Standard chartered spends K5billion on rebasing sensitization

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Standard Chartered Bank Zambia PLC has spent over K5 billion on the Zambian Kwacha rebasing sensitisation exercise across the country.

Standard Chartered Bank Zambia PLC Country Corporate Affairs Manager Chanda Chime-Katongo said the bank was now ready to switch to the 2013 currency rebasing exercise.

Chanda said this in a press statement released to the Zambia News and Information Services (ZANIS) in Lusaka today.

“As a bank, we are working very closely with the Bank of Zambia as they guide us accordingly and ensure we transition smoothly to the use of the new currency,” she said.

And Standard Chartered Bank Zambia PLC Chief Information Officer Musonda Musakanya assured the bank’s clients that the financial institution was ready for the Kwacha rebasing exercise.

Musakanya said the bank was not anticipating to face any problems and further assured clients that it has also tested its system to ensure compatibility with the new currency code and the rebased kwacha.

“Speaking from a systems perceptive, we have tested all our systems to ensure compatibility with the new currency code and the rebased kwacha,” she said.

She commended the bank’s loyal customers for supporting the its innovative products and services such as the internet banking which she said has strengthened the institution franchise considerably in Zambia’s increasingly competitive environment in 2012.



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Start: 2019-07-01 End: 2019-07-31