Standard Chartered Bank Zambia Plc completed the acquisition of RBC Investor Services Trust Hong Kong Limited from Royal Bank of Canada (TSX:RY)

Standard Chartered Bank Zambia Plc is among the Zambian banking group leaders. Income breaks down by activity as follows: - retail banking (46.9%): classical and specialized banking products and services sale (consumer credit, mortgage credit, insurance, etc.); - financing, investment and market banking (14.7%): specialized financing (of acquisitions, of projects, etc.), intervention on shares, rate and change, operations on shares, consulting on merger-acquisitions, etc. markets.; - commercial banking (6.1%); - other (32.3%). At the end of 2018, the group manages ZMW 8,204.2 million of current deposits and ZMW 2,886.3 million of current credits. The products and services marketing is ensured through a network of 17 branches established in Zambia.