Barclays Bank Tanzania
|Headquarters||Dar es Salaam, Tanzania|
|Key people||Kihara Maina
Chief Operating Officer
|Products||Loans, Checking, Savings, Investments, Debit Cards|
|Revenue||Aftertax:US$1.91 million (TZS:3 billion) (2011)|
|Total assets||US$480 million (TZS:750 billion) (2011)|
|Employees||586 (August 2012)|
Barclays Bank Tanzania Limited, commonly known as Barclays Bank Tanzania (BBT) is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.
The bank is a large financial services provider in Tanzania, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. As of December 2011[update], its total asset base accounted for approximately 6% marketshare of all banking assets in the country. This puts the valuation of its total assets at about US$480 million (TZS:750 billion), given that total banking assets in Tanzania at the time were valued at US$8 billion (TZS:12.5 trillion). Then, it employed 668 people in 32 networked branches with 54 ATMs, serving over 110,000 customers. It was ranked as the fourth-largest commercial bank in the country at that time.
Barclays Bank was established in Tanzania in 1925. In 1967, it was nationalized and converted into National Bank of Commerce, Tanzania's largest bank by assets. With the liberalization of the economy in 1990s, Barclays Bank Plc re-entered the country, resuming business in 2000.
The stock of Barclays Bank Tanzania is owned by the following corporate entities:
|Barclays Bank Tanzania Stock Ownership|