Exim Bank Group (East Africa)
| Company type | Private conglomerate |
|---|---|
| Industry | Banking and Finance |
| Predecessor | N/A |
| Founded | August 15, 1997 |
| Headquarters | |
Key people | Said Mwema Group Chairman Dinesh Arora Group CEO |
| Products | Loans, mortgages, investments, debit cards, credit cards |
| Revenue |  :Pretax:US$30 million (Q2:2016)[1] |
| Total assets | US$3.3 billion (June 2016)[1] |
| Website | Homepage |
Exim Bank Group (East Africa) (EBGEA), is a financial services conglomerate based in the African Great Lakes region. EBGEA's headquarters are in Dar es Salaam, Tanzania, with subsidiaries in Uganda, Tanzania, Comoros, Djibouti and Ethiopia.[1][2]
Overview
EBGEA is a large financial services conglomerate. As of 30 June 2016, it had estimated assets exceeding US$3.3 billion. At that time, the group had total of 43 branches in four countries across the East African region. The bank issues "TANAPA" cards, Mastercards and VISA cards, acceptable regionally and internationally.[1]
History
EBT was formed in 1997 by a group of Tanzanian business people. The bank is reported to have broken even within the first five months of operation.[3] The subsidiary in the Comoros was established first, in 2007. Later, in 2011, Exim Bank opened a subsidiary in Djibouti. In 2016, the bank set foot in neighboring Uganda, by acquiring shareholding in the former Imperial Bank Uganda, converting it into Exim Bank Uganda.[4][5] In December 2019 the Group established a representative office in Ethiopia, through its Djibouti subsidiary.[2]
Member companies
The group consists of the following subsidiaries: (a) Exim Bank (Comoros), (b) Exim Bank (Djibouti), (c) Exim Bank (Uganda) and Exim Bank (Tanzania).[5]
See also
- List of banks in Tanzania
- List of banks in Uganda
- List of banks in Djibouti
- List of banks in Comoros
References
- ^ a b c d Timothy Kitundu (28 August 2016). "East Africa: Exim Bank Tanzania Assets Top U.S.$3 Billion". East African Business Week via AllAfrica.com. Kampala. Retrieved 17 October 2017.
- ^ a b The Citizen (25 November 2019). "Exim Bank expands its wings to Ethiopia". The Citizen (Tanzania). Dar es Salaam. Retrieved 3 December 2019.
- ^ IGJ (2009). "Exim Bank Tanzania: Company Profile and History". Ide.Go.Jp (IGJ). Retrieved 17 October 2017.
- ^ EBTANZ (17 October 2017). "Exim Bank Tanzania: About Us". Dar es Salaam: Exim Bank (Tanzania) (EBTANZ). Retrieved 17 October 2017.
- ^ a b Big Eye (18 May 2016). "Exim Bank Celebrates Another Milestone In East Africa's Financial Sector". Bigeye.ug (Big Eye). Retrieved 17 October 2017.