People's Bank of Zanzibar

Last updated
The People's Bank of Zanzibar Limited
Type 100% Government Owned
Industry Financial services
Founded30th June, 1966
HeadquartersZIC Building, Mpirani, Zanzibar, Tanzania
Key people
Dr. Estella Ngoma
Chairwoman
Dr. Muhsin Salim
managing director
ProductsLoans, savings, checking, investments, debit cards, credit cards, mortgages, Islamic Financing
RevenueTSh 82,906,799,921/= (Dec 2020)
TSh 18,350,163,377/= (Dec 2020)
Total assets TSh 752,829,295,205/= (Dec 2020)
Number of employees
501 (Dec 2020)
Website Company website

The People's Bank of Zanzibar (PBZ) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator. [1]

Contents

Overview

As of June 2014, PBZ was a medium-sized financial institution, with total assets of approximately TSh 321.35 billion. At that time, the bank's shareholders' equity was about TSh 29.6 billion. The bank employed 236 full-time staff as of 30 June 2014. [2]

History

The bank was founded in 1966 by the government of Zanzibar. It functions as a retail bank, serving individuals, small and medium enterprises (SMEs), and large corporate clients. Initially, its service area was limited to the islands of Zanzibar and Pemba.

In April 2011, the bank opened a branch in Dar es Salaam on the mainland. As of May 2012, it planned new branches in Mwanza, Arusha, Mtwara, and Mbeya. [3]

In December 2011, the bank launched an Islamic bank window, in addition to the conventional banking services that it offers. [4]

Ownership

PBZ is wholly owned by the government of Zanzibar.

Branch network

As of November 2014, The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations:

  1. Malindi Branch - Near Ministry of Agriculture, Zanzibar Main Branch
  2. Chake Chake Branch - Chake-Chake, Pemba
  3. Forodhani Branch - Forodhani Park, Zanzibar
  4. Mwanakwerekwe Branch - Mwanakwerekwe, Zanzibar
  5. Mkoani Branch - Zanzibar Port Authority Building, Zanzibar
  6. Wete Branch - Ground Floor, Zanzibar Electricity Corporation Building, Zanzibar
  7. Mlandege Branch - Muzammil Building, Mlandege
  8. Kariakoo Branch - Opposite Kariakoo Main Market, Zanzibar
  9. Dar es Salaam Branch I - Mbagala, Dar es Salaam [5]
  10. Tazara Branch - Dar es Salaam, Junction of TAZARA
  11. Mtwara Branch - Mtwara [6] [7]

See also

Related Research Articles

<span class="mw-page-title-main">Bank of Tanzania</span> Central Bank of Tanzania

The Bank of Tanzania is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling.

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.

<span class="mw-page-title-main">I&M Bank Tanzania Limited</span> Commercial bank in Tanzania

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.

<span class="mw-page-title-main">NMB Bank Tanzania</span> Commercial bank in Tanzania

NMB Bank Plc., is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

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.

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.

<span class="mw-page-title-main">Mkombozi Commercial Bank</span> Tanzanian banking and financial service corporation

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

<span class="mw-page-title-main">TIB Development Bank</span>

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 Registered Financial Institution.

<span class="mw-page-title-main">NCBA Bank Tanzania</span> Tanzanian commercial bank

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.

Standard Chartered Tanzania, whose official name is Standard Chartered Bank Tanzania Limited, but is often referred to as Stanchart Tanzania, is a commercial bank in Tanzania, and is a wholly owned subsidiary of Standard Chartered. It is one of the banks licensed by the Bank of Tanzania, the national banking regulator.

<span class="mw-page-title-main">Absa Bank Tanzania</span> Commercial bank in Tanzania

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.

Tanzania Women Bank Limited (TWBL) is a Tanzanian bank that specialises in providing financial services to women. It is listed as a "Registered Financial Institution" by the Bank of Tanzania, the central bank and national banking regulator.

<span class="mw-page-title-main">Dar es Salaam commuter rail</span> Public transit system in Tanzania

The Dar es Salaam commuter rail, informally known as Treni ya Mwakyembe, is an urban and suburban commuter rail network serving the Tanzanian commercial city of Dar es Salaam. It is one of the two initiatives taken by the government to ease travel within the congested city; the other being the Dar es Salaam bus rapid transit system. Services are provided by the Tanzania-Zambia Railway Authority (TAZARA) and Tanzania Railways Limited (TRL).

<span class="mw-page-title-main">Yetu Microfinance</span> Tanzanian microfinance bank

Yetu Microfinance Bank Plc. (YETU) is a microfinance bank in Tanzania. It is the first microfinance institution to be listed in the Dar es Salaam Stock Exchange. Yetu is a Swahili word meaning Ours.

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.

References

  1. ↑ BOT. "Directory of Commercial Banks Operating In Tanzania". Dar es Salaam: Bank of Tanzania (BOT). Retrieved 21 November 2014.
  2. ↑ PBZ (11 August 2014). "Statement of Financial Position As At 30 June 2014" (PDF). Zanzibar City: People's Bank of Zanzibar (PBZ). Retrieved 9 August 2016.
  3. ↑ Tongo, Michelle (1 May 2012). "People's Bank of Zanzibar To Roll Out Mobile Money Transfers". ItNewsAfrica.Com. Retrieved 21 November 2014.
  4. ↑ Mbogo, Steve (21 December 2011). "Zanzibar's People's Bank Opens Islamic Window". TheIslamicGlobe.Com . Retrieved 21 November 2014.
  5. ↑ PBZ (March 2012). "Audited 31 December 2011 Financial Report: Future Development Plans" (PDF). People's Bank of Zanzibar (PBZ). Archived (PDF) from the original on 2014-12-20. Retrieved 21 November 2014.
  6. ↑ Philemon, Beatrice (13 November 2014). "People's Bank of Zanzibar Targets Dar es Salaam, Mtwara". Dar es Salaam: IPP Media. Retrieved 21 November 2014.
  7. ↑ Mugarula, Florence (9 August 2016). "Tanzania: Samia Hails PBZ Bank for Opening Up More On Tanzania Mainland". Tanzania Daily News via AllAfrica.com . Dar es Salaam. Retrieved 9 August 2016.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.