First Alliance Bank Zambia Limited (FABZL), also known as First Alliance Bank (Zambia), is a commercial bank in Zambia. It is licensed by Bank of Zambia, the central bank and national banking regulator.[2]
The headquarters and main branch of the bank are located in Alliance House, at 627 Cairo Road, in the city of Lusaka, the capital and largest city of Zambia.[3] The geographical coordinates of the bank's headquarters are: 15°25'25.0"S, 28°16'57.0"E (Latitude:-15.423611; Longitude:28.282500).[4]
Overviewedit
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 2019[update], the bank controlled total assets of ZMW:940,577,000 (US$36.5 million), with shareholders' equity of ZMW:234,359,000 (US$9.1 million). At that time the bank employed 112 people.[1]
Historyedit
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.[5]
Ownershipedit
The stock of First Alliance Bank Zambia Limited is privately held by five individuals. The table below shows the ownership percentage of each shareholder, as of September 2019:[6]
First Alliance Bank Zambia Limited Stock Ownership
Rank
Name of Owner
Percentage Ownership
1
Sanmukh R. Patel
25.0
2
Daxa Patel
25.0
3
Mahendra Patel
25.0
4
Vasant Patel
24.0
5
Nitesh Patel
1.0
Total
100.00
Branch networkedit
The bank maintains five branches in the country, at the following locations, as of May 2018.[3]
^ abcdefFirst Alliance Bank (25 March 2020). "Annual Report and Financial Statements for the Year Ended 31 December 2019" (PDF). Lusaka: First Alliance Bank Zambia Limited. Retrieved 18 December 2020.
^Bank of Zambia (1 May 2018). . Lusaka: Bank of Zambia. Archived from the original on 21 June 2010. Retrieved 1 May 2018.
^ abFirst Alliance Bank (1 May 2018). "The Branch Network of First Alliance Bank Zambia Limited". Lusaka: First Alliance Bank Zambia Limited. Retrieved 1 May 2018.
^Google (1 May 2018). "Location of the Headquarters of First Alliance Bank Zambia Limited, Lusaka" (Map). Google Maps. Google. Retrieved 1 May 2018.
^First Alliance Bank Zambia (1 May 2018). "First Alliance Bank Zambia Limited: About Us". Lusaka: First Alliance Bank Zambia Limited. Retrieved 1 May 2018.
^First Alliance Bank Zambia (25 September 2019). "The Shareholders in First Alliance Bank Zambia Limited". Lusaka: First Alliance Bank Zambia Limited. Retrieved 25 September 2019.
first, alliance, bank, zambia, limited, fabzl, also, known, first, alliance, bank, zambia, commercial, bank, zambia, licensed, bank, zambia, central, bank, national, banking, regulator, company, typeprivateindustrybankingfoundedjanuary, 1994, years, 1994, head. First Alliance Bank Zambia Limited FABZL also known as First Alliance Bank Zambia is a commercial bank in Zambia It is licensed by Bank of Zambia the central bank and national banking regulator 2 First Alliance Bank Zambia LimitedCompany typePrivateIndustryBankingFoundedJanuary 1 1994 30 years ago 1994 01 01 HeadquartersLusaka ZambiaKey peopleSanmukh R PatelChairman Kuldip PaliwalManaging Director 1 ProductsLoans credit cards savings investments mortgagesRevenueAftertax ZMW 14 826 000 US 575 582 2019 1 Total assetsZMW 940 577 000 US 36 515 500 2019 1 Number of employees112 2019 1 WebsiteHomepage Contents 1 Location 2 Overview 3 History 4 Ownership 5 Branch network 6 Governance 7 See also 8 References 9 External linksLocation editThe headquarters and main branch of the bank are located in Alliance House at 627 Cairo Road in the city of Lusaka the capital and largest city of Zambia 3 The geographical coordinates of the bank s headquarters are 15 25 25 0 S 28 16 57 0 E Latitude 15 423611 Longitude 28 282500 4 Overview editFABZL 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 2019 update the bank controlled total assets of ZMW 940 577 000 US 36 5 million with shareholders equity of ZMW 234 359 000 US 9 1 million At that time the bank employed 112 people 1 History editThe 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 5 Ownership editThe stock of First Alliance Bank Zambia Limited is privately held by five individuals The table below shows the ownership percentage of each shareholder as of September 2019 6 First Alliance Bank Zambia Limited Stock Ownership Rank Name of Owner Percentage Ownership 1 Sanmukh R Patel 25 0 2 Daxa Patel 25 0 3 Mahendra Patel 25 0 4 Vasant Patel 24 0 5 Nitesh Patel 1 0 Total 100 00Branch network editThe bank maintains five branches in the country at the following locations as of May 2018 3 Main Branch Alliance House Cairo Road Lusaka Industrial Branch 5126 Lumumba Road Lusaka East Park Branch East Park Mall First Floor Unit D at the corner of Thabo Mbeki Road and Great East Road Lusaka Kitwe Branch 8721 City Gate Office Park President Avenue Kitwe Ndola Branch 16A President Avenue Ndola Governance editThe Chairman of the seven person Board of Directors is Sanmukh R Patel The Managing Director is Kuldip Paliwal The chairman is a shareholder in the bank 1 See also editList of banks in Zambia Bank of Zambia Economy of ZambiaReferences edit a b c d e f First Alliance Bank 25 March 2020 Annual Report and Financial Statements for the Year Ended 31 December 2019 PDF Lusaka First Alliance Bank Zambia Limited Retrieved 18 December 2020 Bank of Zambia 1 May 2018 List of Licensed Commercial Banks in Zambia Lusaka Bank of Zambia Archived from the original on 21 June 2010 Retrieved 1 May 2018 a b First Alliance Bank 1 May 2018 The Branch Network of First Alliance Bank Zambia Limited Lusaka First Alliance Bank Zambia Limited Retrieved 1 May 2018 Google 1 May 2018 Location of the Headquarters of First Alliance Bank Zambia Limited Lusaka Map Google Maps Google Retrieved 1 May 2018 First Alliance Bank Zambia 1 May 2018 First Alliance Bank Zambia Limited About Us Lusaka First Alliance Bank Zambia Limited Retrieved 1 May 2018 First Alliance Bank Zambia 25 September 2019 The Shareholders in First Alliance Bank Zambia Limited Lusaka First Alliance Bank Zambia Limited Retrieved 25 September 2019 External links editWebsite of FABZL Website of Bank of Zambia Archived 2010 06 21 at the Wayback Machine nbsp Banks portal Retrieved from https en wikipedia org w index php title First Alliance Bank Zambia Limited amp oldid 1218725002, wikipedia, wiki, book, books, library,
