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Equity Bank Tanzania Limited

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Equity Bank Tanzania Limited
Company typePrivate
IndustryFinancial Services
Founded2012
HeadquartersGolden Jubilee Towers, Ohio Street Dar es Salaam, Tanzania
Key people
Robert Kiboti - Managing Director
ProductsLoans, Checking, Savings, Investments, Debit Cards, Diaspora Banking
Total assetsUS$142.42 million (Q3:2014)
Number of employees
399 (Q4:2019)
ParentEquity Group Holdings Limited
Websitetz.equitybankgroup.com

Equity Bank Tanzania Limited, is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator.[1][2] The bank is a member of the Equity Group Holdings Limited, a large financial services conglomerate, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, Democratic Republic of the Congo, Mozambique, and Zambia.[3]

Overview

As of September 2014, Equity Bank Tanzania Limited owned total assets valued at US$143.42 million, with US$107.68 million in customer deposits and a loan book of US$87.1 million.[4] As at 31 June 2016, his bank was the leading originator of mortgage loans in Tanzania, accounting for an estimated TZS:96 billion (approx. US$45 million) in total mortgage loans.[5] At that time this translated in about 20 percent market share of all mortgage loans in the country.[5]

Equity Group Holdings Limited

Equity Group Holdings Limited is a large financial services group in East Africa.[6] As of March 2014, The group had an asset base valued at over US$3.45 billion (KES:295 billion), with a total customer base in excess of 8.7 million, in the region the group serves.[7] The companies that comprise the Equity Bank Group include the following:[8]

  1. Equity Bank Kenya Limited – Nairobi, Kenya Kenya
  2. Equity Bank Rwanda Limited – Kigali, Rwanda Rwanda
  3. Equity Bank South Sudan Limited – Juba, South Sudan South Sudan
  4. Equity Bank Tanzania Limited – Dar es Salaam, Tanzania Tanzania
  5. Equity Bank Uganda Limited – Kampala, Uganda Uganda
  6. Equity Bank Congo – Kinshasa, Democratic Republic of the Congo Democratic Republic of the Congo
  7. Equity Consulting Group Limited – Nairobi, Kenya Kenya
  8. Equity Insurance Agency Limited – Nairobi, Kenya Kenya
  9. Equity Nominees Limited – Nairobi, Kenya Kenya
  10. Equity Investment Services Limited – Nairobi, Kenya Kenya
  11. Finserve Africa Limited – Nairobi, Kenya Kenya
  12. Equity Group Foundation – Nairobi, Kenya Kenya

Shares of the stock of Equity Group Holdings Limited, are listed on the Nairobi Stock Exchange (NSE), under the symbol EQTY. The Group's stock is also cross-listed on the Uganda Securities Exchange (USE), under the symbol EBL.

Branches

As of October 2016, Equity Bank Tanzania maintained networked branches at the following locations:[9]

  1. Supreme Branch - Golden Jubilee Tower, Ohio Street, Dar es Salaam - Branch Code: 3006
  2. Mbagala Branch - Kilwa Road, Mbagala, Dar es Salaam -Branch Code: 3008
  3. Mwenge Branch - Sam Nujoma Road, Mwenge, Dar es Salaam - Branch Code: 3007
  4. Arusha Branch - Arusha Trade Centre, Uhuru Road, Arusha - Branch Code: 3002
  5. Mwanza Branch - Postal Road, Opposite Mwanza Hotel, Mwanza - Branch Code: 3005
  6. Quality Centre Branch - Quality Centre Mall, Pugu Road At Nyerere Road, Dar es Salaam - Branch Code: 3001
  7. Kariakoo Branch - Uhuru Road, Opposite JD Pharmacy, Kariakoo, Dar es Salaam -Branch Code: 3003
  8. Golden Jubilee Branch - Golden Jubilee Tower, Ohio Street, Dar es Salaam -Branch Code: 3004
  9. Supreme Centre Branch - Dar es Salaam[10]
  10. Dodoma Branch - Dodoma[10]
  11. Temeke Branch - Temeke[10]
  12. Diaspora Branch [10]
  13. Moshi Branch - Moshi[10]
  14. Mbeya Branch - Mbeya[10]
  15. Zanzibar Branch - Zanzibar City, Zanzibar[10]

See also

References

  1. ^ Bank of Tanzania (2019). "Directory of Commercial Banks Operating In Tanzania". Dar es Salaam: Bank of Tanzania (BOT). Retrieved 5 July 2019.
  2. ^ Bank of Tanzania (20 February 2012). "Bank of Tanzania Issues Commercial Banking License To Equity Bank Tanzania Limited" (PDF). Bank of Tanzania. Retrieved 13 November 2014.
  3. ^ Victor Juma (5 July 2019). "Equity deal adds 2,641 new staff to payroll". Business Daily Africa. Nairobi. Retrieved 5 July 2019.
  4. ^ MXM (October 2013). "MFI Report: Equity Bank Tanzania Limited". MixMarket.Org (MXM). Retrieved 3 December 2014.
  5. ^ a b Business Daily Correspondent (23 September 2016). "Equity Bank dominates mortgage lending in Tanzania". Business Daily Africa. Nairobi. Retrieved 24 September 2016. {{cite web}}: |author= has generic name (help)
  6. ^ Jackson Okoth, and Reuters (31 October 2014). "Equity Bank Posts 25% Jump In 9-Month Pretax Profit". The Standard (Kenya). Retrieved 13 November 2014. {{cite web}}: |first= has generic name (help)
  7. ^ Kangethe, Kennedy (17 April 2014). "Equity Group In 20 Percent Profit Rise to KSh3.8 Billion". Capital FM Online (Nairobi) via AllAfrica.com. Retrieved 13 November 2014.
  8. ^ Wahito, Margaret (31 October 2014). "Equity Bank Restructuring To Form New Holding Company". Capital FM Online (Nairobi). Retrieved 13 November 2014.
  9. ^ EBTL (5 October 2016). "Equity Bank Tanzania Limited: Branches". Dar es Salaam: Equity Bank Tanzania Limited (EBTL). Retrieved 5 October 2016.
  10. ^ a b c d e f g Ngugi, Brian (5 October 2016). "Equity Bank opens branch in Zanzibar". Business Daily Africa. Nairobi. Retrieved 5 October 2016.
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