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HomeLocal NewsNATSAVE records K1.5bn earnings growth

NATSAVE records K1.5bn earnings growth

NATSAVE records K1.5bn earnings growth

BUUMBA CHIMBULU writes

@SunZambian

NATSAVE Bank has recorded growth of K1.5 billion in its total earnings as of 31st, October this year, supported by its high presence in rural areas.

The bank is in 14 rural districts such as Chavuma, Kaputa , Nchelenge, Chama and Kalobo, among others, NATSAVE Chief Executive Of-ficer, Malcom Chabala said.

Mr Chabala emphasised that the bank served customers through agents Point of Sale, internet and mobile banking, making product servicing easier.

“We are proud to inform you that the bank has recorded growth in its total earnings assets by K1.5 billion as at 31st October 2021 com-pared to the same last year,” Mr Chabala said at a Media meet dinner in Lusaka.

He said NATSAVE was currently present in all the 10 provinces of Zambia with a branch network of 38 and four money windows.

Mr Chabala stated that NATSAVE had a mandate to deliver financial services to everyone in the country without discrimination.

NATSAVE, he said, played a critical role in the business ecosystem of the Zambian economy.

He further said the bank has made significant improvement in service delivery and has extended its products and services to various parts of the country.

“We are currently present in all the ten provinces of Zambia with a branch network of 38 and 4 money windows. We are also the only bank in 14 rural districts such as Chavuma, Kaputa, Nchelenge, Chama, Luwingu, Kalabo, Chilubi Island etc,” he explained.

Mr Chabala added: “Apart from branches, we serve customers through Automated Teller Machines, Agents POS, internet and mobile bank-ing. This makes our services accessible in real time no matter where one is.”

He said NATSAVE’s vision is to drive financial inclusion in line with the needs of its customers.

Meanwhile, Mr Chabala encouraged the media to adopt a culture of saving.

He further implored media practitioners to continue working closely with financial institutions in order to promote a saving culture.

“The information dissemination role that you play is vital as without you no news, good or bad, would reach the intended constituents,” Mr Chabala stated.

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