Finance Bank Zambia Limited

BancABC Zambia Limited was established in the early 2000s, as part of the BancABC conglomerate. In August 2015, Atlas Mara acquired 100 percent shareholding in BancABC.

Finance Bank Zambia Limited was established in 1986, having acquired a banking license from the Bank of Zambia. Its registered offices and main branch were located in Ndola, Zambia.

In November 2015 Atlas Mara, the parent of BancABC Zambia Limited, declared their intentions to acquire 100 percent shareholding in Finance Bank Zambia via stock and cash. The acquisition required regulatory approval.

On 1 July 2016, Atlas Mara completed the acquisition of FBZ Limited, for US$61 million in cash, 3.3 million shares of Atlas Mara stock and a deferred contingent consideration of up to 1.3 million shares. Atlas Mara announced that they planned to merge both FBZ Limited, which they had just acquired, with BancABC Zambia, which they already owned.

In 2021, Access Bank Zambia announced its intentions to merge with Atlas Mara and the acquisition and merge was completed in 2024.

Location

The headquarters of the bank and its main branch, are located in Atlas Mara House, at the corner of Church Road and Nasser Road, in the city of Lusaka, the capital and largest city of Zambia. The coordinates of the bank's headquarters are: 15°25'08.0"S, 28°18'02.0"E (Latitude:-15.418889; Longitude:28.300556).

Branch Network

As of December 2016, Atlas Mara Bank Zambia, maintained a main office and a network of 65 stand-alone branches and 24 agencies, in all major metropolitan areas of Zambia.