Exim Bank (Tanzania) (EBT), 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 ...

, the second-largest economy in the

East African Community The East African Community (EAC) is an intergovernmental organisation in East Africa. The EAC's membership consists of eight states: Democratic Republic of the Congo, the Federal Republic of Somalia, the Republics of Burundi, Kenya, Rwanda, S ...

. The bank is licensed by the

Bank of Tanzania The Bank of Tanzania () is the central bank of the Tanzania, United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling. The bank was established under the Bank of Tanzania Act 1965. However, in 19 ...

, which is 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.

Overview

EBT is a large banking institution, providing commercial banking services to individuals, small-to-medium-sized businesses (SMEs), and large corporate clients. , according to its annual report, published on the bank's website, the bank's total assets were valued at TSh 1.372 trillion (US$590.3 million), assuming an exchange rate of per US dollar, with shareholders' equity of TSh 170.843 billion (US$73.6 million). The Exim Bank Group was the fifth largest commercial bank group in the country, by assets, as of April 2014. By June 2016, the bank's total assets had grown to TSh 1.5 trillion (approx. US$700.8 million). Following the acquisition of the business and assets of United Bank Tanzania Limited, in November 2019, Exim Bank (Tanzania), increased its assets to US$732.4 million.

History

EBT was formed in 1997 by a group of

n business people, following the liberalization of the Tanzanian economy. It reportedly broke even within the first five months of operation. , EBT maintained wholly owned banking subsidiaries in the

Comoros The Comoros, officially the Union of the Comoros, is an archipelagic country made up of three islands in Southeastern Africa, located at the northern end of the Mozambique Channel in the Indian Ocean. Its capital and largest city is Moroni, ...

Djibouti Djibouti, officially the Republic of Djibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea in the north, and the Red Sea and the Gulf of Aden to the east. The country has an area ...

and

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 ...

. It is the first indigenous Tanzanian bank to own subsidiaries outside the country, as at March 2016. In April 2010, the bank was authorized by the Bank of Tanzania to establish subsidiaries in

and

Zambia Zambia, officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa. It is typically referred to being in South-Central Africa or Southern Africa. It is bor ...

, thus setting up the Exim Bank (East Africa) Group, a regional banking financial services organization. In March 2016, EBT acquired 58.6% of Imperial Bank (Uganda) Limited and changed its name to Exim Bank (Uganda) Limited. In November 2019, Exim Bank Tanzania acquired the businesses and assets of United Bank Tanzania Limited, a subsidiary of the Pakistan bank,

United Bank Limited United Bank Limited (often abbreviated as UBL) is a Pakistani bank headquartered at I.I. Chundrigar Road in Karachi. It is a subsidiary of British multinational conglomerate, Bestway Group. Founded by Agha Hasan Abedi in 1959, UBL saw its firs ...

. In July 2022, Exim Bank Tanzania acquired

First National Bank of Tanzania First National Bank Tanzania (FNBT), is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator. It is a subsidiary of South Africa-based FirstRand Group. FNBT is a smal ...

, bringing total group assets to TSh 2.4 trillion (US$1.033+ billion).

Exim Bank Group (East Africa)

Exim Bank Tanzania, is the largest subsidiary of the Exim Bank Group (East Africa), a large financial services conglomerate, that maintains its headquarters in Dar es Salaam, Tanzania's largest city. Members of the banking group include: # Exim Bank (Tanzania) -

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 ...

# Exim Bank (Comoros) - Moroni,

# Exim Bank (Djibouti) -

Djibouti City Djibouti (also called Djibouti City and Jibuti in early Western texts) is the capital city of the Djibouti, Republic of Djibouti. It is located in the coastal Djibouti Region on the Gulf of Tadjoura. Djibouti has a population of around 780,000 ...

. # Exim Bank (Uganda) -

Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...

Ownership

The stock of Exim Bank (Tanzania) is owned by private individuals and corporate entities. The current shareholding in the bank is summarized in the table below:

Branch network

, EBT maintains 33 branches at the following locations inside Tanzania: # Clock Tower Branch - Samora Avenue,

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 ...

# Exim Tower Branch - Exim Tower,

# Hill Park Branch -

Mlimani City Mlimani City is a shopping mall on Sam Nujoma Road, Ubungo, Dar es Salaam, Tanzania. It is one of the largest malls in the country, with an area of . The opening ceremony was in November 2006. It is Tanzania's first indoor air conditioned mall. M ...

# Samora Avenue Branch - 9 Samora Avenue,

# Kariakoo Branch - Morogoro Road,

# Mkwepu Branch - Mkwepu Street,

# Namanga Branch - Namanga,

# Nyerere Road Branch - Nyerere Road,

# Temeke Branch - Chang'ombe,

# Mwanza Branch - Kenyatta Road,

Mwanza Mwanza City, also known as Rock City to the residents, is a port city and capital of Mwanza Region on the southern shore of Lake Victoria in north-western Tanzania. With an urban population of 1,104,521 and a population of 3,699,872 in the region ...

# Arusha Branch - Goliondoi 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.

# Mount Meru Branch - Uhuru 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.

# Moshi Branch - Boma Road, Moshi # Tanga Branch - Independence Avenue, Tanga # Zanzibar Branch - Mlandege Street,

Zanzibar Zanzibar is a Tanzanian archipelago off the coast of East Africa. It is located in the Indian Ocean, and consists of many small Island, islands and two large ones: Unguja (the main island, referred to informally as Zanzibar) and Pemba Island. ...

# Morogoro Branch - Lumumba Road,

Morogoro Morogoro is a city located in the eastern part of Tanzania, approximately 196 kilometers (122 miles) west of Dar es Salaam. Retrieved on November 24, 2011. It serves as the capital of the Morogoro Region. Informally, it is referred to as ''Mji ...

# Mbeya Branch - Industrial Area,

Mbeya Mbeya is a city located in south west Tanzania, Africa, with an urban population of 649,000 in 2023. Mbeya is the capital of the surrounding rural Mbeya Region, Mbeya region (population, with Mbeya, totals approx. 2 million). Mbeya is situated a ...

# 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 ...

# Iringa Branch -

Iringa Iringa is a city in Tanzania with a population of 202,490 () and situated at a latitude of 7.77°S and longitude of 35.69°E. The name is derived from the Hehe language, Hehe word ''lilinga'', meaning fort. Iringa is the administrative capita ...

# Shinyanga Branch - Shinyanga # Tabora Branch -

Tabora Tabora is the capital of Tanzania's Tabora Region and is classified as a municipality by the Tanzanian government. It is also the administrative seat of Tabora Urban District. According to the 2012 census, the district had a population of 226, ...

# Karatu Branch -

Karatu Karatu District (''Wilaya ya Karatu'', in Swahili language, Swahili) is one of seven Districts of Tanzania, districts of the Arusha Region of Tanzania. The district is bordered to the north by the Ngorongoro District and to the west by the Meatu ...

# Kigoma Branch -

Kigoma Kigoma is a city and lake port in Kigoma-Ujiji District in Tanzania, on the northeastern shores of Lake Tanganyika and close to the border with Burundi and The Democratic Republic of the Congo. It serves as the capital for the surrounding Kigoma ...

# Mwanakwerekwe Branch-

# Lumumba Branch - Ushirika Towers, Lumumba Street,

# Udom Branch - UDOM College of Informatics,

Dodoma Dodoma ( in Gogo), officially Dodoma City (''Jiji Kuu la Dodoma'', in Swahili), is the capital city of Tanzania. With a population of 765,179, it is also the administrative capital of both Dodoma Municipal Council and the entire Dodoma R ...

Governance

The

chairman of the board The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by ...

is Ambassador Juma Mwapachu, a non-executive director. The

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

is Jaffari Matundu, who is a non-shareholder.

References

External links

Website of Exim Bank Tanzania

{{DEFAULTSORT:Exim Bank Banks of Tanzania Banks established in 1997 Economy of Dar es Salaam 1997 establishments in Tanzania