First National Bank of Tanzania

First National Bank Tanzania
Type	Private
Industry	Financial Services
Founded	2011
Headquarters	Dar-es-Salaam, Tanzania
Products	Loans, Checking, Savings, Investments, Debit Cards
Number of employees	Richard Hudson Chief Executive Officer
Website	Homepage

First National Bank Tanzania (FNBT), is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.^[1]

Overview

FNBT is a small, but growing commercial bank in Tanzania. At this time, its total asset valuation and shareholders' equity are unknown.

First Rand Group

The bank is a subsidiary of the First Rand Group, a large financial services provider, with headquarters in Johannesburg, South Africa. As of June 2011, the group's total assets were valued in excess of US$90 billion (ZAR:698 billion).^[2] The group has operational subsidiaries in South Africa, Botswana, Mozambique, Namibia, Lesotho, Swaziland, Tanzania and Zambia. First Rand also has interests in Australia and India.^[3] The Group has interest in expanding its operations into Angola, Ghana and Nigeria.^[4] In May 2012, press reports indicated that the group had expansion plans into Kenya, Rwanda and Uganda. ^[5]

History

The bank commenced operations in Tanzania, in July 2011, following the issuance of a commercial banking licence by Bank of Tanzania, the country's central bank and national banking regulator. Its headquarters and main branch are located in Dar es Salaam, the national capital and largest city in the country.

Ownership

As of May 2012, FNBT stock is 100% owned by the First Rand Group, a large financial services provider, based in South Africa, with subsidiaries in about 10 sub-Saharan countries, as well as in Australia and India. The stock of the group is listed on the Johannesburg Securities Exchange (JSE), where it trades under the symbol: FSR.

Branch Network

As of May 2012, First National Bank of Tanzania maintains branches at the following locations:^[6]

Main Branch - Dar es Salaam (Operational)
Second Dar es Salaam Branch - Dar es Salaam (Operational)
Third Dar es Salaam Branch - Dar es Salaam (Operational)
Fourth Dar es Salaam Branch - Dar es Salaam (Operational)
Arusha Branch - Arusha (Operational)
Mwanza Banch - Mwanza (Operational)
Mbeya Branch - Mbeya (Coming soon)
Dodoma Branch - Dodoma (Coming soon)
Kijangwani Branch - Zanzibar

References

External links

Banks of Tanzania
Big four Banks	CRDB Bank Exim Bank National Bank of Commerce(NBC) National Microfinance Bank (NMB)
Commercial banks	AccessBank Advans Bank Akiba Commercial Bank Amana Bank Azania Bank Bank M Bank of Baroda Barclays Bank Tanzania Commercial Bank of Africa Dar es Salaam Community Bank Diamond Trust Bank Ecobank Equity Bank First National Bank Tanzania FBME Bank Habib African Bank I&M Bank ICB Bank Kenya Commercial Bank Mkombozi Commercial Bank NIC Bank People's Bank of Zanzibar
Major foreign banks	BancABC Bank of Africa Citibank Bank of India Stanbic Bank Standard Chartered United Bank for Africa United Bank Limited
Financial institutions	Maendeleo Bank Tanzania Postal Bank Tanzania Women's Bank Limited
Development bank	Tanzania Agricultural Development Bank Tanzania Investment Bank
Central Bank of Tanzania

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