The pan African bank-Ecobank plans to invest about $2million dollars to open 4more branches namely Livingstone, Ndola, chipata and Solwezi to add to the already existing 4 branches in the country.
ECOBANK which has been in existence for 25 years with 1,120 branches in 33 African countries and employees about 24, 000people, also plans to roll out its banking services to areas that are not serviced such as chongwe, Mpongwe, masaiti and shang’ombo districts.
According to Ecobank managing director charity lumpa, the outlets will be supported by a total of 40 automated tailor machines (ATMS) by the end of this year.
Mrs lumpa says opening up of 4more branches by the bank will significantly contribute to job creation and will further the banks strategy to roll out 3new branches every year for the next fives.
The Ecobank managing director also noted that the absence of a savings culture has presented challenges to Zambia’s socio-economic development as failure to do so creates a subsequent multiple challenge levels ranging from personal, household, community, societal and national level.
Mrs Lumpa was speaking in a speech read on her behalf by Ecobank acting managing director jinga kapiyha during the launch of the free money promotion in Lusaka this morning.
And speaking during the launch of the Ecobank free money promotion, mrs lumpa through mr kapiyha said that the development of a savings culture among many other innovative interventions is a creative way to contribute effectively to poverty alleviation in the country.
Mrs Lumpa explained the free money promotion gives an opportunity for every Zambian to enjoy the unique experience if the banks services tailored and delivery beyond customer expectation even within a competitively thriving and dynamic environment.
She added that the promotion allows both access to value added banking services as well as providing unlimited potential for building social security, which is a common need among all human kind.