Monday, 9 November 2026Lusaka, Zambia
Zambia's Independent Voice on Technology, Economics & Markets
Banking & Liquidity

Banks’ Current Account Balances

Banks’ spare cash at the Bank of Zambia, monthly average, kwacha billions: the usual gauge of liquidity in the market.

K7.0bnSep 2026−8.9%on the month+35.7%on the year
12-month average4.9
Record high7.7Aug 2026
Record low0.4Aug 2019
Observations165since Jan 2013

Banks’ Current Account Balances, Jan 2013 to Sep 2026

024681020132015201720192021202320257.0

Show the numbers
MonthBanks’ Current Account Balances (ZMW bn)
Sep 20267.0
Aug 20267.7
Jul 20265.1
Jun 20265.1
May 20263.8
Apr 20263.8
Mar 20264.0
Feb 20264.9
Jan 20264.9
Dec 20254.1
Nov 20255.3
Oct 20253.2
Sep 20255.2
Aug 20256.1
Jul 20252.9
Jun 20252.2
May 20252.8
Apr 20252.1
Mar 20253.8
Feb 20253.9
Jan 20255.2
Dec 20244.5
Nov 20245.0
Oct 20244.9
Sep 20244.5
Aug 20243.6
Jul 20243.7
Jun 20243.1
May 20241.0
Apr 20241.3
Mar 20241.5
Feb 20241.3
Jan 20242.3
Dec 20232.7
Nov 20233.4
Oct 20235.0
Sep 20235.3
Aug 20233.4
Jul 20233.8
Jun 20235.7
May 20233.8
Apr 20231.8
Mar 20232.1
Feb 20231.6
Jan 20232.1
Dec 20222.0
Nov 20221.8
Oct 20222.6
Sep 20222.3
Aug 20222.9
Jul 20221.5
Jun 20222.0
May 20222.6
Apr 20222.4
Mar 20223.4
Feb 20223.5
Jan 20223.2
Dec 20214.6
Nov 20212.8
Oct 20212.8
Sep 20217.0
Aug 20215.0
Jul 20213.3
Jun 20212.2
May 20212.8
Apr 20213.6
Mar 20213.7
Feb 20211.6
Jan 20211.8
Dec 20203.3
Nov 20203.4
Oct 20204.0
Sep 20204.1
Aug 20203.8
Jul 20204.2
Jun 20202.6
May 20201.6
Apr 20201.1
Mar 20200.9
Feb 20201.1
Jan 20201.5
Dec 20191.4
Nov 20191.1
Oct 20191.1
Sep 20191.7
Aug 20190.4
Jul 20190.5
Jun 20190.8
May 20190.8
Apr 20191.2
Mar 20191.5
Feb 20190.9
Jan 20190.9
Dec 20181.3
Nov 20180.8
Oct 20180.8
Sep 20181.2
Aug 20181.2
Jul 20180.6
Jun 20181.0
May 20180.7
Apr 20180.6
Mar 20181.0
Feb 20180.8
Jan 20180.8
Dec 20170.9
Nov 20170.9
Oct 20170.6
Sep 20170.8
Aug 20171.5
Jul 20171.0
Jun 20171.6
May 20171.4
Apr 20170.5
Mar 20171.5
Feb 20171.8
Jan 20172.5
Dec 20162.5
Nov 20161.9
Oct 20161.4
Sep 20161.0
Aug 20160.9
Jul 20160.7
Jun 20160.7
May 20161.3
Apr 20161.8
Mar 20161.1
Feb 20160.7
Jan 20160.8
Dec 20150.7
Nov 20150.6
Oct 20151.2
Sep 20151.2
Aug 20150.9
Jul 20150.8
Jun 20151.1
May 20151.3
Apr 20151.0
Mar 20151.1
Feb 20151.6
Jan 20152.0
Dec 20141.9
Nov 20141.5
Oct 20141.5
Sep 20141.8
Aug 20141.2
Jul 20141.1
Jun 20140.7
May 20140.9
Apr 20140.8
Mar 20140.6
Feb 20141.6
Jan 20141.7
Dec 20130.8
Nov 20130.8
Oct 20131.2
Sep 20131.2
Aug 20131.1
Jul 20131.0
Jun 20130.9
May 20130.8
Apr 20131.1
Mar 20130.8
Feb 20131.0
Jan 20132.1

Source: Bank of Zambia. Monthly. Gaps in the line are months with no published figure.

Change on a year earlier

Each bar is this month against the same month twelve months before — the comparison that strips out the seasonal pattern.

-20002004006008002014201620182020202220242026

IncreaseDecrease

Related analysis

View all

Nothing published on this indicator yet. KSJ analysis appears here as it is written.

More in Banking & Liquidity

View all
Liquid Assets Ratio59.07%−7.86 ppm/m−51.70 ppy/ySep 2026Required Liquid Assets Ratio6.00%0.00 ppm/m0.00 ppy/ySep 2026Statutory Reserve Ratio22.20%−0.15 ppm/m−4.37 ppy/ySep 2026Required Reserve Ratio21.00%0.00 ppm/m−5.00 ppy/ySep 2026Bank Deposits (Kwacha)K130.3bn+1.1%m/m+24.9%y/ySep 2026Bank Deposits (Foreign Currency)$4,624.1m+0.9%m/m+9.4%y/ySep 2026Banking System Claims on GovernmentK74.8bn−8.0%m/m+25.2%y/ySep 2026

Get the KSJ Brief

The stories that matter in Zambian business, technology and policy, in your inbox.

Free, no spam. Unsubscribe any time. See our privacy policy.