First Capital Bank Zambia Limited, is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Zambia Zambia, officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa. It is typically referred to being in South-Central Africa or Southern Africa. It is bor ...

that is licensed by the

Bank of Zambia The Bank of Zambia (BoZ), is the central bank of Zambia. Overview The principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country. The Bank is active in promoting financ ...

, the national banking regulator. It is a subsidiary of FMBCapital Holdings Plc, a financial services conglomerate, based in

Mauritius Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...

, whose shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

are listed on the Malawi Stock Exchange and has

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

Botswana Botswana, officially the Republic of Botswana, is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the sou ...

Malawi Malawi, officially the Republic of Malawi, is a landlocked country in Southeastern Africa. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south, and southwest. Malawi spans over and ...

Mozambique Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Afr ...

, Zambia and

Zimbabwe file:Zimbabwe, relief map.jpg, upright=1.22, Zimbabwe, relief map Zimbabwe, officially the Republic of Zimbabwe, is a landlocked country in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Bots ...

Location

The

headquarters Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...

of the bank and its main branch, are located at First Capital House, Stand No. 30078, Corner Chilubi Road and Church Road,Fairview Area, in

Lusaka Lusaka ( ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about . , the city's population was abo ...

, Zambia's capital city. The

geographical coordinates A geographic coordinate system (GCS) is a spherical or geodetic coordinate system for measuring and communicating positions directly on Earth as latitude and longitude. It is the simplest, oldest, and most widely used type of the various s ...

of the bank's headquarters are:15°24'55.0"S, 28°17'47.0"E (

Latitude In geography, latitude is a geographic coordinate system, geographic coordinate that specifies the north-south position of a point on the surface of the Earth or another celestial body. Latitude is given as an angle that ranges from −90° at t ...

:-15.415278;

Longitude Longitude (, ) is a geographic coordinate that specifies the east- west position of a point on the surface of the Earth, or another celestial body. It is an angular measurement, usually expressed in degrees and denoted by the Greek lett ...

:28.296389).

Overview

First Capital Bank Zambia Limited is a subsidiary of FMBcapital Holdings PLC. It is full-service commercial bank offering financial products and services to all sectors in the Zambian market. The bank offers a comprehensive range of services with a flexible and innovative customer-focused approach servicing the needs of customers in the Premier Banking, Corporate and Commercial Banking, and Institutional Banking sectors. The Bank currently has 7 branches and 1 agency: Six in Lusaka and two on the Copperbelt (Ndola and Kitwe). The Bank has over 165 employees who serve more than 10,500 clients. .

History

The bank was established in 2010 as International Commercial Bank Zambia. In 2013,

First Merchant Bank First Capital Bank Malawi Plc, formerly known as First Merchant Bank Plc, is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. It is a subsidiary of FMB Capital Holdings. ...

successfully acquired the subsidiaries of International Commercial Bank in Malawi, Mozambique and Zambia. Although the banking business of ICB Malawi was not viable, FMB would be able to enter into the other two countries through the acquisition. In December 2017, First Capital Bank Zambia became a subsidiary of First Merchant Bank Capital Holdings Plc, of

, whose shares trade on the Malawi

Stock Exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

(MSE), under the symbol: FMBCH In December 2019, First Capital Bank Zambia received a four-year loan worth US$10 million from the

Netherlands Development Finance Company FMO () is a Dutch development bank structured as a bilateral private-sector international financial institution based in the Hague, the Netherlands. Among others, FMO manages funds for the Ministries of Foreign Affairs and Economic Affairs of th ...

(FMO), for onward lending to SMEs in Zambia.

Ownership

The First Capital Bank Group maintains a 49 percent shareholding in First Capital Bank Zambia Limited.

Branches

The bank's headquarters are located at: First Capital House, Stand No. 30078, Corner Chilubi Road and Church Road, Fairview Area, Lusaka, Zambia. The bank maintains brick-and-mortar branches as these locations: # Kamwala Branch: Plot. 228, Chilibulu Road,

# Kitwe Branch: Ground Floor, Mudzi House, Plot. 189, Kanyanta Avenue,

Kitwe Kitwe is the third largest city in terms of infrastructure development (after Lusaka and Ndola) and second largest city in terms of size and population (after Lusaka) in Zambia. With a population of 517,543 (''2010 census provisional'') Kitwe is ...

# Lusaka Main Branch: First Capital House, Stand No. 30078, Corner Chilubi Road and Church Road, Fairview Area

# Cairo Road Branch: Plot. 10460, Cairo Road at Malasha Road, Northend, Lusaka # Industrial Area Branch: Shop Number 1, Stand Number 8357, Radian Park, Ground Floor, Building Number 1, Industrial Area, Lusaka # Makeni Branch: Stand Number 26592C, Kafue Road, Makeni, Lusaka # Ndola Branch: Shop Number 1, Rekay Shopping Mall, Plot. 10068, President Avenue, Building Number 1,

Ndola Ndola is the third largest city in Zambia in terms of size and population, with a population of 627,503 (''2022 census''), after the capital, Lusaka, and Kitwe, and the second largest in terms of infrastructure development after Lusaka. It is the I ...

# Chinika Agency: Plot No 8087 Export Trading Company Building Katanga Road Chinika, Heavy Industrial Area

Governance

Mark O’Donnell is the

Chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

and Hitesh Anadkat is the Vice Chairman of the eight-person Board of

Directors Director may refer to: Literature * ''Director'' (magazine), a British magazine * ''The Director'' (novel), a 1971 novel by Henry Denker * ''The Director'' (play), a 2000 play by Nancy Hasty Music * Director (band), an Irish rock band * ''D ...

. Andre Potgieter serves as the Interim Chief Executive Officer of the bank.

References

External links

Official Website
{{coord, 15, 24, 55, S, 28, 17, 47, E, display=title Banks of Zambia Lusaka Banks established in 2010 2010 establishments in Zambia FMBCapital Holdings Plc