 In 1964 the Bank of Zambia was created from the Bank of Northern Rhodesia, which itself had only formed a year earlier in 1963 from the Lusaka branch of the Rhodesia and Nyasaland bank.After its creation, and after the passage of the Bank of Zambia Act in 1965, the bank grew and was successful down through the decades.According to its website, the bank acquired an equity stake in the Development Bank of Zambia and the Zambia National Commercial Bank and was even considering diversifying into the agricultural sector.