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Interest Rates and Bank Charges for Personal Accounts and Other Retail Accounts As at 31 December 2016 Average Interest Rates on Deposits (Expressed As Annual Rates)

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Interest Rates and Bank Charges for Personal Accounts and Other Retail Accounts As at 31 December 2016 Average Interest Rates on Deposits (Expressed As Annual Rates) INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 31 DECEMBER 2016 AVERAGE INTEREST RATES ON DEPOSITS (EXPRESSED AS ANNUAL RATES) Savings Account (%) Time Deposits of K10,000 or above (%) SNo. BANK More than 30 Days Less than K1,000 60 Days Tenure 90 Days Tenure 180 Days Tenure 360 Days Tenure K1,000 Tenure upto 364 days 17%, 365 days 1 AB Bank Zambia Limited and above 20%, promotion rate 6.00 6.00 9.00 10.00 12.00 14.00 25% 2 Access Bank Zambia Limited 4.00 4.00 15.75 16.00 16.70 17.00 17.50 3 BancABC Zambia Limited 2.00 2.00 21.00 21.00 22.00 23.00 24.50 4 Bank of China Zambia Limited NIL NIL 0.10 0.10 0.10 0.20 0.30 5 Barclays Bank Zambia Plc 1.50 various 6.00 NIL 8.00 10.50 12.00 6 Cavmont Bank Limited 3.00 3.00 3.00 4.00 5.00 5.50 8.00 7 Citibank Zambia Limited N/A N/A Max. 14.00 Max. 14.00 Max. 16.80 Max. 20.50 Max. 20.50 8 Ecobank Zambia Limited 3.00 5.00 13.00 14.00 15.00 17.00 19.00 9 Finance Bank Zambia Limited 2.00 2.00 3.00 3.50 4.50 6.00 7.00 First Alliance Bank Zambia 10 Limited 3.00 3.00 N/A N/A N/A 6.00 6.00 11 First Capital Bank Zambia Limited 3.00 3.00 12.00 14.00 16.00 18.00 20.00 First National Bank Zambia 12 Limited 2.50 2.50 4.00 4.50 5.00 6.00 7.00 3.5% to 6% 13 Indo-Zambia Bank Limited based on 3.50 Account Type 5.00 5.00 6.00 7.00 8.00 14 Intermarket Banking Limited 15 Investrust Bank Plc NIL 3.00 5.00 7.00 8.00 9.50 10.50 16 Stanbic Bank Zambia Limited NIL 1.50 15.00 16.00 17.00 18.00 19.00 Standard Chartered Bank Zambia 17 Plc 1.00 2.00 14.00 16.00 17.00 18.50 21.00 18 United Bank for Africa (Z) Limited 3.00 3.00 9.00 10.00 11.00 12.00 15.00 Zambia National Commercial 19 Bank Plc 2.00 2.00 6.00 7.00 9.00 11.00 14.00 INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 31 DECEMBER 2016 LENDING INTEREST RATES (EXPRESSED AS ANNUAL RATES ) PERSONAL LOANS (%) MORTGAGE LOANS (%) LENDING TO SMEs (%) Salary Backed Other Loans BOZ Policy Rate (BPR SNo. BANK (%) Margin above Lending Margin above BOZ Lending Margin above BOZ Lending Interest Lending Interest Margin above BOZ Rate BOZ Rate Interest Rate Rate Interest Rate Rate Rate Rate 1 AB Bank Zambia Limited 15.50 16.90 32.40 NIL NIL NIL NIL 64.49 79.99 2 Access Bank Zambia Limited 15.50 14.11 30.28 17.00 32.50 14.50 30.00 15.35 30.87 3 BancABC Zambia Limited 15.50 19.50 35.00 19.50 35.30 NIL NIL 19.50 35.00 4 Bank of China Zambia Limited 15.50 0-15.50 16.00 0-15.50 16.00 0-15.50 16.00 0-15.50 16.00 5 Barclays Bank Zambia Plc 15.50 29.25 44.75 N/A N/A 26.50 42.00 N/A N/A 6 Cavmont Bank Limited 15.50 19.50 35.00 19.50 35.00 19.50 35.00 19.50 35.00 7 Citibank Zambia Limited 15.50 N/A N/A N/A N/A N/A N/A N/A N/A 8 Ecobank Zambia Limited 15.50 19.50 35.00 19.50 35.00 19.50 35.00 19.50 35.00 19.00 34.50 (BPR 34.50 (BPR PLUS 19.00 (MAXIMUM 34.50 (BPR PLUS 9 Finance Bank Zambia Limited 15.50 (MAXIMUM PLUS MAXIMUM MAXIMUM N/A N/A 19.00 (MAXIMUM MARGIN) MARGIN) MAXIMUM MARGIN) MARGIN) MARGIN) MARGIN) First Alliance Bank Zambia 10 15.50 9.00 22.00 9.00 22.00 NIL NIL 9.00 22.00 Limited 11 First Capital Bank Zambia Limited 15.50 22.00 37.50 22.00 37.50 NIL NIL 22.00 37.50 First National Bank Zambia 12 15.50 8.75 20.50 NIL NIL 6.40 16.00 11.00 20.50 Limited 13 Indo-Zambia Bank Limited 15.50 20.50 36.00 20.50 36.00 20.50 36.00 19.50 35.00 14 Intermarket Banking Limited 15 Investrust Bank Plc 15.50 24.50 40.00 24.50 40.00 N/A N/A 24.50 40.00 16 Stanbic Bank Zambia Limited 15.50 24.50 40.00 24.50 40.00 14.50 30.00 21.50 37.00 Standard Chartered Bank Zambia 17 15.50 16.50 32.00 14.50 30.00 12.00 27.50 14.50 30.00 Plc 18 United Bank for Africa (Z) Limited 15.50 6.50 22.00 NIL NIL 3.50 19.00 5.50 21.00 Zambia National Commercial 19 15.50 18.50 33.98 18.47 33.97 15.50 31.00 18.26 33.76 Bank Plc INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 31 DECEMBER 2016 MONTHLY MAINTENANCE FEES, MINIMUM BALANCE AND PENALTY FEES FOR BALANCES BELOW MINIMUM & OVERDRAWN ACCOUNT MONTHLY MAINTENANCE FEES (ZMW) PENALTY FEES FOR BALANCES BELOW OVERDRAWN MINIMUM BALANCE (ZMW) Current Account Savings Account MINIMUM (ZMW) ACCOUNT % SNo. BANK High-end High-end Market High-end Market Interest charge Basic Type Basic Type Basic Type Basic Type High-end Market Type Market Type Type Type (%) 1 AB Bank Zambia Limited NIL NIL NIL NIL NIL NIL NIL NIL NIL 2 Access Bank Zambia Limited 30.00 100.00 30.00 30.00 15.00 4,000.00 NIL 50.00 44.50 3 BancABC Zambia Limited 40.00 N/A 20.00 N/A 50.00 N/A N/A N/A 3.10 4 Bank of China Zambia Limited 25.00 25.00 25.00 25.00 500.00 500.00 75.00 75.00 N/A 5 Barclays Bank Zambia Plc 55.00 300.00 NIL NIL 500.00 200,000.00 5.00 PER DAY 5.00 PER DAY 25.00 6 Cavmont Bank Limited 70.00 100.00 35.00 80.00 30.00 2,000.00 30.00 30.00 35.00 Min BPR 15.5% plus 7 Citibank Zambia Limited NIL NIL NIL NIL N/A N/A N/A N/A 11%, Max BPR plus margin of 16.5% 15.50%+24.50%= 8 Ecobank Zambia Limited 50.00 200.00 15.00 NIL 50.00 1,000.00 - - 40.00 9 Finance Bank Zambia Limited NIL NIL 20.00 N/A 50.00 1,000.00 20.00 per incident 100.00 per incident 34.50 ZMW 25.00 PER 250.00 First Alliance Bank Zambia MONTH WHERE MIN INDIVIDUAL, 10 N/A N/A N/A NIL 15.00 N/A N/A Limited BAL OF USD 1,000 IS 1,000.00 NOT MAINTAINED. CORPORATE 11 First Capital Bank Zambia Limited 35.00 75.00 20.00 35.00 NIL 5,000.00 100.00 100.00 45.00 First National Bank Zambia 12 25.00 120.00 12.00 NIL 50.00 NIL NIL NIL MPC + 25.5%=41% Limited ### Indo-Zambia Bank Limited 100.00 NIL 5.00 30.00 40.00 500.00 25.00 25.00 36.00 14 Intermarket Banking Limited 15 Investrust Bank Plc 100.00 N/A 30.00 N/A 30.00 NIL 20.00 N/A 18.25 16 Stanbic Bank Zambia Limited 57.00 275.00 2.00 19.00 60.00 NIL NIL NIL BPR +15.50 5 30% FOR INDIVIDUAL Standard Chartered Bank Zambia SAVINGS 1,500.00 17 50.00 60.00 50.00 50.00 500.00 50.00 50.00 & 30% FOR NON Plc CURRENT 500.00 INDIVIDUAL 18 United Bank for Africa (Z) Limited 30.00 55.00 5.00 10.00 20.00 7,500.00 NIL NIL NIL BOZ Policy rate + 35.00 or equivalent for Zambia National Commercial 40.00 Personal, 12.00 Personal , 40.00 Personal, 85.00 50.00 Personal, 750.00 for Personal, margin, USD Base 19 5.00 15.00 Personal Personal & 50.00 or Bank Plc 100.00 SME 70.00 SME SME 500.00 SME 1,200.00 for SME rate + margin for equivalent SME Personal & SME INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 31 DECEMBER 2016 WITHDRAWAL, ATM AND DEPOSIT, BALANCE INQUIRIES AND OVERDRWAWN ACCOUNT CHARGES WITHDRAWAL (ZMW) DEPOSIT (ZMW) GENERAL CHARGES (ZMW) ATM Per Transaction Cash Cheque Balance Inquires SNo. BANK Over the counter Over The Other Bank's Mobile Own Bank Other banks International Own Bank Other Banks Counter Over the Counter Own Bank's ATM ATM Banking 0.30%, 4 Withdraws on Saving Acc free, 0.60 1 AB Bank Zambia Limited builk cash withdrawls on Current Acc & 0.65 on Savings Acc NIL NIL NIL NIL NIL 30.00 NIL NIL NIL NIL 2 Access Bank Zambia Limited 5.00 5.00 10.00 NIL NIL NIL NIL NIL NIL NIL NIL 3 BancABC Zambia Limited 20.00 5.00 5.00 1% OF TRXN N/A N/A N/A 1.50 1.50 NIL N/A 0.05% if amount 4 more than Bank of China Zambia Limited N/A N/A N/A N/A 200,000.00 NIL NIL N/A N/A NIL N/A 5 Barclays Bank Zambia Plc 50.00 5.00 7.00 20.00 NIL NIL NIL NIL NIL NIL NIL 6 Cavmont Bank Limited 20.00 5.00 10.00 10.00 NIL NIL NIL N/A 0.50 0.50 N/A FCY only 1.5% min 7 Citibank Zambia Limited USD15.00 N/A N/A N/A NIL NIL NIL NIL N/A N/A N/A 8 Ecobank Zambia Limited 58.00 2.00 9.00 11.00 NIL NIL NIL NIL 1.20 2.50 1.20 BUREAUS 0.2%; OTHERS NIL FOR AMOUNTS UP TO 9 Finance Bank Zambia Limited 150,000.00; ABOVE 150,000.00 = 30.00 7.00 7.00 10.00 150.00 NIL NIL 15.00 3.00 N/A NIL First Alliance Bank Zambia 10 NIL Limited NIL 5.00 7.50 25.00 NIL NIL NIL 3.00 5.00 N/A 11 First Capital Bank Zambia Limited NIL 10.00 3.00 N/A N/A NIL NIL NIL NIL NIL NIL NIL UP TO 5,000 First National Bank Zambia 12 THEREAFTER Limited 0.25% OF VALUE 130.00 7.50 19.50 32.50 NIL NIL 12.50 NIL 5.00 NIL FREE UPTO K50,000 (K3.00 PER K5,000.00 13 Indo-Zambia Bank Limited OR PART THEREOF MAX 30.00 6.00 12.00 25.00 K150.00) NIL NIL NIL NIL 3.00 NIL 14 Intermarket Banking Limited 15 Investrust Bank Plc 40.00 8.00 15.00 25.00 100.00 N/A N/A 2.00 7.00 5.00 2.00 0.0 (89.00 - WITHIN 16 Stanbic Bank Zambia Limited ATM LIMIT) 6.00 10.00 15.00 NIL NIL NIL 15.00 NIL NIL NIL Standard Chartered Bank Zambia 17 Plc 100.00 8.00 NIL 25.00 NIL NIL NIL NIL N/A NIL NIL United Bank for Africa (Z) 18 Limited NIL 3.00 13.00 15.00 NIL NIL NIL NIL NIL NIL N/A K50.00 for Personal SME Savings & Savers monthly 4 free withdrawal K50.00 for extra withdrawals 15.00 + 1.5% , max 6.50 for 3.50 for Zambia National Commercial Excessive encashment 50.00 for Personal, NIL for Personal & 10.00 for personal; Free for Personal & 10.00 for ATM eligible 2.00 for Personal and 2.00 for 19 Personal; 9.00 N/A Personal and Bank Plc of K25,000.00 and 15.00 + 1.5% max SME 3.00 for SME SME Accounts, free for others SME Personal SME SME above = K250.00 plus 50.00 for SME 0.2% for amount above K25,000.00 plus VAT for both Personal & SME INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 31 DECEMBER 2016 FUNDS TRANSFERS INTERNET AND TELEPHONE BANKING (Amounts in ZMW unless stated otherwise) FUNDS TRANSFERS (ZMW) INTERNET BANKING (ZMW) TELEPHONE BANKING (ZMW) Electronic SNo.
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