Commercial Bank of Africa (Tanzania) (CBAT) is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Tanzania Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It is bordered by Uganda to the northwest; Kenya to the northeast; the Indian Ocean to the east; Mozambique and Malawi to t ...

. It is licensed by the Bank of Tanzania, the country's

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

and national banking regulator. The bank is a subsidiary of the Commercial Bank of Africa Group and has its headquarters in

Nairobi Nairobi is the Capital city, capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai language, Maasai phrase , which translates to 'place of cool waters', a ...

Kenya Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. ...

Location

The headquarters and main branch of CBA Tanzania Limited are located at Amani Place, along Ohio Street, in

Dar es Salaam Dar es Salaam (, ; from ) is the largest city and financial hub of Tanzania. It is also the capital of the Dar es Salaam Region. With a population of over 7 million people, Dar es Salaam is the largest city in East Africa by population and the ...

, Tanzania's largest city and

financial capital Financial capital (also simply known as capital or equity in finance, accounting and economics) is any Economic resources, economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their prod ...

. The geographical coordinates of the bank's headquarters are: 06°48'42.0"S, 39°17'15.0"E (Latitude:-6.811667; Longitude:39.287500).

Overview

CBAT serves the banking needs of individuals and businesses in

. The bank focuses on meeting the banking needs of large corporations, diplomatic missions, non-governmental organizations, and high-end private clients. , the bank's total assets were valued at TZS:462.2 billion (approximately US$204 million), with shareholders equity of TZS:43 billion (US$19 million).

History

The bank was founded in 1962 in

. Branches were soon opened in Nairobi and

Mombasa Mombasa ( ; ) is a coastal city in southeastern Kenya along the Indian Ocean. It was the first capital of British East Africa, before Nairobi was elevated to capital status in 1907. It now serves as the capital of Mombasa County. The town is ...

, Kenya and in Kampala, Uganda. When Tanzania nationalized private banks in 1967, the bank moved its headquarters to Nairobi. Following political changes in Uganda in 1971, the bank sold its assets in that country. In July 2005, the Commercial Bank of Africa (CBA) acquired majority shareholding in First American Bank of Kenya, which at the time had a

n subsidiary called United Bank of Africa. In 2007, United Bank of Africa rebranded to Commercial Bank of Africa (Tanzania), returning the brand to the country since 1967. In January 2014, CBA opened its first branch in

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

Branch network

, CBAT maintained branches at the following locations: # Ohio Street Branch: Amani Place, Ohio Street,

Main Branch # Kariakoo Branch: Tropical Hotel, Narung'ombe Street, Dar es Salaam # Kijitonyama Branch: Tanzania Telecommunications Company Limited Building, Plot no 717, Block number 6, Kijitonyama, Dar es Salaam # Samora Branch: PPF House, Corner of Samora Machel Avenue & Morogoro Road, Dar es Salaam # Nyerere Branch: Jamana House, Julius K. Nyerere Road, Dar es Salaam # Mtwara Branch: Tanu Road,

Mtwara Mtwara (Portuguese language, Portuguese: ''Montewara'') is the capital city of Mtwara Region in southeastern Tanzania. In the 1940s, it was planned and constructed as the export facility for the disastrous Tanganyika groundnut scheme, but was some ...

# Moshi Branch: Tanzania Telecommunications Company Limited Building, Moshi # Arusha Branch: TFA Building, Fire Road,

Arusha Arusha is a city in Tanzania. The city is the Capital city, capital of the Arusha Region. It has a population of 617,631 people.

# Mbeya Branch: 41 Soweto Area, Block ‘O, Mbeya # Tunduma Branch: Tanzania Telecommunications Company Limited Building , Plot no 56/2, Block I, Tunduma, Mbeya # Mwanza Branch: Kenyatta Road, Mwanza.

References

{{Banks of Tanzania Banks of Tanzania Economy of Dar es Salaam Banks established in 1962 1962 establishments in Tanzania

Location

Overview

History

Branch network

See also

References