List of Banks in Tanzania 2022/2023 Full Details;-The following are the list of banks in Tanzania: CRDB Bank Tanzania National bank of commerce (NBC) Exim Bank Tanzania Co-operative bank of Tanzania Stanbic bank Tanzania Azania bank PLC United bank for Africa (UBA) Diamond trust bank Tanzania Afrika Mashariki bank Mufindi Community Bank (MCB) Limited.
A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. Read More About Banks
List of Banks in Tanzania
1. CRDB Bank Tanzania
CRDB Bank Tanzania is a licensed commercial bank in Tanzania. CRDB Bank Tanzania is a subsidiary of the Commercial Bank of Africa (CBA) Group, one of the largest banking groups in Africa.
The bank was established as a result of an acquisition by CBA Group in 2018.
2. National bank of commerce (NBC)
NBC is the largest bank in Tanzania with a customer base of over 6 million customers. It is also the largest financial services provider in the country, with over 180 branches and 500 ATMs across Tanzania.
NBC is a commercial bank offering a wide range of products and services to both corporate and retail customers including loans, deposits, securities trading, foreign exchange trading and remittances.
NBC has an extensive network of 177 branches across Tanzania – covering all regions except Zanzibar – as well as 500 automated teller machines (ATMs). The bank also has offices in Dar es Salaam’s Kilwa Street area, Mwanza city centre and Kigoma town centre.
3. Exim Bank Tanzania
- Exim Bank Tanzania is a commercial bank in Tanzania.
- It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
- The bank is a member of the Exim Bank Group.
4. Co-operative bank of Tanzania
Co-operative Bank of Tanzania is one of the leading commercial banks in Tanzania and a member of the Co-operative Bank of Tanzania Limited, a member of the Co-operative Bank of Tanzania Group.
The bank offers a wide range of products and services to individuals and businesses through its distribution network spread across all regions in the country.
5. Stanbic bank Tanzania
Stanbic bank Tanzania is a commercial bank in Tanzania. It offers a variety of banking products and services to business and individual customers in urban, semi-urban and rural areas throughout the country.
Stanbic bank Tanzania is a subsidiary of Standard Bank Group. The Stanbic International Limited was formed in 1968 as a group company by Standard Bank Limited (South Africa).
In 1999, Stanbic established its first branch in Dar es Salaam under the name Stanbic Bank Tanzania Ltd., which has since grown into one of the leading banks in Tanzania with over 50 branches nationwide and serves more than 2 million customers through its network of branches and ATMs across the country.
6. Azania bank PLC
Azania Bank PLC is a commercial bank in Tanzania. The bank is licensed by the Bank of Tanzania, the central bank and national banking regulator.
Azania Bank Plc has been in existence since 1964 as a subsidiary of Standard Chartered Bank (StanChart) and was the first private sector financial institution to be established in the country.
The company’s major shareholders include: United Nations Economic Commission for Africa (UNECA), African Development Bank Group (ADBG), International Finance Corporation (IFC), FMO Netherlands Development Organization and KfW German development bank – all with equity stakes on completion of various privatisation transactions spanning from 1998-2005 with Azania Commercial Bank Limited being converted into Azania Bank Plc under new ownership structure comprising wholly Tanzanian shareholders.
7. United bank for Africa (UBA) Tanzania
The United Bank for Africa (UBA) Tanzania is a subsidiary of the United Bank for Africa (UBA), a pan-African banking group with over US$19 billion in assets and a presence in 19 countries across Africa. UBA Tanzania is a full-service bank with a regional hub located in Dar es Salaam and branches across the country.
8. Diamond trust bank Tanzania
Diamond Trust Bank Tanzania Limited, commonly referred to as Diamond Trust Bank (DTB), is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
The headquarters and main branch of Diamond Trust Bank are located on Sokoine Drive at Chato Street in Dar es Salaam, the largest city in Tanzania and its capital city. The geographical coordinates of this financial services institution are:6°19’41.0″S 39°17’27.0″E
9. Afrika Mashariki bank
Afrika Mashariki Bank Tanzania Limited (Founded on 30th September, 2007) is a Tanzanian commercial bank, licensed by the Bank of Tanzania, the central bank and national banking regulator. The bank’s headquarters are located at Dar es Salaam, Dar es Salaam Region, Tanzania.
Africa Mashariki is an indigenous commercial bank that offers services in retail banking, corporate banking and investment banking. The stock of Afrika Mashariki is owned by Equity Group Holdings Limited (Kenya), New Africa Investment Corporation (Nigeria), Pioneer Investments Limited (Zambia) and African Alliance Insurance Company Limited (Kenya).
10. Mufindi Community Bank (MCB) Limited
Mufindi Community Bank (MCB) Limited was founded in 1994, and has since grown to be one of the leading banks in Tanzania. The bank’s headquarters are located in Mufindi, a town approximately 34 miles west of Morogoro and 160 miles west of Dar es Salaam. MCB has branches in the following locations:
- Moshi
- Arusha
- Morogoro
List of Banks in Tanzania 2022/2023
This is the list of banks in Tanzania in Tanzania 2022/2023. The banking industry in Tanzania has grown. You can find many banks and financial institutions all over the country. However, some are still operating without authorization by Bank of Tanzania (BoT).
How many banks are in Tanzania?
How many banks are in Tanzania?
There are approximately 40 banks in Tanzania. The number of banks has increased over the years. The number of banks is growing and expected to increase.
Which is the biggest bank in Tanzania?
- CRDB Bank Tanzania
- National bank of commerce (NBC)
- Exim Bank Tanzania
- Co-operative bank of Tanzania
- Stanbic bank Tanzania
- Azania bank PLC
- United bank for Africa (UBA) Tanzania
What are the commercial banks found in Tanzania?
There are more than 30 commercial banks in Tanzania. Most of these banks have multiple branches around the country. They offer a wide range of services, including:
- Banking services
- Loans and credit cards
- Payment processing
- Investment management
Where is Bank of Tanzania found?
Bank of Tanzania is found in Dar es Salaam. It is the central bank of Tanzania and it was established in 1966.
You may be wondering if there is a bank in Tanzania or not. Well, the answer is yes! There are many banks in Tanzania that offer different services to their customers. You can choose one depending on your needs and requirements.