AB BANK ZAMBIA APPOINTS NEW CEO

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Posted by admin on June 25, 2026 at 7:02 AM

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AB Bank Zambia has announced the appointment of Marcus Hannappel as its new Chief Executive Officer (CEO), effective 1 July 2026, marking the beginning of a new phase of leadership and growth.

Mr. Hannappel succeeds Maximo Mulenga, who is retiring after years of dedicated service and significant contributions to the bank’s growth and development.

The appointment was confirmed by the Shareholders and Board of Directors, who described Hannappel as a highly experienced banking professional with extensive expertise across African markets.

Board Chairperson Dr. Rolf Reichardt said Hannappel’s strong track record in financial inclusion, digital transformation, and sustainable growth positions him well to lead the bank into its next phase.

“His extensive experience in banking, digital financial services and institutional development, coupled with his understanding of our business and strategic direction, positions him well to lead the Bank into its next phase of growth,” Reichardt stated.

Reflecting on his tenure, outgoing CEO Maximo Mulenga said leading the institution had been a rewarding experience and expressed confidence in the bank’s future.

Mr. Hannappel, who previously served on the Board of Directors of AB Bank Zambia, said he was honoured to take on the role at a time when financial services are evolving rapidly.

“The Bank has built a strong foundation and a clear purpose, empowering individuals, entrepreneurs and businesses through accessible financial solutions,” Hannappel said.

He added that he looks forward to strengthening customer relationships, driving innovation, and building lasting value for communities.

AB Bank Zambia emphasised that the leadership transition reflects its continued focus on deepening customer engagement, supporting entrepreneurs and businesses, advancing innovation, and delivering long-term social and economic impact.