zambia limited type private industry financial services founded 1986 headquarters finance house cairo road lusaka zambia key people rajan mahtani chairman barkat ali managing director & ceo 1 products loans checking savings investments debit cards revenue aftertax us 10.8 million 2009 total assets us 370 million 2009 2 number of employees 1 000 2011 website homepage finance bank zambia limited fbz commonly referred to as finance bank is a commercial bank in zambia . it is one of the commercial banks in the country licensed by the bank of zambia the national banking regulator . 3 the bank has a subsidiary ; zambezi portland cement limited in which the bank maintains 100 % shareholding . 4 contents 1 overview 2 history 3 ownership 4 branch network 5 seizure by central bank 6 return to original owners 7 acquisition by atlas mara 8 see also 9 references 10 external links overview edit fbz is a medium sized retail bank serving individuals and businesses across zambia . as of september 2009 update the bank controlled approximately us 370 million in assets with shareholders equity of approximately us 41.6 million . 5 as of december 2011 the bank employed in excess of 1 000 individuals . 6 history edit the bank was established in 1986 having acquired a banking license from the bank of zambia the national banking regulator . the registered offices of the bank are at 226 finsbury house buteko avenue ndola zambia . 7 in may 2012 published zambian press reported that the bank was considering opening a subsidiary in neighboring malawi . 8 ownership edit as of january 2012 update the ownership of the stock of the bank is as depicted in the table below 9 finance bank zambia limited stock ownership rank name of owner percentage ownership 1 credit suisse nbv of amsterdam netherlands 40.00 2 finsbury investments of ndola zambia 25.00 3 clarkwell investments of tortilla british virgin islands 25.00 4 job albert samuel of etobicoke ontario canada 06.50 5 estate of the late pat bwalya puta of ndola zambia 02.50 5 patrick chamunda of kitwe zambia 01.00 total 100.00 branch network edit as of june 2012 update fbz maintains a main office and a network of forty five branches at the following locations 10 head office finance house cairo road lusaka chipata branch chipata chinsali branch chinsali chirundu branch chirundu chingola branch chingola choma branch choma chongwe branch chongwe isoka branch isoka kabompo branch kabompo kabwe branch kabwe kalomo branch kwame nkrumah road kalomo kaoma branch freedom way kaoma zambia kasama branch workmen s compensation house kasama kasumbalesa branch congo road kasumbalesa chililabombwe branch chililabombwe katete branch katete kitwe branch mukuba pension house obote avenue kitwe livingstone branch livingstone lusaka airport branch lusaka international airport lusaka arcades branch lusaka arcades lusaka lusaka downtown branch downtown shopping complex lusaka lusaka kamwala branch kamwala lusaka lusaka longacres branch longacres shopping center lusaka lusaka industrial branch lusaka industrial area lumumba road lusaka university of zambia branch great east road campus university of zambia lusaka lusaka mulungushi branch great east road lusaka luanshya branch butungwa avenue luanshya mansa branch mansa mbala branch mbala monze branch monze mpika branch mpika mpulungu branch mpulungu mufulira branch accra road mufulira mwinilunga branch mwinilunga nakonde branch nakonde ndola branch finance house president avenue ndola samfya branch samfya serenje branch serenje sesheke branch sesheke solwezi branch independence avenue solwezi mongu branch mongu mansa branch mansa gwembe branch gwembe kazungula branch kazungula levy branch levy business park lusaka manda hill branch manda hill shopping mall lusaka seizure by central bank edit on 10 december 2010 the bank of zambia the national banking regulator seized finance bank citing illegal activity by the bank s shareholders directors management and senior staff . the central bank fired the bank s board of directors and entire management team . bank of zambia appointed firstrand bank as caretaker of finance bank zambia until the ongoing investigations are concluded . 11 return to original owners edit in october 2011 following the election of a new president in the country and his selection of a new cabinet of ministers president michael sata reversed the sale of finance bank zambia fbz to first national bank fnb and ordered that the bank be returned to the original owners . 12 acquisition by atlas mara edit on 2 november 2015 atlas mara announced that it would be acquiring finance bank of zambia and merge its operations to those of bancabc zambia . this would result in the creation of zambia s largest bank by branch network and fifth largest bank by assets . 13 see also edit list of banks in zambia bank of zambia economy of zambia references edit finance bank board of directors september 2009 total assets list of licensed commercial banks in zambia zambezi portland cement limited is subsidiary of fbz september 2009 financial statement employees in excess of 1 000 finance bank zambia limited registered office in ndola finance bank considering entering malawi shareholding in finance bank zambia limited branches of finance bank zambia limited finance bank taken over by central bank bank of zambia hands fbz back to owners atlas mara to acquire finance bank of zambia plc . http www.investis.com . atlas mara limited . 2 november 2015 . retrieved 2015 11 13 . external link in website help external links edit website of finance bank zambia limited website of bank of zambia retrieved from https en.wikipedia.org w index.php title finance bank zambia limited & oldid 731212145 categories banks of zambiacompanies of zambiaeconomy of zambiabanks established in 1986ndola1986 establishments in zambiahidden categories cs1 errors external linksarticles containing potentially dated statements from september 2009all articles containing potentially dated statementsarticles containing potentially dated statements from january 2012articles containing potentially dated statements from june 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 23 july 2016 at 20 42 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit 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