During the Annual Management Conference in Vienna last February, the BCC family felt the call of history. With each passing year our destiny becomes clearer to us. We are becoming one of the major financial institutions in the world and we are destined to play an important role in the global financial community and in the world at large.
A key factor in the phenomenal progress of BCC towards the fulfilment of its destiny has been the emphasis we have always placed on securing dollar deposits. Why? Because the dollar is our home currency, our bank's balance sheet is dollar based, and, in this Year of Marketing, dollar deposits are assuming an even greater importance in the growth of BCC.
BCC Zambia was incorporated in May 1980 and 18 months later, in October 1981, operations began in Lusaka, the nation's capital. At that time, BCC was starting operations in several African countries, and the story of BCC Zambia is a good example of the success that the Group has experienced in many parts of Africa. BCC was only the second bank to open in Zambia since independence in 1964, and in its early days BCC Zambia faced stiff competition from long established banks. Progress in 1982 was satisfactory, but the following year saw a marked increase in deposits.
Read the full issue here: BCC International - No. 25