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Corporate Vision Our vision is to become a strong and financially sustainable value creating institution of first choice in the provision of development finance and associated financial services.
Mission Statement Our
Mission is to provide to the industrial and commercial sectors, efficient
and cost effective financial resources to enhance economic activities and
development. |
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The Bank’s strategic objectives for achieving its mission and playing an effective developmental role in Zambia are:-
To effectively mobilise short, medium and long term financial resources required for development.
To provide on profitable and competitive terms short, medium and long term financial resources.
To promote economic activities which contribute to the creation or expansion of employment.
To promote economic activities in the export sector to enhance foreign exchange earnings.
To contribute to the expansion of economic and productive activities involving domestic entrepreneurs in order to develop a sound indigenous private sector.
To promote environmentally friendly commercial and industrial activities.
To contribute to the development of Zambia’s capital market.
To maintain and enhance shareholder value and make payment of dividends.
The Bank will uphold the following three (3) core values:-
Professionalism
The Bank in its day to day operations will uphold and maintain the highest professional standards in Banking.
Competence
The Bank will recruit highly skilled, qualified and knowledgeable staff while committing itself to the continuous development of staff in order to ensure innovation in service provision.
Integrity
The Bank is committed to upholding ethics, good corporate governance, established policies and procedures.
The Development Bank of Zambia (DBZ) is a Development Finance Institution (DFI) established in the early 1970s by an Act of Parliament, as a joint venture between the Government of the Republic of Zambia (GRZ), Public Sector Financial Institutions, on one hand, local private sector and foreign bilateral and multilateral institutions, on the other. At inception GRZ and Public Sector financial Institutions constituted the class ‘A’ shareholders and held 90% of the shares while the balance of 10% was held by the class 'B’ shareholders.
The Bank has played a pivotal role in promoting Zambia’s economic development. In its mandate to provide medium and long term development finance, the Bank invested extensively in Agriculture, Agro and Mineral Processing, Forestry, Quarrying, Textile Pulp and Paper, Fisheries and Manufacturing sectors. Between the 1970s and early 1990s, the Bank held its place as the most significant financing institution providing medium and long term finance for fixed assets to medium and large scale enterprises in Zambia. As the major catalyst in the establishment of industries, the Bank has been the cradle of Zambia’s industrial and commercial development. Read More ...
The Bank has recently undergone financial, organisational and operational restructuring under the auspices of the Development Bank of Zambia Amendment Act No. 11 of 2001. The basis of the Development Bank of Zambia Restructuring is the Development Bank of Zambia (Amendment) Act which was passed by Parliament in November 2002 when Honorable Minister of Finance and National Planning signed the appropriate Statutory Instrument (SI) Read More ...
