Indo-Zambia Bank

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Indo-Zambia Bank Ltd
legal form	GmbH
founding	1908 (Bank of Baroda in India)
Seat	Lusaka
sales	(2006 dividend: US $ 1.2 million)
Branch	Financial industry
Website	www.bankofbaroda.com  ( page no longer available )

Indo-Zambia Bank is a subsidiary of the Indian Bank of Baroda in Zambia . 60 percent of the shares are held by the Bank of Baroda, which is owned by the Indian state, and 40 percent by the Zambian state, making it a joint venture . Its head office in Zambia is on Cairo Road in Lusaka . It has branches in Lusaka, Ndola , Kitwe , Kabwe , Livingstone , Chilanga and Chingola .

The Bank of Baroda is the largest international bank in India, comparable to Barclays Bank and Citibank for the western industrialized countries. Your subsidiary, the Indo-Zambia Bank, handles the joint trade of the two countries India and Zambia as a central business area. The Indo-Zambia Bank thus competes directly with Stanbic Bank Zambia and Zambia Export and Import Bank in the field of simple consumer goods such as bicycles, for which India has almost a monopoly in Africa because of their simple construction, textiles that are often more colorful than others in Africa of the world, plastic bowls, canisters, bottles of all sizes etc.

Their business area is comparatively small, but can be viewed as diverse and very close to the area of microcredit . It has been growing for years in the sector that the World Bank has just discovered, which it is trying to promote with Lima Bank and Cavmont Capital Bank .

The branch network of the Indo-Zambia Bank in Zambia is relatively large, but the equipment is often spartan, so that many large customers feel out of place. However, it does its job of providing Indian traders in Zambia and their suppliers in India with reliable payment connections. In addition, there is the branch network of the Bank of Baroda, Botswana , Kenya , Uganda , Tanzania , the Seychelles , Mauritius , Oman , Hong Kong , the PR China , Malaysia and others. a. served. This is to be seen as an independent segment of the banking market.