Monday, 9 November 2026Lusaka, Zambia
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Money & Credit

Bank Loans to Trade

Commercial banks’ kwacha loans to wholesale and retail trade, kwacha billions.

K8.2bnAug 2026−3.9%on the month−18.5%on the year
12-month average9.1
Record high10.6Nov 2025
Record low0.5Apr 2008
Observations224since Jan 2008

Bank Loans to Trade, Jan 2008 to Aug 2026

02.557.51012.520082011201420172020202320268.2

Show the numbers
MonthBank Loans to Trade (ZMW bn)
Aug 20268.2
Jul 20268.5
Jun 20268.2
May 20268.8
Apr 20269.4
Mar 20269.0
Feb 20268.8
Jan 20269.5
Dec 20259.0
Nov 202510.6
Oct 20259.5
Sep 20259.7
Aug 202510.0
Jul 20259.7
Jun 202510.5
May 202510.2
Apr 202510.4
Mar 20259.9
Feb 20259.6
Jan 20258.9
Dec 20249.3
Nov 20249.0
Oct 20249.0
Sep 20248.5
Aug 20248.7
Jul 20248.1
Jun 20247.8
May 20248.0
Apr 20247.5
Mar 20246.7
Feb 20247.5
Jan 20247.9
Dec 20237.7
Nov 20236.9
Oct 20236.7
Sep 20237.0
Aug 20236.2
Jul 20235.7
Jun 20235.3
May 20235.3
Apr 20235.0
Mar 20235.1
Feb 20235.2
Jan 20235.3
Dec 20224.9
Nov 20224.6
Oct 20224.0
Sep 20224.1
Aug 20223.7
Jul 20223.6
Jun 20224.0
May 20224.1
Apr 20224.0
Mar 20223.9
Feb 20223.5
Jan 20223.5
Dec 20214.0
Nov 20214.1
Oct 20213.9
Sep 20213.8
Aug 20213.5
Jul 20213.7
Jun 20214.0
May 20213.6
Apr 20213.3
Mar 20213.7
Feb 20213.7
Jan 20213.7
Dec 20203.7
Nov 20204.0
Oct 20203.7
Sep 20203.7
Aug 20203.6
Jul 20203.5
Jun 20203.4
May 20203.5
Apr 20204.1
Mar 20203.7
Feb 20203.9
Jan 20204.2
Dec 20194.1
Nov 20194.6
Oct 20194.3
Sep 20193.6
Aug 20193.4
Jul 20193.3
Jun 20193.5
May 20193.3
Apr 20193.4
Mar 20193.3
Feb 20193.1
Jan 20193.4
Dec 20183.2
Nov 20183.2
Oct 20183.7
Sep 20183.5
Aug 20183.3
Jul 20182.8
Jun 20182.8
May 20182.6
Apr 20182.4
Mar 20182.7
Feb 20182.7
Jan 20182.7
Dec 20172.8
Nov 20172.7
Oct 20172.3
Sep 20172.4
Aug 20172.5
Jul 20172.5
Jun 20172.4
May 20172.0
Apr 20172.2
Mar 20172.3
Feb 20172.4
Jan 20172.4
Dec 20162.4
Nov 20162.7
Oct 20162.6
Sep 20162.6
Aug 20162.7
Jul 20162.9
Jun 20162.7
May 20162.7
Apr 20162.4
Mar 20162.7
Feb 20162.4
Jan 20162.6
Dec 20152.8
Nov 20152.6
Oct 20152.4
Sep 20152.5
Aug 20152.2
Jul 20152.3
Jun 20152.2
May 20152.0
Apr 20152.0
Mar 20152.1
Feb 20151.8
Jan 20151.8
Dec 20141.7
Nov 20141.8
Oct 20141.9
Sep 20141.9
Aug 20141.8
Jul 20141.8
Jun 20142.0
May 20142.1
Apr 20142.0
Mar 20142.4
Feb 20142.5
Jan 20141.8
Dec 20131.7
Nov 20131.7
Oct 20131.8
Sep 20131.6
Aug 20131.6
Jul 20131.5
Jun 20131.4
May 20131.3
Apr 20131.3
Mar 20131.2
Feb 20131.2
Jan 20131.1
Dec 20121.1
Nov 20121.3
Oct 20121.2
Sep 20121.2
Aug 20121.2
Jul 20121.1
Jun 20121.2
May 20121.1
Apr 20121.2
Mar 20121.2
Feb 20121.1
Jan 20121.1
Dec 20111.2
Nov 20111.1
Oct 20111.2
Sep 20111.1
Aug 20111.1
Jul 20111.3
Jun 20111.3
May 20111.1
Apr 20111.1
Mar 20111.0
Feb 20111.0
Jan 20111.0
Dec 20101.0
Nov 20101.0
Oct 20101.0
Sep 20101.1
Aug 20101.0
Jul 20101.0
Jun 20101.0
May 20100.9
Apr 20101.0
Mar 20101.0
Feb 20101.0
Jan 20100.8
Dec 20090.8
Nov 20090.9
Oct 20090.9
Sep 20090.9
Aug 20090.9
Jul 20090.8
Jun 20090.8
May 20090.7
Apr 20090.7
Mar 20090.8
Feb 20090.8
Jan 20090.8
Dec 20080.8
Nov 20080.8
Oct 20080.9
Sep 20080.8
Aug 20080.8
Jul 20080.7
Jun 20080.6
May 20080.6
Apr 20080.5
Mar 20080.7
Feb 20080.7
Jan 20080.6

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.

-50050100150200920112013201520172019202120232025

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 (Kwacha)K108.6bn+5.2%m/m+17.0%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 2026

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