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News and Events

1st December 2011


Finance Bank Zambia Limited awards unionized members of staff a salary increment Of ZMK 2,000,000.00 across the board

Finance Bank Zambia Limited has with effect from 1st December 2011, increased the salaries for all unionized members of staff, by ZMK 2,000,000.00 across the board.

This is a demonstration by management of its commitment to improving the conditions of services for all employees barely six weeks from the date the bank was handed back to its original shareholders. This decision also further demonstrates Finance Bank Zambia Limiteds commitment to ensuring that all employees of the bank are rewarded a decent remuneration.

It is expected that employees will be motivated to continue to work hard and achieve good results for the bank. Management remains keen to reward staff based on their performance and commitment to the bank.

Management takes this opportunity to thank the union negotiating team and their members, ZUFIAW and stakeholders for concluding these negotiations in record time, thereby enabling the Bank to conduct its business smoothly.

We also thank our members of staff for their dedication and commitment. We are very proud of our team who have shown resilience and loyalty to the bank.

Further the bank is pleased to inform the general public that it is currently embarking on an expansion programme that will entail the opening of new branches in a number of areas. These include;


This will include the opening of two new outlets in Lusaka, that is at the Levy Business Park and the Manda Hill Shopping Malls. This expansion programme will include a further investment in the number of ATM networks across the country. The Bank is also in the process of refurbishing existing branches and agencies.

The banks products and services are being reviewed to meet customer requirements and expectations. The bank shall continue to develop tailor made products that are competitive and suitable for our customers in our chosen market.

These measures are aimed at serving our customers effectively and efficiently. We value the strong relationships which we have built with our esteemed customers across the country and commit to further enhance these relationships with pride.

Warm regards

Barkat Ali
Managing Director and CEO




14th November 2011


Director; Human Resource, Training and Capital Development - Mutale Chilangwa Chisela

Mutale brings to the "Pride" 22 years of extensive banking experience with a specialty in Operations and Human Resource Development which will be instrumental in the evolvement of a human resource base to support the attainment of the new overall strategic business plan of FBZ.

Mutale holds a Bachelor of Science in Business Administration with Bowling Green State University USA and an MBA from University of Lincolnshire and Humberside, UK.



25th October 2011


Executive Director, Corporate , Retail Banking and Marketing - Helen Lunda

Helen brings to the "Pride" 28 years of extensive banking and financial industry experience which will be instrumental towards the re-development of our Corporate and Retail wealth management as well as the implementation of new marketing activities in our efforts to continuously improve as a financial institution of pride.

Helen holds a BSc Aifs Degree in Financial Services with the University of Manchester UK and an MBA specialism in Strategic Planning with Heriot Watt Edinburgh Business School Scotland.