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The three institutions, together form the Tanzania Investment Bank Group or TIB Group: [9] TIB Development Bank Limited - A development finance institution (DFI) TIB Corporate Finance Limited - A short term financing institution, serving large corporate clients, both public and private, in support of the functions of the DFI.
It is one of the banks licensed by the Bank of Tanzania, the national banking regulator. [1] The bank serves retail customers, corporate customer, and medium to large business enterprises. As of December 2011, it was the fifth-largest commercial bank in Tanzania, by assets, with an estimated asset base of US$793.1 million (TZS:1.24 trillion).
The bank's headquarters are located on the 16th Floor, Mwanga Tower, New Bagamoyo Road in Kijitonyama in the city of Dar es Salaam, Tanzania. The geographical coordinates of this location are:6°46'34.0"S, 39°14'39.0"E (Latitude:-6.776111; Longitude:39.244167).
International Commercial Bank Tanzania Ltd, part of ICB Banking Group; Azania Bank Plc, state-owned; Absa Bank Tanzania Ltd, part of Absa Group; I&M Bank Tanzania Ltd], part of I&M Bank Group; Access Bank Tanzania Ltd, part of Access Bank Group; People's Bank of Zanzibar Ltd; Citibank Tanzania Ltd, part of Citigroup; CRDB Bank Plc; Tanzania ...
The bank was established under the Bank of Tanzania Act 1965. However, in 1995, the government decided that the central bank had too many responsibilities, thus hindering its other objectives. As a result, the government introduced the Bank of Tanzania Act 1995, which gave the bank the single objective of monetary policy.
BOA Tanzania is a retail commercial bank that provides services to multinational companies, mid-size local enterprises, and small retail businesses. As of December 2019, BOA Tanzania was a medium-sized financial services provider, with total assets of TSh 564 billion (approximately US$245.4 million), with customer deposits totalling TSh 390 ...
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] At ...
BBTL is involved in all aspects of commercial banking, including serving large corporations, small and medium enterprises, and individuals. BBTL is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. [3] As of 31 December 2017, BBTL had assets valued at TSh 170 billion (approx. US$76 million). [2]