Barclays Bank of Tanzania

Barclays Bank of Tanzania
Private
Industry Financial Services
Founded 1925
Headquarters Dar es Salaam, Tanzania
Key people
 Abdi Mohamed
Managing Director[1]
Fredrick Chibesa
Chief Operating Officer[2]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US $650,000 (TZS:1.075 billion) (Q1:2013)
Total assets US$ 382 million (TZS:634.34 billion) (March 2013)
Number of employees
 450 (2013)
Website Homepage

Barclays Bank of Tanzania Limited, commonly known as Barclays Bank of Tanzania (BBT), is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and national banking regulator.[3]

Overview

BBT is a large financial services provider in Tanzanian, serving large corporations, small-to-medium enterprises, and individuals. As of March 2013, its total assets were valued at about US $382 million (TZS:634.34 billion).[4] As of December 2013, BBT had 87,000 customers and 42 automated teller machines, and maintained 24 networked branches.[5]

History

BBT was established in Tanzania in 1925. In 1967, it was nationalized and converted into the National Bank of Commerce, Tanzania's largest bank by assets. With the liberalization of the economy in the 1990s, Barclays Bank Plc re-entered the country, resuming business in 2000.[6]

Ownership

The stock of BBT is owned by the following corporate entities:

Barclays Bank Tanzania Stock Ownership
Rank Name of OwnerPercentage Ownership
1 Barclays Africa Group of South Africa
2 Barclays Bank Plc of the United Kingdom
Total 100.00

Merger

As at March 2016, Barclays Bank Plc. is seeking regulatory approval in Tanzania to merge this bank with National Bank of Commerce (Tanzania) in which Barclays maintains 55% shareholding.[7]

Branch network

As of November 2014, BBT maintained a network of 24 branches at the following locations:[8]

  1. Ohio Street Branch - Barclays House, Ohio Street, Dar es Salaam Main Branch
  2. Slipway Branch - Msasani, Dar es Salaam
  3. Magomeni Branch - Magomeni, Dar es Salaam
  4. Kinondoni Branch - Kinondoni Market, Dar es Salaam
  5. Mwenge Branch - New Bagamoyo Road, Dar es Salaam
  6. Mikocheni Branch - Old Bagamoyo Road, Mikocheni, Dar es Salaam
  7. Pugu Branch - Nyerere Road, Dar es Salaam
  8. Kisutu Branch - Morogoro Road at Libya Street, Kisutu, Dar es Salaam
  9. Buguruni Branch - Buguruni, Dar es Salaam
  10. Uhuru Street Branch - Uhuru Street, Kariakoo, Dar es Salaam
  11. Arusha Sopa Plaza Branch - Sopa Plaza, Serengeti Road, Arusha
  12. Arusha TFA Branch - TFA Shopping Center, Arusha
  13. Mkunguni Street Branch - Mkunguni Street, Kariakoo, Dar es Salaam
  14. Mbeya Branch - Mwanjelwa, Mbeya
  15. Morogoro Branch - Lumumba Road, Morogoro
  16. Moshi Branch - Mawenzi Road, Moshi
  17. Dodoma Branch - Madukani Road, Dodoma
  18. Iringa Branch - Iringa
  19. Mwanza City Centre Branch - Pamba Road, Mwanza
  20. Tanga Branch - King Street, Tanga
  21. Zanzibar Main Branch - Zanzibar State Trading Corporation Building, Zanzibar
  22. Zanzibar Darajani Branch - Darajani Kisiwandui, Zanzibar

Governance

The managing director of the bank is Abdi Mohamed.[1]

See also

References

  1. 1 2 Guguyu, Otiato (28 April 2016). "Barclays Tanzania picks new chief executive". The EastAfrican. Nairobi. Retrieved 28 April 2016.
  2. ↑ BusinessWeek. "Company Overview of Barclays Bank Tanzania Limited". Bloomberg BusinessWeek. Retrieved 9 November 2014.
  3. ↑ "Directory of Commercial Banks Operating In Tanzania". Bank of Tanzania. Retrieved 9 November 2014.
  4. ↑ Corporate Digest, . (18 May 2013). "Barclays Bank Tanzania Manages To Cut Expenses". Cororate-Digest.Com. Retrieved 9 November 2014.
  5. ↑ Ndzamela, Phakamisa (9 June 2014). "Barclays To Keep Two Tanzanian Banks". Business Day (South Africa). Retrieved 9 November 2014.
  6. ↑ Barclays Bank Tanzania, . (2012). "Profile & History of Barclays Bank Tanzania". Barclays Bank Tanzania. Retrieved 9 November 2014.
  7. ↑ Olingo, Allan (12 March 2016). "Barclays to merge Tanzania units, says it will not split Africa business". The EastAfrican. Nairobi. Retrieved 12 March 2016.
  8. ↑ Barclays Bank Tanzania, . "The Branch Network of Barclays Bank Tanzania". Barclays Bank Tanzania. Retrieved 9 November 2014.

External links

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