ZANACO targeting to end year with 5% NPLS

ZANACO says it is targeting to end the year with about 5 percent in terms of non-performing loans.

Chief Executive Officer Henk Mulder says the bank has invested in building personal and business financial management skills for various segments of society reaching over 100,000 people.

Speaking at the financial literacy seminar for media personnel in Lusaka,Mr Mulder says the bank intends to be the top transactional bank by 2020.

He has acknowledged that personal financial management is one of the key factors in individual and household growth.

Mr Mulder has however expressed concern that most individuals may not have had the privilege to learn how to manage their finances as young people because some learnt through trial and error after getting salaries.

He says iit is for this reason that the bank designed a programme to share value by profiling and driving financial literacy in the workplace focusing on media workplaces.

And giving a real life experience and testimony, QFM and QTV Director Moses Nyama encouraged media practitioners to learn to plan to avoid unnecessary expenditure.

Mr Nyama has encouraged media personnel to embrace financial discipline and remove fear when planning to start their own business.

And making a presentation entitled ‘a case for financial literacy in Media workplaces, ZANACO Corporate Social Responsibility Manager Caroline Handia says the bank desires to help people grow their businesses through promotion of financial literacy.