Finance Bank Zambia had been serving the people of Zambia for a long period of time. However, with time comes the end of every entity. In 2015, a news was circulated where it was mentioned that the Finance Bank would be merged with BancABC, a bank held by Atlas Mara. Recently, the obligations were executed and the former Chairman Finance Bank Zambia bid farewell to the bank.
Finance Bank Zambia has now merged with BancABC and together they will form one of the largest commercial banks in Africa. The joint assets of both the banks now stands at USD 567 million and has 65 branches. Additionally, the liquidity for account holders has also been increased with 176 ATM outlets spread all across the nation. People who are closely associated with this incident regard that the merger took place with a view to promote a better cause. The merger has given the nation a stronger financial resource which can take up heavy development projects.
Nevertheless, the conspirators will continue to chase Dr. Rajan Mahtani. The Ex- Chairman Finance Bank Zambia has worked very hard to ensure that the merger is affected in spite of several hindrances. Stories such as illegal shareholding in FBZ, less confidence of BancABC on FBZ, etc., continued to flow in from Zambia Reports and people were fooled. Now that the truth has surfaced and the lies have been caught red-handed, it is obvious that the conspirators will now look for shelter at dark corners of their homes.
The news of merger came shortly after the heart breaking event of Mrs Mohnibhai Lekhraj Mahtani’s demise. Many consider is development as a blessing by the mother to his son. Dr. Rajan Mahtani has always considered Zambia as his mother and he will continue to make such commitments and developments in the future too.