Zambia’s banking sector has continued to demonstrate remarkable fortitude in the face of local and global challenges. At the domestic level, these challenges have included high inflation, a weakened kwacha and poor liquidity.
The findings of PwC Zambia’s Eighth Annual Banking Industry Survey (June 2024) are testament to the sector’s strength. The survey offers an examination of the banks’ performance against a backdrop of economic flux and realignment. In presenting the results of the survey, we not only hope to illuminate the prevailing challenges within the sector but to also highlight the issues that will likely influence its future course.