first alliance bank zambia limited type private industry banking founded 1994 headquarters lusaka zambia key people sanmukh r. patel chairman suresh k. gupta executive director products loans credit cards savings investments mortgages revenue pretax us 4.3 million 2007 1 total assets us 41.5 million 2007 website homepage first alliance bank zambia limited fabzl also known as first alliance bank zambia is a commercial bank in zambia . it is one of the commercial banks in the country licensed by bank of zambia the national banking regulator . 2 3 as of september 2008 update it was one of the five commercial banks in zambia that did not charge customers atm fees . 4 contents 1 overview 2 history 3 ownership 4 branch network 5 governance 6 see also 7 references 8 external links overview edit fabzl is a small financial services provider in zambia providing retail banking services to the communities it serves . its niche market is the corporate clients in the mining and manufacturing sectors of the zambian economy . as of december 2007 update the bank controlled total assets of approximately us 42 million with shareholders equity of approximately us 12.3 million . 5 history edit the bank was founded in 1994 by four businessmen each controlling an equal shareholding position . starting with one branch in lusaka zambia s capital and largest city the bank opened branches in other cities and towns in the country focusing on the copper belt region of the country . 6 ownership edit the stock of first alliance bank zambia limited is privately held by four individuals . the table below shows the ownership percentage of each shareholder 7 first alliance bank zambia limited stock ownership rank name of owner percentage ownership 1 sanmukh r. patel 25.0 2 suresh k. gupta 25.0 3 vasant r. patel 25.0 4 mahendra r. patel 25.0 total 100.00 branch network edit the bank maintains four branches in the country at the following locations 8 main branch alliance house cairo road lusaka industrial branch lusaka ndola branch ndola kitwe branch kitwe governance edit the chairman of the board of directors is sanmukh r. patel . the executive director is suresh gupta . both are shareholders in the bank . 9 see also edit list of banks in zambia bank of zambia economy of zambia references edit december 2007 pretax profit list of licensed commercial banks in zambia list of commercial banks operating in zambia fabzl charges no atm fees december 2007 balance sheet history of fabzl shareholders of fabzl branches of fabzl key people at fabzl external links edit website of fabzl website of bank of zambia company profile at goliath.com overview of zambian commercial banks september 2009 retrieved from https en.wikipedia.org w index.php title first alliance bank zambia limited & oldid 651589956 categories banks of zambiacompanies of zambiabanks established in 1994lusaka1994 establishments in zambiahidden categories articles containing potentially dated statements from september 2008all articles containing potentially dated statementsarticles containing potentially dated statements from december 2007 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 16 march 2015 at 05 09 . 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 organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view