Barclays Bank Tanzania

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Barclays Bank Tanzania
Type Private
Industry Financial Services
Founded 1925
Headquarters Dar es Salaam, Tanzania
Key people Kihara Maina
Managing Director
Fredrick Chibesa
Chief Operating Officer[1]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$1.91 million (TZS:3 billion) (2011)[2]
Total assets US$480 million (TZS:750 billion) (2011)
Employees 586 (August 2012)[3]
Website Homepage

Barclays Bank Tanzania Limited, commonly known as Barclays Bank Tanzania (BBT) is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.[4]

Overview

The bank is a large financial services provider in Tanzania, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. As of December 2011, its total asset base accounted for approximately 6% marketshare of all banking assets in the country. This puts the valuation of its total assets at about US$480 million (TZS:750 billion), given that total banking assets in Tanzania at the time were valued at US$8 billion (TZS:12.5 trillion).[5] Then, it employed 668 people in 32 networked branches with 54 ATMs, serving over 110,000 customers. It was ranked as the fourth-largest commercial bank in the country at that time.[6][7]

History

Barclays Bank was established in Tanzania in 1925. In 1967, it was nationalized and converted into National Bank of Commerce, Tanzania's largest bank by assets. With the liberalization of the economy in 1990s, Barclays Bank Plc re-entered the country, resuming business in 2000.[8]

Ownership

The stock of Barclays Bank Tanzania is owned by the following corporate entities:

Barclays Bank Tanzania Stock Ownership
Rank Name of OwnerPercentage Ownership
1ABSA Bank of South Africa
2Barclays Bank Plc of the United Kingdom
Total100.00

Branch Network

As of May 2012, Barclays Bank Tanzania maintains a network of 31 branches at the following locations:[9]

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

Governance

The Chairman of BBT is not publicly known at this time. The Managing Director of the bank is Kihara Maina.[10]

External links

See also

References

  1. ↑ Key People At Barclays Bank Tanzania
  2. ↑ December 2011 Aftertax Profit
  3. ↑ Barclays Bank Tanzania Suffers TZS:6.3 Billion (US$4.07 Million) Loss
  4. ↑ List of Licensed Commercial Banks In Tanzania
  5. ↑ Banking Sector Assets Increase By 2.5 Trillion Shillings
  6. ↑ Overview of Barclays Bank Tanzania
  7. ↑ Rankings of Tanzanian Commercial Banks By Assets 2011
  8. ↑ History of Barclays Bank Tanzania
  9. ↑ Branch Network of Barclays Bank Tanzania
  10. ↑ Kihara Maina Is Managing Director
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