Its niche market is the corporate clients in the mining and manufacturing sectors of the Zambian economy.

[1] The bank was founded in 1994 by four businessmen, each controlling an equal shareholding position.

Starting with one branch in Lusaka, Zambia's capital and largest city, the bank opened branches in other cities and towns in the country, focusing on the copper-belt region of the country.

[5] The stock of First Alliance Bank Zambia Limited is privately held by five individuals.

The table below shows the ownership percentage of each shareholder, as of September 2019:[6] The bank maintains five branches in the country, at the following locations, as of May 2018.