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It is one of the banks licensed by the Bank of Tanzania, the national banking regulator. [1] The bank serves retail customers, corporate customer, and medium to large business enterprises. As of December 2011, it was the fifth-largest commercial bank in Tanzania, by assets, with an estimated asset base of US$793.1 million (TZS:1.24 trillion).
Mkombozi Commercial Bank Plc; Canara Bank Tanzania Ltd; Bank of Baroda Tanzania Ltd, part of Bank of Baroda Group; Stanbic Bank Tanzania Ltd, part of Standard Bank Group; Bank of Africa Tanzania Ltd, part of Bank of Africa Group; Habib African Bank Ltd, part of Habib Bank Group; KCB Bank Tanzania Ltd, part of KCB Group; Akiba Commercial Bank Plc
Stanbic Bank building in Dar es Salaam, Tanzania. In 1995, the bank acquired the operations of the Meridien BIAO Bank and renamed it Stanbic Bank Tanzania Limited. [8] In September 2012, Stanbic Bank Tanzania secured financing worth $3 billion for Mchuchuma Iron Ore and Liganga Coal mining project in the Ludewa district of the newly created ...
NIC Bank Tanzania; People's Bank of Zanzibar; Stanbic Bank; Standard Chartered Bank; United Bank for Africa [98] Zenith Bank [99] Registered regional unit banks.
NCBA Bank Tanzania is a medium-sized financial services provider in Tanzania. Its total assets as of 31 December 2022 was approximately TSh 428 billion (US$183 million), with TSh 46.7 billion (US$19.9 million), in shareholders equity.
The bank is a member of the ICB Banking Group, a financial services conglomerate, headquartered in Schindellegi, Switzerland, with subsidiaries in Tanzania and Bangladesh. [2] In the past, ICB Banking Group owned banking subsidiaries in thirteen countries in Eastern Europe, Asia and Africa. The group has since divested from those countries ...
NCBA Bank Tanzania: Retail banking: Dar es Salaam, Tanzania. [23] After a successful rights issue in 2013, NIC Group's interest in its Tanzanian subsidiary rose from 51 percent to 68.97 percent. [24] NCBA Bank Uganda: Retail banking: Kampala, Uganda. The group owns all of the shares of the unit. NCBA Bank Rwanda: Retail banking: Kigali, Rwanda.
The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993. [10] At the point of the merger, the bank was 96.31% owned by Standard Bank through Stanbic Africa Holdings Limited (SAHL) and the balance of 3.69% held by the Government of Kenya.