Commercial Bank of Africa (Tanzania) (CBAT) 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 ...

. It 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 ...

, 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. The bank is a subsidiary of the

Commercial Bank of Africa Group Commercial Bank of Africa Group (CBA Group) is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast. The CBA Group is a large financial ...

and has its headquarters in

Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper h ...

Kenya ) , national_anthem = " Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi ...

Location

The headquarters and main branch of CBA Tanzania Limited are located at Amani Place, along Ohio Street, in Dar es Salaam, Tanzania's largest city and

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

. 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 Dar es Salaam. 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 the British East Africa, before Nairobi was elevated to capital city status. It now serves as the capital of Mombasa County. The town is ...

, Kenya and in

Kampala, Uganda 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 ...

. 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 }), 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 ...

Branch network

, CBAT maintained branches at the following locations: # Ohio Street Branch: Amani Place, Ohio Street, Dar es Salaam Main Branch # Kariakoo Branch: Tropical Hotel, Narung'ombe Street, Dar es Salaam # Kijitonyama Branch:

Tanzania Telecommunications Company Limited Tanzania Telecommunications Corporation, formerly Tanzania Telecommunications Company Limited (TTCL), is the oldest and largest fixed line telecommunications company in Tanzania. The company comes forth from the former Tanzania Posts and Telec ...

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: ''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 ...

# Moshi Branch:

Building, Moshi # Arusha Branch: TFA Building, Fire 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 ...

# Mbeya Branch: 41 Soweto Area, Block ‘O,

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 ...

# Tunduma Branch:

Building , Plot no 56/2, Block I,

Tunduma Tunduma is a town in Songwe Region, Tanzania, on the border between Tanzania and Zambia. It has border posts for both the Tanzam Highway and the TAZARA railway (for which it has a station) linking the two countries. It is located 103 km southwe ...

, Mbeya # 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 ...

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