First Alliance Bank Zambia Limited
|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)|
|Total assets||US$41.5 million (2007)|
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. As of September 2008[update], it was one of the five commercial banks in Zambia that did not charge customers ATM fees.
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.
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.
|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|
The bank maintains three branches in the country, at the following locations: