Stanchart says innovation driving its successes, as staff rewarded with pay raise

Standard Chartered Bank Zambia Chief Executive Officer, Sonny Zulu, says the bank will navigate through and remain resilient by being more innovative in efforts to weather the storms of the current business environment.

The pronouncement came as the bank awarded its employees a raise in salaries and wages.

Zulu recalled that the financial institution had been through tough situations before which it overcame.

He said this at the signing of the collective agreement with Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) on Tuesday.

“This year is promising to be another challenging year but we have been through this in the past.

“In the same way that we successfully navigated through all the challenges in the past, I am confident that we will navigate through this year and we will come out strong as well as we remain the best customer service and digital bank in Zambia,” Zulu said.

On the salary increase, he argued that the increment did not only acknowledge the hard work of employees but was also a statement to fair, as well as, equitable compensation practices.

“By providing our employees with a competitive and rewarding remuneration package, we aim not only attract and retain top talent but also to ensure their continued motivation and engagement in driving our business forward, he said.

At the same event, ZUFIAW Lusaka District Chairperson, Victor Silungwe, encouraged the bank to ensure that the housing allowance was reflective of market prices.

Silungwe, however, acknowledged that the increase would go a long way in helping the workers meet their daily needs.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.