Finance Bank Zambia
| Finance Bank Zambia Ltd | |
|---|---|
| legal form | GmbH |
| founding | around 1985 |
| Seat | Lusaka |
| management | Rajan L. Mahtani |
| Number of employees | 576 (December 31, 2005) |
| sales | US $ 28 million (2005 operating income) |
| Branch | Financial industry |
| Website | http://www.financebank.co.zm/ |
Finance Bank Zambia , also FBZ , is a subsidiary of Citigroup in Zambia . Its head office in Zambia is the Chanik House on Cairo Road in Lusaka . It is licensed under the Zambia Banking and Financial Services Act 1994 . It has 33 branches, 9 agencies and 9 field offices in Zambia. This makes it the one with the densest presence in Zambia after the Zambia National Commercial Bank . It is represented in at least three places in each province.
FBZ is the leading private bank in Zambia. She has been working since 2003 on the basis of a management contract with Loita Capital Partners International , a development and funding organization for the African banking market, and in cooperation with the World Bank . It sees itself as a local bank that offers its customers access to the Zambian market, that of COMESA and that of Central Africa. It seems to be part of the strategy to have representative offices near or directly on the borders with Malawi , Zimbabwe , Angola , the Democratic Republic of the Congo and Namibia . In the financial market, it targets the small and medium-sized enterprise segment. For this she has a portfolio of US $ 21 million. The FBZ works successfully with increasing volumes and profits. It is in direct competition with Cavmont Capital Bank and Lima Bank .