Minister of Finance Dr. Bwalya Ndandu (2nd from right) in the company of Zambia National Building Society (ZNBS) Board Chairman Dr. David Nama, Former BoZ Governor and ZNBS Board member

 Dr. Michael Gondwe and ZNBS Managing Director Mr. Joseph Chikolwa unveiling the new Corporate Strategic Plan (CSP) for the period 2019 to 2023. Unveiling the strategic plan Dr. Ngandu government is pleased to note that ZNBS has continued to register growth evidenced by the declaration of dividend to the shareholder. The ZNBS also presented a cheque of K1,500,000.00 to the Minister of Finance as third dividend for the financial year 2018-2019.

ZNBS has been awarded 1st Prize in Banking Exhibit category at the 2019 Zambia International Trade Fair (ZITF) in Ndola. 

This years trade fair was running under the theme "Inclusive Growth Through Entrepreneurship". The Society also bugged second Prize in Non-Bank Financial institutions category.

Targets to empower 180 families through affordable mortgage finance. Physical places endure while memories and people fade, so homes and neighborhoods become “memory machines” that help us keep alive some of the strongest sources of what has given our lives meaning, well-being, and happiness. Zambia National Building Society (ZNBS) is about creating these “memory machines”. But more importantly giving lives meaning, well-being and happiness.

 The launch of the Nyumba Ya Banja Mortgage Promotion sets in motion the aspiration of the Society in terms of its mission to provide affordable and sustainable mortgage financial, financial services and other allied services for the benefit of the Society and other stakeholders. The ZNBS Acting Managing Director Mrs. Mildred Mutesa shared that “Nyumba Ya Banja” mortgage promotion has been coined against the background of family security and a sense of ownership. “It means a home for the family and denotes a sense of family and collective ownership of the family home which ZNBS is proud to play a role in facilitating”, Mrs. Mutesa said during the launch of the long awaited promotion. Launched on the 24th of February, 2020, the mortgage promotion attracted the interest of the Vice President of the Republic of Zambia, Mrs. Inonge Mutukwa Wina. Speaking through her representative, Housing and Infrastructure Minister, Eng. Charles Mushota at the Pamodzi Hotel in Lusaka, Mrs. Wina identified some key factors that have contributed to the rise in the housing deficit in Zambia to as Urbanization and high cost and limited availability of long term financing. “Although there has been rapid growth of the urban population, investment in urban infrastructure has not been commensurate with the growth in population.

 We therefore believe that we need initiatives like the Nyumba Ya Banja Mortgage Promotion to assist more Zambians with home ownership” the Vice President said. “My challenge to ZNBS and other financial institutions is to come together as an industry and create new and innovative ways of assisting the informal sector to also join in the journey of home ownership.” The Nyumba Ya Banja Mortgage Promotion is set to empower 180 families and will run for a period of six (6) months beginning 24th February, 2020 targeting both men and women. ZNBS has dropped all arrangement fees from 5% to 0% during the period of the promotion. Successful customers will also get up to 100% financing of their purchase under outright purchase. This means that instead of the 75% Loan To Value (LTV) as per industry practice, ZNBS will pay out the full cost of a house.Customers will also enjoy up to 60 days’ repayment holiday from the date of disbursement of the approved mortgage. And speaking at the same function, ZNBS Board Chairperson Dr. David Nama highlighted some of the efforts the Society has put in place to address some of these challenges. ” While we understand the challenges that come with access to affordable housing and housing finance by our customers such as the high cost of borrowing and lack of security or collateral, I am happy to share with you some of the efforts that ZNBS has put in place to try and address these challenges. 

1. ZNBS has partnered with a number of developers for the financing of affordable housing units by off-takers.
2.  ZNBS expanded its geographical presence by opening a branch in Nyimba, Eastern Province and one in Lusaka at Cosmopolitan mall. This enables us to reach far and wide in terms of service delivery. 
3. In an effort to deliver affordable housing to the public, ZNBS acquired parcels of land for Housing Projects in Nyimba, Chilanga , Chikakanta Chisamba, Kabwe, Kitwe, Chililabombwe, Kalumbila, Chembe, Mansa, Kawambwa, Mwansabombwe, Mpika and Kasama districts from the respective councils. 
4. Partnership with National Pension Scheme Authority (NAPSA)for the provision of Mortgages at 14% interest per annum with a repayment period of 30 years for buyers of houses at North Gate Housing Estate in Lusaka. This was against a 30-year deposit placed with the Society by NAPSA.” The Nyumba Ya Banja Mortgage promotion is expected to end in July, 2020.

 ZNBS has also partered with Kansai Plascon to award the first 20 successful applicants with a 20 litre tin of paint and a 10% discount coupon to the remaining 160 customers that will have their mortgage applications approved.

Zambia National Building Society (ZNBS) Managing Director Mildred N. Mutesa has been appointed to the Board of Directors of the African Union for Housing Finance (AUHF) at the just ended African Union for Affordable Housing Finance (AUHF) virtual Annual General Meeting (AGM) held on 5^th November, 2020 under the theme: “Investing in the Sustainable Development Goals (SDGs): Finding a market opportunity in affordable housing”. Her election means that ZNBS retains its seat on the AUHF Board of Directors.

The African Union for Housing Finance is an industry body, that promotes the development of effective housing finance markets, and delivery of affordable housing across Africa, working in the interests of both the members and the industry as a whole. The Association comprises of 48 member institutions from different countries across the continent.

The Managing Director was among hundreds of delegates who attended the conference on a virtual platform. She was part of a panel of discussion on the topic: “Alternative Financial Solutions Pre and Post COVID”, that included discussions around product offerings, reliance on local capital markets and the impact of COVID on the mortgage financing industry.

The ZNBS Managing Director served as Finance Director for Zambia’s leading mortgage financing institution before her recent appointment as MD. She is a Fellow of the Association of Chartered Certified Accountants (ACCA), and a Fellow of the Zambia Institute of Chartered Accountants (ZICA). She holds a Masters degree in Business Administration (MBA), Association of Certified Chartered Accountants (ACCA), and a Degree in Accountancy from the Copperbelt University. She has over ten years managerial experience at executive management Level.

There are any number of reasons you may want to save. It could be for your home, child's future or even saving for your first home. Personal Savings account can be opened either as individual or joint at any of our Branches country wide. This type of account provides an opportunity to create a personal emergency fund and manage your other financial worries.

Requirements

Minimum cash - K40.00

• A recent, passport-size photo
• A valid copy of your National Registration Card/Passport/Drivers License

Account Benefits

• You can deposit and withdraw as much or as little as you like-as frequently as you wish
• Inter Branch Transactions - enable you to carry out transactions at any of our Branches country wide
• Account Balance enquiries - account information is availed when you call in person.
• Account history statements detailing your transactions
• Interest is calculated on your daily balance.

Terms and Conditions

• Minimum Account Balance- K40.00
• Monthly Account Maintenance Charge- K8.00
• Inter-Branch withdraw charge-K15.00
• Minimum Interest at Competitive Rates

Salary Account is a transition account for anyone employed and getting his/her salary through ZNBS. This type of account can be opened at any of your nearest - ZNBS Branch.

Requirements

• The first requirement is to instruct your employer to remit your monthly salary to any ZNBS Branch of your choice. Forms can either be collected either from ZNBS or employers. ( Salary Application Form)
• No cash is needed to open this account but you will be required to present your pay slip at the Branch as proof of having opened a salary account with the Branch when you go to withdraw your money.
• A recent, passport-size photo
• A valid copy of your National Registration Card/Passport/Drivers License

Account Benefits

• Inter Branch Transactions - enable you to cash deposits or withdrawals, from your account at any of our Branches country wide.
• Account Balance enquiries - account information is availed when you call in person.
• Account history statements detailing your transactions
• Interest is calculated on your daily balance.
• It qualifies you for a short-term friendly loan.

Terms and Conditions

• Minimum Account Balance- K40.00
• Monthly Account Maintenance Charge- K8.00
• Salary Administration Fee -K10.00
• Inter-Branch withdraw charge-K15.00
• Competitive Interest Rates
• Four free withdrawals per month, additional withdrawal is charged

Fixed Deposit accounts must be opened with minimum initial deposit of K500.00 and interest is payable upon maturity. When this account attains maturity, the Bank will automatically renew the principal and accrued interest for a further period as stipulated by the account holder.

This will help you to save money keeping money intact for a certain period(30days).

Requirements

• ---

  Minimum cash - K500.00

• A recent passport-size photo
• A valid copy of your National Registration Card/Passport/Drivers License
• Tax Payers Identification Number (TPIN) Certificate

Account Benefits

• Interest can be withdrawn at maturity
• No monthly service charge.
• Inter Branch Transactions - enable you to carry out transactions at any of our Branches country wide.
• For amounts above K50,000 interest can be negotiated after consultation with our Treasury Department.
• Account Balance enquiries - account information is availed when you call in person.
• Account history statements detailing your transactions.
• Interest is calculated on your daily balance.

Terms and Conditions

• Minimum Account Balance- K500.00
• Minimum Interest at Competitive Rates

STOP ORDER ACCOUNT

A save as you earn account that allows you to put aside a portion of your income on a regular basis through payroll.

FEATURES

• Minimal book balance 
• Minimal Maintenance fee
• Interest earning
• Withdraws every after six months

BENEFITS

• Access to loans
• Free account statements twice a year
• Interest earning account
• Mobile Banking

ACCOUNT OPENING REQUIREMENTS

• Two passport-size photos
• Photocopy of NRC, Passport, Driver’s License
• A reference letter from ZNBS account holder/employer
• Application letter
• Proof of residence (Utility bill, tenancy agreement etc)
• Copy of work permit/resident permit (Non Zambia)
• Tax Payer Identification Number (TPIN) certificate

• ---

  
  

Designed specifically for Marketeers

• Easy to Open
• NO maintenance fees
• Minimum balance is ONLY K10
• Minimum account opening balance K20
• Saving by members on a daily basis
• Access to group loans
• Competitive interest rates
• Flexible terms and conditions

Life Assurance Account

Account Benefits

• No monthly service charge
• Inter Branch Transactions - enable you to carry out transactions at any of our Branches country wide.
• Funds are administered by ZNBS
• Costs saving on transport, accommodation, food etc as funds can be accessed at your nearest ZNBS Branch.
• Account Balance enquiries - account information is availed when you call in person.
• Account history statements detailing your transactions
• Interest is calculated on your daily balance, capitalized and credited to your account every 30 days

Terms and Conditions

Requirements

• Two passport-size photos
• Photocopy of NRC, Passport, Driver’s License (Guardian in case of minor)
• Introductory letter from the institution of learning signed by the Registrar or the Head of Student Affairs.
• Tax Payer Identification Number (TPIN) certificate

Account Benefits

• No monthly service charges
• Interest earning accounts
• Free account statement twice a year
• Mobile banking
• Access to funds through the wide Branch network

Terms and Conditions

• Minimal opening balance
• Minimal book balance
• No maintenance fees

This is a savings account designed for senior citizens who have retired or above the age of 55.

Features

• Minimal book balance
• No maintenance fees

Benefits

• Interest earning
• Zero monthly maintenance fees
• Free account statements twice a year
• The Orange card (ZNBS ATM card)
• Mobile banking
• Access to funds through the wide Branch network

Requirements

• Two passport-size photos
• Photocopy of NRC, Passport, Driver’s License
• Two reference letters (employer or account holder)
• Proof of identification (Utility bill, tenancy agreement, etc.)
• Copy of work permit/resident permit (Non Zambia)

Secure your future with a stop order plus account.This account is strictly for saving purposes only. It therefore allows you to plan and save for the future.

Terms and Conditions

• Optional tenure ranging from 3 months to 24 months
• Minimum balance of K100
• Deposit directly into account or through payroll
• Withdrawals allowed at the end of agreed tenure

 Benefits

• Interest earning

An account designed to meet the needs of business entities, schools, churches, cooperatives, etc

• Minimal account opening balance for companies, Schools, churches, cooperatives, labour unions, community clubs, etc.
• Very Competitive Maintenance fee

• Interest earning
• Access to funds through the wide Branch network
• Very competitive maintenance fees

 ACCOUNT OPENING REQUIREMENTS

• Certificate of incorporation/Registration
• Two passport-size photos of each Director/ Representative
• Photocopy of NRC, Passport, Driver’s License of each Director/Representative
• Two reference letters from account holders

A savings account designed to help guardians and parents to be saving money for the future of the beloved young ones below the age of 18 years; children, nieces, nephews, brothers and sisters. The account can be used to save money for the university/college education fees as well as to meet future medical expenses. FEATURES

• Minimum savings amount per month is K100
• Minimal balance
• No monthly maintenance fee
• Competitive Interest rates

• Zero monthly maintenance fees
• Free account statements twice a year
• Interest earning account

• Application letter
• Details of beneficiaries
• Two passport-size photos
• Photocopy of NRC, valid Passport or valid Driver’s License
• Utility bill, Tenancy agreement or letter from employer (Proof of residence)
• A reference letter from ZNBS account holder/employer
• Tax Payer Identification Number (TPIN) certificate

Buying or building a house is probably the biggest investment that you will ever make in your life.At ZNBS we realise this and have come up with solutions to help you achieve your dream.The following are the different types of mortgage products:

Outright  Purchase

Construction Loan

Home Improvement Loan

What Do You Need To Get A Mortgage

• Introduction Letter From Current Employer which should clearly indicate whether you are employed on permanent or contract basis
• Certified Photocopy Of either National Registration Card or valid Passport
• One (1) Passport Size Photo
• Copy of a Title Deed , Land Record Card or Occupancy License
• Original Latest Payslip stamped and signed by Payroll Accountant
• Latest Bank Statements for the Past (6)Six months (Original or certified copies)
• Proof of residence i.e. Utility bill
• Approved building plans to be submitted if constructing.
• Schedule of works to be submitted for all borrowing except outright purchase
• Proof of payment of rates and ground rent from the council and Ministry of Lands respectively (attach copy of latest receipt)
• Copy of Contract to be attached if employed on contract.
• Stage inspection fee of K500.00 within Lusaka CBD and Ndola, and K700.00 elsewhere to be paid for each site visit.
• Valid Lease where rental income is declared

For Outright purchase

1. ---

   Copy of NRC of Vendor,

2. Offer Letter

3. Contract of sale/Letter of sale

The following documents through the vendor's Lawyers will be required after approval of the loan: 

• ---

  Granted Consent to Assign

• Property Transfer Tax Clearance Certificate
• Duly Executed Assignment
• Duly Executed Mortgage Deed
• Original Certificate Of Title, Land Record Card or Occupancy License

Clients to open one of the two accounts below when the application reaches offer stage

Type of Account Minimum balance Maintenance fees

• ---

  Mortgage Fixed deposit account K1,000.00 with no maintenance fees

• Mortgage savings account K700.00 with maintenace fee of K22.00

Requirements For Account Opening

• ---

  Introduction Letter From Current Employer

• Photocopy Of National Registration Card ( Certified)

• Two (2) Passport Size Photos

• Utility bill

• Hand written application letter

Note : Mortgage application form and CRB fees are not refundable. for details contact your nearest branch.

Zambia National Building Society is committed to providing its clients with the security, convenience and value for money they expect from a local Financial Institution which has been in existence for more than 30 years. In a world filled with uncertainties, our aim is to grow with you and plot a steady path together that best allows you to realize your goals whatever they may be.

As such, we offer you a range of Banking Products and Services that will enhance your Banking experience.

1590639169BEST EVALUATED BIDDER - CORE BANKING.pdf

1590639374bestbidder.pdf

Procurement Department

Zambia National Building Society

Century House, Cairo Road

P. O. Box 30420

Lusaka

Email: procurement@znbs.co.zm

• Convenient way to access your account
• Safe and Secure Banking
• No need of queuing up at ATMs to check balances.
• Banking services without Internet on the USSD platform

Internet banking

Benefits

• The benefits of ZNBS Cash Express for customers are:
• Reduced travel costs and time to get access to your bank account
• Convenience - less travel and waiting time as the ZNBS Smart Cash agents are close to you
• Transaction speeds – all transactions are carried out in real-time
• Extended service hours - some agent outlets operate for longer hours and over the weekend

How to

Digital Banking or E-Banking is a product designed for the purposes of Online Banking that enables you, ZNBS customer to have easy and safe access to your bank account.

 E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week.

With this service you save your time by carrying out banking transactions at any place and at any time, from your home or office, all you need is internet access. E-banking enables the following:

•    Accurate statement of all means available in your bank account 

•    Statement of current account, credits, overdrafts and your deposits

•    Execution of national and international transfers in various currencies 

•    Execution of all types of utility bill payments (electricity, water bills, pay TV, Money Transfer, Airtime purchase, etc..)

•    Carrying out customs payments 

•    Electronic confirmation for all transactions executed by E-banking 

•    Management of your credit cards 

 How to apply?

All you need to do is visit one of our branches, and everything will be taken care of  within a few minutes.

There are no Vacancies at the moment.

1590639169BEST EVALUATED BIDDER - CORE BANKING.pdf

1590639374bestbidder.pdf

Procurement Department

Zambia National Building Society

Century House, Cairo Road

P. O. Box 30420

Lusaka

Email: procurement@znbs.co.zm