Exim Bank (Tanzania) (EBT), is a

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

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands ...

, the second-largest economy in the

East African Community The East African Community (EAC) is an intergovernmental organisation composed of seven countries in the Great Lakes region of East Africa: the Democratic Republic of the Congo, the United Republic of Tanzania, the Republics of Kenya, Burun ...

. The bank is licensed by the

Bank of Tanzania The Bank of Tanzania ( sw, Benki Kuu ya Tanzania) is the central bank of the 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 196 ...

, which is the country's

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

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,

Djibouti Djibouti, ar, جيبوتي ', french: link=no, Djibouti, so, Jabuuti 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 ...

and

Uganda }), is a landlocked country in East Africa. The country 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 south by Tanzania. The sou ...

. 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, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most central point. Its neighbours are t ...

, 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 (UBL) () is a Pakistani multinational commercial bank which is a subsidiary of British company Bestway Group. It is based in Karachi, Pakistan. It is one of the largest banks in the Pakistani private sector, with over 1,400 br ...

. 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 small ...

, 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) Exim Bank Group (East Africa) (EBGEA), is a financial services conglomerate based in the African Great Lakes region. EBGEA's headquarters are in Dar es Salaam, Tanzania, with subsidiaries in Uganda, Tanzania, Comoros, Djibouti and Ethiopia. ...

, 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 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 ...

Exim Bank (Comoros) Exim Bank (Comoros) (EBC), also Exim Bank Comores SA (French), is a commercial bank in Moroni, the Comoros. The bank is one of the commercial banks licensed by the Central Bank of the Comoros, which is the country's central bank and national b ...

- Moroni, Comoros #

Exim Bank (Djibouti) Exim Bank (Djibouti) (EBD), also Exim Bank Djibouti SA or Exim Bank of Djibouti, is a commercial bank in Djibouti. The bank is one of the commercial banks licensed by the Central Bank of Djibouti, which is the country's central bank and national ...

Djibouti City Djibouti (also called Djibouti City and in many early English texts and on many early maps, Jibuti; so, Magaalada Jabuuti, french: link=no, Ville de Djibouti, ar, مدينة جيبوتي, aa, Gabuutî Magaala) is the eponymous capital of Dji ...

. #

Exim Bank (Uganda) Exim Bank (Uganda) (EBU), commonly known as Exim Bank, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda (BOU), the central bank and national banking regulator. EBU is a member of the Exim Bank Group ...

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

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 # Exim Tower Branch - Exim Tower, Dar es Salaam # 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. Ml ...

, Dar es Salaam # Samora Avenue Branch - 9 Samora Avenue,

# Kariakoo Branch - Morogoro Road, Dar es Salaam # Mkwepu Branch - Mkwepu Street, Dar es Salaam # Namanga Branch - Namanga, Dar es Salaam # Nyerere Road Branch - Nyerere Road, Dar es Salaam # Temeke Branch - Chang'ombe, Dar es Salaam # 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 1,182,000 in 2021, it is Tanzania's second largest c ...

# Arusha Branch - Goliondoi Road,

Arusha Arusha City is a Tanzanian city and the regional capital of the Arusha Region, with a population of 416,442 plus 323,198 in the surrounding Arusha District Council (2012 census). Located below Mount Meru on the eastern edge of the eastern bran ...

# Mount Meru Branch - Uhuru Road,

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

Zanzibar Zanzibar (; ; ) is an insular semi-autonomous province which united with Tanganyika in 1964 to form the United Republic of Tanzania. It is an archipelago in the Indian Ocean, off the coast of the mainland, and consists of many small islan ...

# Morogoro Branch - Lumumba Road,

Morogoro Morogoro is a city in the eastern part of Tanzania west of Dar es Salaam. Morogoro is the capital of the Morogoro Region. It is also known informally as "Mji kasoro bahari" which translates to “city short of an ocean/port." The Belgian based ...

# Mbeya Branch - Industrial Area,

Mbeya Mbeya is a city located in south west Tanzania, Africa. Mbeya's urban population is 620,000 according to the 2022 census. Mbeya is the capital of the surrounding rural Mbeya region (population, with Mbeya, totals approx. 2 million). Mbeya is sit ...

# Mtwara Branch - Tanu Road,

Mtwara Mtwara ( 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 somewhat neglected whe ...

# Iringa Branch - Iringa # Shinyanga Branch -

Shinyanga Shinyanga, also known as Shinyanga Mji in the local Swahili language, is a city in northern Tanzania. The city is the location of the regional headquarters of Shinyanga Region as well as the district headquarters of Shinyanga Urban District. The ...

# 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 226,999. ...

# Karatu Branch -

Karatu Karatu is one of the seven districts in the Arusha Region of Tanzania. The District covers an area of . and has an max elevation of ..It is bordered by the Ngorongoro District to the north, the Meatu District to the west in Simiyu Region. The ...

# 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 R ...

# Mwanakwerekwe Branch-

# Lumumba Branch - Ushirika Towers, Lumumba Street, Dar es Salaam # Udom Branch - UDOM College of Informatics, Dodoma

Governance

The chairman of the board is Ambassador Juma Mwapachu, a non-executive director. The

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

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 Companies of Tanzania Economy of Dar es Salaam 1997 establishments in Tanzania