Zanaco Reports K2 Billion Profit as Strong Growth Continues
Zanaco has recorded a profit after tax of K2 billion for the 2025 financial year, representing an 11 percent increase from K1.8 billion reported in 2024.
The bank announced the results at its 56th Annual General Meeting held in Lusaka, where it also reported a 10 percent rise in revenue to K6.15 billion and a 25 percent increase in customer deposits.
Zanaco, which became the first commercial bank in Zambia to surpass K1 billion in profit after tax in 2021, continues to demonstrate consistent year on year growth, strengthening its position among the country’s leading financial institutions.
Board Chairperson Oliver Saasa said the bank remained resilient despite economic challenges, emphasising the importance of strong governance and disciplined execution.
He noted that the Board is committed to maintaining high standards of governance, risk management, and strategic direction to ensure long term stability and growth.
Reflecting the strong financial performance, Zanaco increased its dividend by 11 percent from K0.438 per share in 2024 to K0.488 per share in 2025. Total dividends for the year ended 31 December 2025 rose to K704 million, up from K632 million in the previous year.
Chief Executive Officer Mukwandi Chibesakunda said the results were achieved amid inflationary pressures, foreign exchange volatility, energy constraints, and a tightening macroeconomic environment.
She attributed the performance to the dedication of staff, customer loyalty, and the strength of the bank’s balance sheet, as well as a continued focus on operational excellence.
Mrs Chibesakunda added that the bank’s future will be guided by its newly launched five year strategy, which prioritises strengthening customer relationships, expanding leadership in key sectors such as agriculture and small and medium enterprises, accelerating digital transformation, and exploring growth opportunities beyond existing markets.
