The year 2014 has been prolific for Finance Bank of Zambia. The bank has not only managed to expand its activities beyond Zambia, but has also encountered the allegations which were imposed on it by a group of conspirators. Dr. Rajan Mahtani, the Chairman of Finance Bank Zambia, is extremely pleased with the progress status of his bank and has bigger plans in the coming year, 2015.
As per verified sources, it is being regarded that after the impressive performance of FBZ (Finance Bank Zambia) in Malawi, Dr. Mahtani has big expansion plans for his bank in other African countries. Malawi had the first international branch of FBZ opened in its capital city, Lilongwe on December 15, 2014. So far, the report has been impressive for the FBZ and experts do believe that this was one of Dr. Mahtani’s masterstrokes in 2014.
The year 2015 will also witness FBZ’s first share trading operations in the Lusaka Stock Exchange. In a conference held in November 2014, Dr. Mahtani declared that his bank has changed its status from a private company to a public limited company. The stock trade of FBZ will commence from the first quarter of 2015. A hint on FBZ’s chance of dual listing was also given when Dr. Mahtani expressed his interest in listing his bank on the Alternative Investment Market of London Stock Exchange.
FBZ is looking forward to float 25% of its shares in the stock market with a view to raise $ 250 million from the market. To sum up, one can regard that the year 2015 will take FBZ to greater heights and with the contribution of Dr. Rajan Mahtani, this bank will soon become the apex bank of Zambia.
As per verified sources, it is being regarded that after the impressive performance of FBZ (Finance Bank Zambia) in Malawi, Dr. Mahtani has big expansion plans for his bank in other African countries. Malawi had the first international branch of FBZ opened in its capital city, Lilongwe on December 15, 2014. So far, the report has been impressive for the FBZ and experts do believe that this was one of Dr. Mahtani’s masterstrokes in 2014.
The year 2015 will also witness FBZ’s first share trading operations in the Lusaka Stock Exchange. In a conference held in November 2014, Dr. Mahtani declared that his bank has changed its status from a private company to a public limited company. The stock trade of FBZ will commence from the first quarter of 2015. A hint on FBZ’s chance of dual listing was also given when Dr. Mahtani expressed his interest in listing his bank on the Alternative Investment Market of London Stock Exchange.
FBZ is looking forward to float 25% of its shares in the stock market with a view to raise $ 250 million from the market. To sum up, one can regard that the year 2015 will take FBZ to greater heights and with the contribution of Dr. Rajan Mahtani, this bank will soon become the apex bank of Zambia.