A long awaited dream has finally come true for Dr. Mahtani & Zambia. In an event which can best be described as historic, BancABC has taken over Finance Bank Zambia and marks the beginning a new episode of banking enterprise in Zambia. The announcement for merger was made in 2015 and the development took place in 2016. Figures suggest that the merger will give birth to the largest commercial bank in Zambia. The combines assets worth has been calculated close to $567 million, where there would be 56 branches with a chain of 176 ATMs.
However, the journey was not an easy one for Finance Bank as Dr. Mahtani & Zambia were constantly defamed by a group of conspirators. The result of this impact was that the locals got confused and lost track of the actual developments. In the past, Zambia Reports has circulated a news which states that the takeover is in question and the shareholding patter of the Finance Bank Zambia was illegal. It was also claimed that the deal is constantly been hindered as it does not abide the legal framework. Alas! The truth has surfaced and people have witnessed the merger.
In spite of consistent harassment, the conspirators have lost to Dr. Mahtani & Zambia. The righteous path has once again won and bubble reputed stories from faceless writers has once again been thrown into the dustbin. Time and over again, the truth has won and lies have been buried. The merger has definitely shown the people of Zambia that nothing is more important than being true to oneself and to the nation. Now it has become evident that people would no longer be foxed with fake stories as the result has been declared in the open and people already know that BancABC has taken over Finance Bank Zambia.