Corporate Governance

Prudential Regulation

Licensed under The Banking and Financial Services Act of Zambia, FCB is governed by the banking laws of Zambia, which include the following:

  • The Prohibition and Prevention of Money Laundering Act
  • Bank of Zambia Anti-Money Laundering Directives
  • Bank of Zambia Statutory Instruments
  • Bank of Zambia Prudential Guidelines on the Application of International Financial Reporting Standards
  • Bank of Zambia Act
  • Corporate Governance Guidelines

Corporate Governance

Adequate and efficient communication and monitoring systems are in place to ensure that the Directors receive all relevant, accurate information to guide them in making strategic decisions, providing effective leadership, control and strategic direction over the company’s operations, and in ensuring that the company fully complies with relevant legal, ethical and regulatory requirements.

First Capital Bank is governed by a 7 member Board of Directors, one of whom is executive.

Management Committees

There are five management committees namely the

  • Executive Committee
  • Audit, compliance and Risk Management Committee
  • Asset and Liability Management Committee
  • Credit and Loan Review Committee
  • Customer Service Committee and three board committees, the
  • Audit & Risk Management Committee
  • Loan Review Committee
  • Nomination and Remuneration Committee

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