Monday, 9 November 2026Lusaka, Zambia
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Money & Credit

Bank Loans (Kwacha)

Commercial banks’ kwacha loans and advances, all sectors, kwacha billions.

K108.6bnAug 2026+5.2%on the month+17.0%on the year
12-month average102.0
Record high108.6Aug 2026
Record low5.9Jan 2008
Observations224since Jan 2008

Bank Loans (Kwacha), Jan 2008 to Aug 2026

02550751001252008201120142017202020232026108.6

Show the numbers
MonthBank Loans (Kwacha) (ZMW bn)
Aug 2026108.6
Jul 2026103.3
Jun 2026102.3
May 202698.6
Apr 202699.8
Mar 2026100.3
Feb 2026100.5
Jan 2026102.5
Dec 2025104.6
Nov 2025103.8
Oct 202598.4
Sep 2025101.4
Aug 202592.9
Jul 202585.9
Jun 202585.5
May 202586.8
Apr 202585.2
Mar 202585.4
Feb 202585.0
Jan 202582.0
Dec 202481.8
Nov 202480.0
Oct 202478.9
Sep 202479.1
Aug 202477.4
Jul 202476.1
Jun 202471.5
May 202473.5
Apr 202471.5
Mar 202470.0
Feb 202468.4
Jan 202471.6
Dec 202371.0
Nov 202367.7
Oct 202365.9
Sep 202363.9
Aug 202361.9
Jul 202358.3
Jun 202355.1
May 202353.9
Apr 202353.3
Mar 202356.0
Feb 202355.4
Jan 202353.9
Dec 202252.5
Nov 202249.8
Oct 202248.0
Sep 202246.3
Aug 202244.8
Jul 202245.5
Jun 202244.6
May 202243.8
Apr 202243.6
Mar 202244.5
Feb 202244.3
Jan 202244.5
Dec 202144.7
Nov 202146.1
Oct 202146.2
Sep 202146.3
Aug 202146.1
Jul 202148.5
Jun 202151.0
May 202149.9
Apr 202146.2
Mar 202144.8
Feb 202143.5
Jan 202143.1
Dec 202043.3
Nov 202043.7
Oct 202042.0
Sep 202040.4
Aug 202040.3
Jul 202038.9
Jun 202038.9
May 202039.7
Apr 202040.0
Mar 202039.1
Feb 202036.2
Jan 202035.9
Dec 201935.6
Nov 201936.1
Oct 201934.5
Sep 201933.3
Aug 201933.2
Jul 201932.9
Jun 201932.7
May 201933.2
Apr 201932.6
Mar 201931.1
Feb 201930.3
Jan 201930.5
Dec 201829.1
Nov 201829.1
Oct 201828.5
Sep 201829.1
Aug 201825.6
Jul 201825.0
Jun 201825.0
May 201825.0
Apr 201824.5
Mar 201824.0
Feb 201824.1
Jan 201824.2
Dec 201724.4
Nov 201724.7
Oct 201723.6
Sep 201723.7
Aug 201722.9
Jul 201723.0
Jun 201723.2
May 201722.7
Apr 201722.8
Mar 201722.8
Feb 201723.0
Jan 201723.4
Dec 201623.5
Nov 201624.2
Oct 201624.3
Sep 201624.7
Aug 201624.8
Jul 201625.8
Jun 201625.2
May 201626.0
Apr 201624.9
Mar 201626.4
Feb 201626.6
Jan 201626.8
Dec 201526.3
Nov 201525.7
Oct 201527.4
Sep 201527.0
Aug 201524.5
Jul 201523.4
Jun 201523.0
May 201522.9
Apr 201523.1
Mar 201522.8
Feb 201522.1
Jan 201521.7
Dec 201421.7
Nov 201421.9
Oct 201421.6
Sep 201421.7
Aug 201421.4
Jul 201421.2
Jun 201421.4
May 201421.5
Apr 201420.6
Mar 201420.0
Feb 201419.8
Jan 201419.6
Dec 201319.0
Nov 201319.4
Oct 201319.0
Sep 201318.6
Aug 201318.7
Jul 201318.4
Jun 201318.2
May 201317.6
Apr 201317.5
Mar 201316.6
Feb 201317.1
Jan 201316.8
Dec 201216.7
Nov 201216.7
Oct 201216.1
Sep 201214.1
Aug 201213.6
Jul 201213.2
Jun 201212.9
May 201212.7
Apr 201212.2
Mar 201212.1
Feb 201212.0
Jan 201211.9
Dec 201112.0
Nov 201111.9
Oct 201111.4
Sep 201111.2
Aug 201111.1
Jul 201110.8
Jun 201110.7
May 201110.2
Apr 20119.9
Mar 20119.8
Feb 20119.6
Jan 20119.6
Dec 20109.2
Nov 20109.2
Oct 20108.8
Sep 20108.7
Aug 20108.4
Jul 20108.3
Jun 20108.4
May 20108.3
Apr 20107.9
Mar 20107.9
Feb 20108.0
Jan 20107.9
Dec 20098.1
Nov 20098.3
Oct 20098.4
Sep 20098.3
Aug 20098.4
Jul 20098.5
Jun 20098.4
May 20098.4
Apr 20098.7
Mar 20098.8
Feb 20098.8
Jan 20098.4
Dec 20088.1
Nov 20088.0
Oct 20087.8
Sep 20087.2
Aug 20087.1
Jul 20086.8
Jun 20086.4
May 20086.3
Apr 20086.1
Mar 20086.1
Feb 20085.9
Jan 20085.9

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.

-200204060200920112013201520172019202120232025

IncreaseDecrease

Related analysis

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

More in Money & Credit

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Narrow Money (M1)K96.4bn+5.8%m/m+34.5%y/yAug 2026Broad Money (M2)K208.6bn+1.0%m/m+6.8%y/yAug 2026Broad Money (M3)K225.5bn+1.7%m/m+3.9%y/yAug 2026Broad Money Growth3.9%−3.75 ppm/m−12.02 ppy/yAug 2026Reserve MoneyK82.1bn−8.9%m/m+20.9%y/ySep 2026Currency in CirculationK24.9bn−3.5%m/m+8.8%y/ySep 2026Credit to the Private SectorK106.0bn+2.5%m/m+9.7%y/yAug 2026Bank Loans (Dollar)$2,401.3m+4.7%m/m+45.9%y/yAug 2026Bank Loans to AgricultureK13.5bn+29.1%m/m+35.9%y/yAug 2026Bank Loans to MiningK6.4bn+14.8%m/m+5.8%y/yAug 2026Bank Loans to ManufacturingK23.2bn+1.9%m/m−2.9%y/yAug 2026Bank Loans to EnergyK13.7bn+9.9%m/m+40.5%y/yAug 2026Bank Loans to TradeK8.2bn−3.9%m/m−18.5%y/yAug 2026

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