Bank of Africa Tanzania Limited, also known as BOA Tanzania (BOAT), is one of the commercial banks in Tanzania that have been licensed by the Bank of Tanzania, the country's central bank and national banking regulator.

Location

The headquarters and main branch of Bank of Africa Tanzania Limited, are located at National Development Corporation House, Ohio Street, at the corner with Kivukoni Road, in the

central business district A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city ...

Dar es Salaam Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

, Tanzania's business capital and largest city. The geographical coordinates of the bank's headquarters are: 6°49'03.0"S, 39°17'31.0"E (Latitude:-6.817500; Longitude:39.291944).

Overview

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 billion (approximately US$169.7 million).

Bank of Africa Group

The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in

Bamako, Mali Bamako ( bm, ߓߡߊ߬ߞߐ߬ ''Bàmakɔ̌'', ff, 𞤄𞤢𞤥𞤢𞤳𞤮 ''Bamako'') is the capital and largest city of Mali, with a 2009 population of 1,810,366 and an estimated 2022 population of 2.81 million. It is located on the Niger River ...

, with presence in 18 countries, across a network of 16 commercial banks, one financial corporation, one banque de l’habitat, one brokerage firm, two investment companies, one asset management company and one Group representative office in Paris. As of December 2018, the group's total assets were valued at €7.62 billion (US$8.24 billion).

History

BOA Tanzania started its operations in June 2007, when Bank of Africa Group acquired Euroafrican Bank Tanzania, which had been operational since 1995.

Governance

The bank is supervised by
board of directors
chaired by Nehemiah Kyando Mchechu, a non-executive board member. The managing director an
chief executive officer
of the bank is Adam Charles Mihayo.

Branch network

As of December 2019, the bank maintained 27 networked branches, including 13 branches in Dar es Salaam, 13 branches in other Tanzanian cities and towns and one Business Centre in Dar es Salaam.

References

External links

* {{DEFAULTSORT:Bank Of Africa (Tanzania) Banks of Tanzania Bank of Africa Group Banks established in 2007 2007 establishments in Tanzania