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Following the break-up of the old National Bank of Commerce in 1997, by act of Parliament, three new entities were created: (a) NBC Holdings Limited (b) National Bank of Tanzania (1997) and (c) National Microfinance Bank (NMB). Initially NMB could only offer savings accounts, with limited lending capabilities.
The Tanzania Postal Bank is the 4th commercial bank that is involved in microfinance. Like the National Microfinance Bank, the Tanzania Postal Bank was created by an Act of Parliament and like the previous three banks, it too is under the Companies Registrar and under Tanzania Postal Bank Act No.11 of 1991 as amended by Act No.11 of 1992
FINCA Microfinance Bank Tanzania Ltd, ... Exim Bank Tanzania Plans Merger With First National Bank Tanzania As of 19 January 2020. This page was last ...
SMFB is a Microfinance Bank that focuses on the micro-finance sector, serving micro, small and medium-sized enterprises.Access Microfinance Bank Tanzania was a member of the AccessBank Group, which is composed of microfinance institutions in Sub-Saharan Africa, Central Asia, and South America, who are majority owned by the AccessHolding conglomerate. [7].
At the end of the year in 2015, the bank had an asset base of over US$773 million (TSh 1.69 trillion) and is the fourth-best capitalized commercial bank in the country, behind National Microfinance Bank, CRDB Bank and FBME Bank. [8] At the end of 2017, Tanzania's total banking assets were valued at TSh 29.97 trillion (US$13.2 billion). [3]
Mwanga Hakika Bank was incorporated in 2019 following the merger of three Tanzanian financial institutions, namely: EFC Tanzania Microfinance Bank (EFC), Mwanga Community Bank (MCB) and Hakika Microfinance Bank (Hakika). The new commercial bank received its commercial banking license in July 2020.
KCB Tanzania; Mkombozi Commercial Bank; National Bank of Commerce (Tanzania) National Microfinance Bank; NIC Bank Tanzania; People's Bank of Zanzibar; Stanbic Bank; Standard Chartered Bank; United Bank for Africa [98] Zenith Bank [99]
National Bank of Commerce (Tanzania) NCBA Bank Tanzania; ... Savings and Finance Commercial Bank; Selcom Microfinance Bank Tanzania; Standard Chartered Tanzania; T.