Luanshya Mayor implored financial institutions to be aggressive

 Luanshya Mayor implored financial institutions to be aggressive

Luanshya Mayor Nathan Chanda has implored the Zambia National Building Society (ZNBS) and other Zambian owned financial institutions to be aggressive in marketing their services.

Mr Chanda said banks  have a crucial role to play in building the Districts and National Economy.

He said there was great potential for growth of the Zambian economy and as such locally owned financial institutions need to do more to attract people to bank with local banks.

The Mayor was speaking when ZNBS managing director Mildred Mutesa paid a courtesy call on him at Luanshya Civic Centre.

Mr Chanda encouraged Zambians to bank with local banks as they would greatly contribute to the national economy because all the profits would not leave the country.

He said Zambia was a free market economy and all the players in the financial sector have to compete and provide incentives to get their deserved share of the economy.

The Mayor told Ms Mutesa and her delegation that hundreds of Council employees, the mines and mining contractors firms, private sector and inform sectors provide a competitive market for banks which should offer tangible benefits to their clients such as the ones ZNBS was currently offering.

He said there was no country in the world which can realise its social and economic goals without the inclusion of women and the youth as key players.

And speaking during the Courtesy Call Ms Mutesa said ZNBS was offering various banking services to hundreds of Council employees throughout the country and it was now looking forward to see most Councils opening up corporate accounts in order to maximize the benefits from various empowerment services being offered by the  bank.

Ms Mutesa explained that ZNBS was a public financial institution, which was working according to the new Employment Code by among others facilitating for the employers to have employees empowered with affordable housing.

She  said the ZNBS management was determined to continue pushing for dynamic partnerships aimed at sustaining ZNBS as a brand for the future

The Independent Observer

John Sakala is a Journalist yearning for independent journalism

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