| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2007 |
| Headquarters | NDC Development House, Ohio Street, Dar es Salaam, Tanzania |
Key people | Nehemiah Kyando Mchechu Chairperson [1] Adam Charles Mihayo Managing Director |
| Products | Loans, savings, investments, debit cards, credit cards, mortgages |
| Total assets | TSh 564 billion (US$245.4 million) (2019) [2] |
| Website | boatanzania |
Bank of Africa Tanzania Limited, also known as BOA Tanzania (BOAT), is one of the commercial banks in Tanzania that have been licensed by the Bank of Tanzania, the country's central bank and national banking regulator. [3]
The headquarters and main branch of Bank of Africa Tanzania Limited, are located at National Development Corporation House, Ohio Street, at the corner with Kivukoni Road, in the central business district of Dar es Salaam, Tanzania's business capital and largest city. [4] The geographical coordinates of the bank's headquarters are: 6°49'03.0"S, 39°17'31.0"E (Latitude:-6.817500; Longitude:39.291944). [5]
BOA Tanzania is a retail commercial bank that provides services to multinational companies, mid-size local enterprises, and small retail businesses. As of December 2019, BOA Tanzania was a medium-sized financial services provider, with total assets of TSh 564 billion (approximately US$245.4 million), with customer deposits totalling TSh 390 billion (approximately US$169.7 million). [2]
The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in 18 countries, across a network of 16 commercial banks, one financial corporation, one banque de l’habitat, one brokerage firm, two investment companies, one asset management company and one Group representative office in Paris. As of December 2018, the group's total assets were valued at €7.62 billion (US$8.24 billion). [6]
BOA Tanzania started its operations in June 2007, when Bank of Africa Group acquired Euroafrican Bank Tanzania, which had been operational since 1995. [7]
The bank is supervised by a board of directors, chaired by Nehemiah Kyando Mchechu, a non-executive board member. [8] The managing director and chief executive officer of the bank is Adam Charles Mihayo. [2] [8] [9]
As of December 2019, the bank maintained 27 networked branches, including 13 branches in Dar es Salaam, 13 branches in other Tanzanian cities and towns and one Business Centre in Dar es Salaam.[ citation needed ]
CRDB Bank Plc is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator. As of September 2022, CRDB Bank was the largest commercial bank in Tanzania.
Azania Bank Limited, whose formal name is First Adili Bancorp Limited, and is commonly referred to as Azania Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania (BOT), the central bank and national banking regulator.
I&M Bank Tanzania Limited is a commercial bank in Tanzania headquartered in Dar es Salaam and a subsidiary of Kenyan based I&M Bank Group. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and the national banking regulator. In August 2019, the bank was fined TSh 1 billion (US$435,000) because of the failure to establish a data center in the East African nation.
Exim Bank (Tanzania) (EBT), is a commercial bank in Tanzania, the second-largest economy in the East African Community. The bank is licensed by the Bank of Tanzania, which is the country's central bank and national banking regulator.
Bank M was a commercial bank in Tanzania. It was licensed by the Bank of Tanzania, the country's central bank and national banking regulator, to engage in commercial banking.
Akiba Commercial Bank (ACB) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
Dar es Salaam Community Bank (DCB), whose official name is DCB Commercial Bank, but is commonly called DCB Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
Commercial Bank of Africa (Tanzania)(CBAT) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator. The bank is a subsidiary of the Commercial Bank of Africa Group and has its headquarters in Nairobi, Kenya.
Mkombozi Commercial Bank Plc. is a commercial bank in Tanzania. It is licensed by Bank of Tanzania, the central bank and national banking regulator. Mkombozi is a Swahili word meaning Savior
TIB Development Bank, formerly known as Tanzania Investment Bank (TIB), is a government-owned development bank in Tanzania. The bank is the first development finance institution established by the Government of Tanzania. The activities of TIB are supervised by the Bank of Tanzania, the central bank and national banking regulator. TIB is registered as a Development Financial Institution.
NCBA Bank Tanzania Limited, is a merged bank between Commercial Bank of Africa (Tanzania) and NIC Bank Tanzania. It is a commercial bank in Tanzania licensed by the Bank of Tanzania, the central bank and national banking regulator.
Letshego Bank Tanzania Limited, commonly known as Letshego Bank is a commercial bank in Tanzania, licensed by Bank of Tanzania, the central bank and national banking regulator.
Absa Bank Tanzania Limited (ABT), formerly Barclays Bank Tanzania Limited, is a commercial bank in Tanzania and a subsidiary of South Africa-based Absa Group Limited. ABT is licensed by the Bank of Tanzania, the country's central bank and national banking regulator.
Diamond Trust Bank Tanzania Plc (DTBT) is a commercial bank in Tanzania, licensed by the Bank of Tanzania.
Selcom Microfinance Bank Tanzania (SMBT), previously known as Access Microfinance Bank Tanzania (AMBT), is a microfinance bank located in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
Amana Bank is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
The Bank of Baroda Tanzania Limited (BBTL), also known as the Bank of Baroda Tanzania, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.
International Commercial Bank Tanzania Limited(ICBT), is a commercial bank in Tanzania, the third-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator.
The CRDB Bank Group, is a privately owned conglomerate in Tanzania. The anchor company in the group is CRDB Bank Plc., the largest commercial bank in Tanzania, based on assets. As of 31 December 2023 CRDB Bank had assets valued at TSh10.897 trillion.
| Categories | |
|---|---|
| Districts | |
| History | |
| Education | |
| Transport | |
| Landmarks | |
| National Parks | |
