Financial institution in Zambia for sale

Here is a microfinance bank for sale in Zambia (which may be converted to a full commercial banking license) with the ability to provide international clients with deposits and internet banking (current client base – 25 000 users).

Overview of Financial institution in Zambia for sale

The financial institution in Zambia for sale has bank accounts (all in Zambia), and software licenses may be obtained through a separate agreement with the present shareholder.

The board of directors has five members (they will stay). At the moment, there are 130 people working for the company.

The company has nine locations (3 in Lusaka and 6 in other cities in Zambia).

The process of shifting ownership will take two to three months. KYC documents required: source of money, passport of possible UBO, police clearance, financial sector experience (it shall be demonstrated to the regulator BoZ that the new shareholder will be able to lead the company to recover).

The current owner arranged for an audit.

The current shareholder is unwilling to fund the loss accumulated over Covid-19, which is the reason for the sale.

You can see more interesting offers in the category “Small private banks”.