Share trading for Finance Bank Zambia to Start Soon- 2015

As we are approaching towards the end of March, the time has come for Finance Bank to start its very first share trading operation under the Lusaka Stock Exchange (LuSE). The decision for trading shares on the stock exchange was taken last year when the Chairman, Dr. Rajan Mahtani thought of converting the bank from a private institute to a public institute. Hence, Finance Bank Zambia is now known as Finance Bank Zambia Plc.

Dr. Rajan Mahtani 2015

The vision was laid with a view to raise USD 250 million from the stock market and enlarge the pool of resources for the Finance Bank Zambia. Over the past few months, various compliances continue to be fulfilled from the side of FBZ and now it is only matter of days before which the locals and other investors will have the opportunity to acquire shares of the institute.

The pace at which the proceedings are taking place is worth appreciating and the people of Zambia are excited with this news. According to Dr. Rajan Mahtani, all formalities will be completed by the first quarter of 2015. However, one can expect delays, if there arises any miscommunications along with notorious attempt of the conspirators to create a havoc in Zambia. The Finance Bank has served Zambia for more than two decades and now with time it is transformed into an organization which is stronger and more resourceful than before.