone, Chilanga and Chingola.

The Bank of Baroda Bank of India is the international par excellence, comparable with Barclays Bank and Citibank for the Western industrialized countries. Her daughter, the Indo- Zambia Bank, worked as a central business area the common trade of the two countries, India and Zambia. Thus the Indo- Zambia Bank competes directly with Stanbic Bank Zambia and Zambia Export and Import Bank in the area of ​​simple consumer goods such as bicycles, for India in Africa because of their simple construction has almost a monopoly of the textiles that are more colorful than any other of the world of plastic bowls, canisters, bottles of all sizes, etc.

In this case, their business is not really big, but varied and very close to the field of microcredit. It has been growing for years in the sector, the World Bank has just discovered and is trying to promote with Lima Bank and Cavmont Capital Bank.

The branch network of Indo- Zambia Bank in Zambia is very considerable, but in the equipment so spartan that each major customer feels out of place. However, it serves its purpose to provide Indian traders in Zambia and their suppliers in India with reliable payment details. In addition, should the further branch network of Bank of Baroda not be overlooked that in Botswana, Kenya, Uganda, Tanzania, Seychelles, Mauritius, Oman, Hong Kong, PRC, Malaysia, among others served. This is a completely separate segment of the banking market.

• Credit institution (Zambia )
• Lusaka