Exim Bank (Tanzania)
| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1997 |
| Headquarters | Dar es Salaam, Tanzania |
| Key people |
Yogesh Manek Chairman Anthony Grant Managing Director Selemani Ponda Chief Financial Officer |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Revenue |
 Aftertax: US$12.83 million (TZS:20.1 billion) (2012)[1] |
| Total assets | US$733.33+ million (TZS:1.15 trillion) (Q3:2013) |
| Employees | 680 (2012) |
| Website | Homepage |
Exim Bank (Tanzania) (EBT), is a commercial bank in Tanzania. The bank is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.[2]
Overview
EBT is a large banking institution, providing commercial banking services to individuals, small-to-medium sized businesses (SMEs), and large corporate clients.[3] As of September 2013, the bank's total asset valuation was estimated at over US$733.33 million (TZS:1.15 trillion), with shareholders' equity valued at approximately US$86.72 million (TZS:136 billion). At that time, the bank was ranked 5th out of the 34 licensed commercial banks in the country, by assets.[4]
In December 2010 EBT was the winner for the Best Presented Financial Statement for 2009 at an event in Arusha hosted by the National Board of Accountants and Auditors.[5]
History
EBT was formed in 1997 by a group of Tanzanian businesspeople, following the liberalization of the Tanzanian economy. It reportedly broke even within the first five months of operation.[6] As of September 2010, EBT maintains a banking subsidiary in the Comoros (Exim Bank (Comores)), which it owns 100%. EBT remains the only indigenous Tanzanian Bank with outside subsidiaries. In April 2010, the bank received authorization from the Bank of Tanzania, the country's banking regulator, to establish subsidiaries in Djibouti and in Zambia, thus setting up the Exim Bank Group, a regional banking financial services organization.[7] EBT also owns a minority shareholding (5.8%) in the National Microfinance Bank.[8]
Subsidiaries
As of May 2012, the bank maintains headquarters in Dar es Salaam, Tanzania's largest city. It maintains the following subsidiaries, which together form the Exim Bank Group:[9]
- Exim Bank (Tanzania) - Dar-es-Salaam, Tanzania
- Exim Bank (Comoros) - Moroni, Comoros
- Exim Bank (Djibouti) - Djibouti City, Djibouti
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: [10]
| Exim Bank (Tanzania) Stock Ownership | ||||||||||||||||||
Branch NetworkAs of September 2010, EBT maintains branches at the following locations inside Tanzania:[11]
GovernanceThe Chairman of the Board is Yogesh Manek, a non-Executive Director, and a shareholder in the bank. The Managing Director and Chief Executive Officer is Anthony Grant, who is a non-shareholder. External links
See alsoReferences
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