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 FBZ
Funding Strategies
FBZ’s offers lending facilities that are denominated
in both Kwacha and US dollars. Kwacha facilities are
basically funded through its position whilst dollar
facilities are funded through externally sourced
funds such as the World Bank sponsored Enterprise
Development Funds (EDF) and Zambia Agriculture
Marketing Processing Infrastructure Project (ZAMPIP).
These two facilities are administered by Bank of
Zambia with whom we have Financing Contracts in
place. These facilities are performing and
outstanding liabilities as at 31 January 2003 are
US$7.6mm.
These facilities have enabled the Bank to meet it
long term financing requirements for its customers.
Risk Management and Evaluation
FBZ’s risk management processes are carried out
through a combination of sound corporate governance
practices and a hierarchy of policies, procedures
and committees. These committees operate as Country
Credit Committee at management level and Loans
Review Committee of the Board at Board level. These
committees convene weekly and quarterly
respectively.
The Bank maintains high professional standards in
evaluating all aspects of credit proposals,
specifically FBZ ensures the business managerial,
financial, structural and security aspects are sound
and that the undertaking is financially and
commercially viable.
The Bank has a credit policy document in place which
conforms to the requirements of Bank of Zambia. The
Board is responsible for establishing policies and
reviews the FBZ’s performance to ensure compliance
with the credit policies in place and Bank
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