ZNBS named best mortage provider

ASSISTING over 1, 800 families with incremental construction and home purchase financing loans over the last one year, the Zambia National Building Society (ZNBS) has been named 2022 Best Mortgage Provider by Capital Finance International (CFI.co).

ZNBS has over the last year assisted over 1, 800 families with incremental construction and home purchase financing loans, continuing to tackle the challenge of affordable housing finance in the country.

It promotes financial inclusion and property ownership with a specialised service suite centred on mortgage financing and banking, leading to being awarded the 2022 Best Mortgage Provider in Zambia, according to a statement issued by ZNBS.

CFI.co is a print journal and online resource reporting on business, economics and finance.

It addresses changes in technology and innovation affecting these markets and help identify regions, industry sectors and companies that will succeed.

According to the statement, ZNBS had also developed a complementary product to support the journey of buying a home.

“The company prioritises innovation as a catalyst for sustainable growth and has set strategic development plans for the next three years.

The Society, it stated, had also made significant progress on its digital transformation strategy introducing mobile, internet banking and agency banking channels to its client base.

It indicated that over 1.3 million transactions had been processed over the institution’s alternative channels in the last one year signaling a shift in client preferences around the mode of access to financial services.

ZNBS is wholly owned by the Zambian Government and regulated by the Bank of Zambia.

ZNBS was established by the Building Societies Act in 1968.

Since its inception, ZNBS has grown into the largest Building Society in the country with a nationwide network of 21 branches and 15 properties.