INVITATION FOR EXPRESSIONS OF INTEREST TO BID FOR
49% Shares in Zambia National Commercial Bank Plc. 

The Zambia Privatisation Agency (ZPA) is an agent of the Government of the Republic of Zambia ('the Government") established to manage and implement the programme of privatisation of the State Owned Enterprises. The ZPA invites suitably qualified prospective investors or consortia of investors to express interest in participating in the bidding process for 49% Government shareholding in the Zambia National Commercial Bank Plc (ZNCB) with management rights.  Zambia National Commercial Bank Plc is a registered commercial bank whose principal activity is to provide banking and financial services and had 24 percent market share for total deposits as of 31st December 2004.
 
EXTRACT FROM PUBLISHED BALANCE SHEET OF 31st DECEMBER 2004:  

Total book assets
US$314.0 Million
Total reported deposits
US$285.8 Million
Total cash and & equivalent
US$167.7 Million
Market Share
24%
Branches and Agencies 
52

EXPRESSION OF INTEREST REQUIREMENTS:  
Investors or consortia of investors expressing interest should provide the following information: 
  • Identify the consortium leader, if a consortium;
  • Full name of entity/entities in a consortium, name of key contact person, postal address, telephone number, fax number and e-mail address of interested party/consortium leader;
  • Details of ownership structure of interested party/each consortium member;
  • Nature of business relevant to banking and financial services;
  • Track record in banking and financial services sector, indicating:
  • market segment served e.g corporate, retail micro-finance etc;
  • years of operation;
  • experience of running a branch network and size thereof;
  • geographical areas of operations;
  • market capitalization/net assets
  • evidence of track record of business expansion and development in market segments served by ZNCB;
  • Audited financial statements for the last three years.

THE PROCESS:  
Expressions of Interest shall be evaluated and those that are found to be suitably qualified shall subject to execution of a Confidentiality Agreement and payment of a non-refundable application fee of US$1,000 be:
  • Issued with Tender documents
  • Allowed to undertake due-diligence
  • Eligible to submit bid (s) for the 49% shareholding

CLOSING DATE FOR BID SUBMISSION:  
Closing date for submissions of bids for 49% shareholding is Tuesday 13th September 2005 at 15.00 hours.

For further details, please contact: 

The Chief Executive  
Zambia Privatisation Agency  
Privatisation House  
Nasser Road  
P.O. Box 30819,  
LUSAKA, ZAMBIA  

Tel: 260 1 220177  
Fax 260 1 225270  
Email: zpa@zpa.org.zm  or The Chief Executive Officer. 
URL: www.zpa.org.zm  


Attention : Robert B Banda  

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