Here is presented microfinance bank in Zambia for sale (can be upgraded to a full commercial banking license) with opportunity of providing deposits and internet banking for international clients (current client base – 25 000 users).
Purchase financial institution in Zambia for sale!
The company has bank accounts (all in Zambia), software may be licensed upon a separate deal with current shareholder.
Staff: five directors on the board (they will stay). There are 130 employees at the moment.
The company has 9 branches (3 in Lusaka and 6 in other cities in Zambia).
Procedure of changing the ownership will take 2-3 months. Required KYC documents: source of wealth, passport of potential UBO, police clearance, expertise in financial sector (it shall be demonstrated to the regulator BoZ that the new shareholder will be able to lead the company to recover).
Loan book of approx. 4.3M USD.
Audit was arranged by current owner.
Reason of sale: current shareholder is not willing to cover the loss aggregated over Covid-19.
Price for buying Zambian financial institution: a.shevchuk@eternitylaw.com / Telegram @anastasiiaeternitylaw
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The information presented in this section is provided for general informational and B2B purposes only. Licensed or regulated companies listed here may be offered for sale by their respective owners or other third parties.
The Company does not sell, issue or provide licences, authorisations, registrations or the underlying regulated services. Any existing licence, registration, authorisation or regulatory status remains subject to applicable law and, where required, regulatory approval, notification, change-of-control, re-registration or other procedures imposed by the competent authority.
The Company acts solely as an independent provider of legal, consultancy and transaction support services and may assist with due diligence, transaction structuring, documentation, ownership transfer, re-registration and related legal or regulatory support.
No listing constitutes financial, investment or brokerage advice, or a guarantee that any licence or regulatory status may be transferred, maintained or used by a prospective purchaser.