| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 2011 |
| Headquarters | Dar es Salaam, Tanzania |
| Key people | Brigette Laydeker, Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Employees | 18 (2011) |
Advans Bank Tanzania Limited, commonly known as Advans Bank Tanzania is a commercial bank in Tanzania. It is one of the thirty (30) licensed commercial banks in the country.[1]
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The bank is a small financial services provider that focuses on serving very small, small and medium-sized enterprises and the individuals who own them in Tanzania. It operates as a Microfinance Bank.
Advans Bank Tanzania was established in 2011. It opened in first branch in Dar es Salaam, the capital city of Tanzania, following the issuance of a banking license by the Bank of Tanzania, thre banking regulator in the country. Opening with a staff of eighteen (18), the bank plans to increase its staff numbers to sixty-nine (69), by the end of 2011 and to open a second branch at another location in Dar es Salaam by 2012.[2]
Advans Bank Tanzania is a 100% subsidiary of Advans SA, a venture capital firm registered in Luxembourg, which aims to establish microfinance financial institutions in emerging economies. Founded in 2005, Advans SA owns microfinance institutions in the Democratic Republic of the Congo, Cameroon, Ghana, Cambodia, Cote d'Ivoire and Tanzania. As of March 2011[update], Advans SA has invested in excess of US$76 million (EUR:55 million), in the countries where they operate.[3]
As of March 2011[update], Advans Bank Tanzania maintains headquarters at Manzese, Dar es Salaam. A new branch is planned at another location in Dar es Salaam by the end of 2011.
The Managing Director and Chief Executive Officer (CEO) of Advans Bank Tanzania, is Brigette Laydeker.
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