First Alliance Bank Zambia Limited

First Alliance Bank Zambia Limited, commonly known as First Alliance Bank or FABZL, is a privately held commercial bank in Zambia. It is licensed by the Bank of Zambia, the country's central bank and banking regulator. The institution is headquartered at Alliance House on Cairo Road in Lusaka, where it also operates its main branch. The bank was established in 1994 by four businessmen who initially held equal shareholdings. It began with a single Lusaka branch and subsequently expanded its physical presence to other Zambian cities and towns. A significant part of that expansion was directed toward the Copperbelt, reflecting the importance of mining to the Zambian economy and the bank's stated focus on corporate customers in mining and manufacturing. FABZL combines retail banking with business-oriented financial services. Its retail role is reflected in its branch network and service to local communities, while its commercial positioning is associated with companies operating in industrial and resource-based sectors. Publicly documented operations include branches in Lusaka, Kitwe, and Ndola. The listed network has included the Main Branch at Alliance House, an Industrial Branch on Lumumba Road, a branch at East Park Mall in Lusaka, a Kitwe branch at City Gate Office Park, and a Ndola branch on President Avenue. The bank is not a listed company and is described as being owned by five private individuals. Public reference material identifies Sanmukh R. Patel as chairman of the seven-member board and Kuldip Paliwal as managing director. The available material does not provide a complete current executive roster or establish whether these officeholders remain in their roles today. At December 2019, the bank was reported to have total assets of approximately ZMW 940.6 million and shareholders' equity of approximately ZMW 234.4 million, with 112 employees. Those figures provide historical scale rather than a current financial profile. No current financial statements, ownership percentages, product catalogue, or official website address are established by the supplied reference material. FABZL is therefore best characterized as a small, domestically focused Zambian commercial bank whose proposition combines community-based retail banking with corporate banking for selected industrial sectors.

First Alliance Bank Zambia Limited was founded in 1994 by four businessmen, each initially holding an equal share in the enterprise. The bank began operations with one branch in Lusaka, Zambia's capital and largest city. From that starting point, it developed a wider branch presence in the country, including locations in the Copperbelt, an area closely associated with Zambia's mining economy. The bank's development appears to have followed a dual-market model. It provides retail banking services to the communities in which it operates, while also pursuing corporate relationships with businesses in mining and manufacturing. This sector emphasis distinguishes the institution from a purely consumer-oriented branch bank and reflects the economic importance of industrial and extractive companies in Zambia. By May 2018, the documented branch network comprised five locations. These included the Main Branch at Alliance House on Cairo Road in Lusaka; an Industrial Branch on Lumumba Road, also in Lusaka; an East Park Branch at East Park Mall; a Kitwe branch at City Gate Office Park; and a Ndola branch on President Avenue. The distribution gave the bank a presence in the capital as well as in two important Copperbelt cities. The institution is privately held rather than publicly traded. By September 2019, ownership was described as being divided among five individual shareholders, although the supplied reference does not identify all shareholders or reproduce their ownership percentages. Sanmukh R. Patel was identified as chairman of the seven-member board, and Kuldip Paliwal as managing director. The available source does not establish a complete succession history or confirm whether these roles are current. A December 2019 snapshot placed the bank's total assets at approximately ZMW 940.6 million and shareholders' equity at approximately ZMW 234.4 million. The same reference reported 112 employees. These figures indicate a relatively small institution within the Zambian banking sector, while also showing that it had established a material operating base after more than two decades in business. The bank is licensed by the Bank of Zambia and remains identified as a Zambian commercial bank. Beyond its retail and corporate orientation, detailed information about its account products, digital services, lending portfolio, recent financial performance, ownership changes, and current branch footprint is limited in the supplied material. Its documented history is therefore primarily one of gradual domestic expansion from a single Lusaka branch into a small national network serving both local retail customers and industrial-sector companies.

• 2019

  Private ownership and operating scale reported

  [1]First Alliance Bank Zambia Limiteden.wikipedia.org

  The bank was described as privately owned by five individuals. At December 2019, reported assets were approximately ZMW 940.6 million, equity approximately ZMW 234.4 million, and employment 112 people.

• 2018

  Five-branch network documented

  [1]First Alliance Bank Zambia Limiteden.wikipedia.org

  The bank's documented network included three branches in Lusaka and additional branches in Kitwe and Ndola.

• 1994

  Bank founded

  [1]First Alliance Bank Zambia Limiteden.wikipedia.org

  First Alliance Bank Zambia Limited was established by four businessmen with equal initial shareholdings and began with a single branch in Lusaka.

A small, privately held Zambian commercial bank combining retail branch banking with a niche corporate focus on mining and manufacturing businesses.

• Retail banking

  Retail banking

  The bank provides retail banking services through its branch network, serving customers in Lusaka and other Zambian locations. The supplied reference confirms the retail-banking role but does not specify individual account names, fees, channels, or eligibility requirements.

• Business banking

  Corporate banking

  Corporate banking is a central part of the bank's stated market focus. First Alliance Bank is particularly associated with corporate customers in Zambia's mining and manufacturing sectors, although the available source does not enumerate specific facilities or product terms.

• Banking distribution

  Branch-based banking services

  The institution delivers its documented retail and business services through physical branches. Its reported locations include the main Cairo Road branch, an industrial branch, an East Park Mall branch, and branches in Kitwe and Ndola.

1. 1First Alliance Bank Zambia Limiteden.wikipedia.org