First Capital Bank Zambia Limited
First Capital Bank Zambia Limited, is a commercial bank in Zambia that is licensed by the Bank of Zambia, the central bank and national banking regulator. It is a subsidiary of FMBCapital Holdings Plc, a financial services conglomerate, based in Mauritius, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. Location. The headquarters of the bank and its main branch, are located at the Ground Floor, Kwacha Pension House, Plot. 4604, Tito Road, in Lusaka, Zambia's capital city. The geographical coordinates of  the bank's headquarters are:15°24'55.0"S, 28°17'47.0"E (Latitude:-15.415278; Longitude:28.296389). Overview. First Capital Bank Zambia Limited is a retail bank that focuses on meeting the banking needs of small and medium enterprises in Zambia. As of December 2018, the bank's total assets were ZMW:1.2 trillion (US$65 million), with shareholders' equity of ZMW:155,734,064 (US$8.5 million). At that time, the bank served almost 8,700 customers at 7 branches an 7 ATMs and employed 118 staff members. History. The bank was established in 2010 as International Commercial Bank Zambia. In 2013, First Merchant Bank 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 Mauritius, whose shares trade on the Malawi Stock Exchange (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), 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: Ground Floor, Kwacha Pension House, Plot. 4604, Tito Road, Lusaka, Zambia. The bank maintains brick-and-mortar branches as these locations: Governance. Mark O’Donnell is the chairman and Hitesh Anadkat is the vice chairman of the eight-person board of directors. Jitto Kurian serves as the chief executive officer of the bank.