Exim Bank (Tanzania)
 | |
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1997 |
| Headquarters | Dar es Salaam, Tanzania |
Key people | Said Ally Mwema Chairman Dinesh Arora Chief Executive Officer Selemani Ponda Chief Financial Officer |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Revenue |  Aftertax: US$14 million (TZS:30.67 billion) (2015) |
| Total assets | US$700.8 million (TZS:1.5 trillion) (H1:2016)[1] |
Number of employees | 800+ (2015) |
| Website | Homepage |
Exim Bank (Tanzania) (EBT), is a commercial bank in Tanzania, the second-largest economy in the East African Community. The bank is one of the commercial banks licensed by the Bank of Tanzania, which is the country's central bank and national banking regulator.[2]
Overview
EBT is a large banking institution, providing commercial banking services to individuals, small-to-medium-sized businesses, and large corporate clients. As of December 2015[update], according to its website, the bank's total assets were valued at 1.25 trillion Tanzanian shillings (TZS) (US $584.7 million, assuming an exchange rate of TZS 2,138 per US dollar) with shareholders' equity of TZS 192 billion (US $90 million).[3] EBT is the fifth largest commercial bank in the country, by assets.[4] By June 2016, the bank's total assets had grown to TZS:1.5 trillion (approx. US$700.8 million).[1]
History
EBT was formed in 1997 by a group of Tanzanian business people, following the liberalization of the Tanzanian economy. It reportedly broke even within the first five months of operation.[5] As of November 2014[update], EBT maintains a wholly owned banking subsidiaries in the Comoros, Djibouti and Uganda. It is the first indigenous Tanzanian bank to own subsidiaries outside the country, as at March 2016.[6] In April 2010, the bank was authorized by the Bank of Tanzania to establish subsidiaries in Djibouti and Zambia, thus setting up the Exim Bank (East Africa) Group, a regional banking financial services organization. In March 2016, EBT acquired 58.6% of Imperial Bank (Uganda) Ltd and changed its name to Exim Bank (Uganda) Limited.[7]
Subsidiaries
As of March 2016[update], the bank maintains headquarters in Dar es Salaam, Tanzania's largest city. It maintains the following subsidiaries, which together form the Exim Bank Group (East Africa):[8]
- Exim Bank (Tanzania) - Dar-es-Salaam, Tanzania
- Exim Bank (Comoros) - Moroni, Comoros
- Exim Bank (Djibouti) - Djibouti City, Djibouti.
- Exim Bank (Uganda) - Kampala, Uganda.[9]
Ownership
The stock of Exim Bank (Tanzania) is owned by private individuals and corporate entities. The current shareholding in the bank is summarized in the table below: [10]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Yogesh Manek | 20.0 |
| 2 | Hanif Jaffer | 20.0 |
| 3 | Shaffin Jamal | 20.0 |
| 4 | Azim Kassam | 20.0 |
| 5 | Azim Virjee | 20.0 |
| TOTAL | 100.0 |
Branch Network
As of March 2016[update], EBT maintains branches 30 Branches and Mini branches at the following locations inside Tanzania:[11]
- Clock Tower Branch - Samora Avenue, Dar es Salaam
- Main Branch - Exim Tower, Dar es Salaam
- Mlimani Branch - Mlimani City, Dar es Salaam
- Samora Avenue Branch - 9 Samora Avenue, Dar-es-Salaam
- Kariakoo Branch - Morogoro Road, Dar es Salaam
- Namanga Branch - Namanga, Dar es Salaam
- Nyerere Road Branch - Nyerere Road, Dar es Salaam
- Temeke Branch - Chang'ombe, Dar es Salaam
- Ubungo Branch - Ubungo, Dar es Salaam
- Mwanza Branch - Kenyatta Road, Mwanza
- Arusha Branch - Goliondoi Road, Arusha
- Mount Meru Branch - Uhuru Road, Arusha
- Manyara Branch - Karatu, Arusha
- Moshi Branch - Boma Road, Moshi
- Tanga Branch - Independence Avenue, Tanga
- Zanzibar Branch - Mlandege Street, Zanzibar
- Morogoro Branch - Lumumba Road, Morogoro
- Mbeya Branch - Industrial Area, Mbeya
- Mtwara Branch - Tanu Road, Mtwara
- Iringa Branch - Iringa
- Shinyanga Branch - Shinyanga
- Tabora Branch - Tabora
- Karatu Branch - Karatu
- Kigoma Branch - Kigoma
- Kilimanjaro Branch - Moshi, Kilimanjaro
- Buguruni Branch - Buguruni, Dar es Salaam
- Babati Branch - Manyara
- Babati Mini Branch -Arusha
- Mwanakwerekwe Mini Branch- Zanzibar
- Ushirika Min Branch - Ushirika Towers, Lumumba Street, Dar es Salaam
Governance
The Chairman of the Board is Mr. Said Ally Mwema, a non-Executive Director. The Chief Executive Officer is Mr. Dinesh Arora, who is a non-shareholder.
See also
References
- ^ a b Kasumuni, Ludger (16 August 2016). "Tanzania: Exim Bank Marks 19th Anniversary". The Citizen (Tanzania). Retrieved 16 August 2016.
- ^ Bank of Tanzania. "Banking Supervision: Directory of Banks Operating In Tanzania". Bank of Tanzania. Retrieved 7 November 2014.
- ^ Press Release (7 March 2016). "Exim Bank now in 'Uganda'". Dar es Salaam: Exim Bank. Retrieved 7 March 2016.
- ^ TDN Reporter (9 April 2014). "Tanzania: Exim Bank Hits TSh20 Billion Profit Mark". Dar es Salaam: Tanzania Daily News via AllAfrica.com. Retrieved 10 November 2014.
- ^ "Exim Bank Tanzania: Company Profile and History". Ide.Go.Jp. Retrieved 7 November 2014.
- ^ EBT (18 April 2013). "Exim Bank Approaches The Trillion Shilling Milestone". Dar es Salaam: Exim Bank Tanzania (EBT). Retrieved 7 March 2016.
- ^ Emmanuel Tumusiime-Mutebile (7 March 2016). "Exim Bank Uganda takes over Imperial Bank Uganda" (PDF). Kampala: Bank of Uganda. Retrieved 16 August 2016.
- ^ Daily News Reporter (18 April 2013). "Exim Bank Group Assets Approach TSh1 Trillion (US$600 Million) Mark". Tanzania Daily News. Dar es Salaam. Retrieved 7 November 2014.
- ^ Coutinho, Brian (12 March 2016). "Tanzanian bank goes after Ugandan clients". East African Business Week. Kampala. Retrieved 14 March 2016.
- ^ EBT (4 April 2013). "Shareholders of The Company" (PDF). Exim Bank Tanzania. Retrieved 7 November 2014.
- ^ EBT. "The Branches of Exim Bank Tanzania". Exim Bank Tanzania. Retrieved 4 March 2016.
External links
- Website of Exim Bank Tanzania
- Exim Bank Attributes Success To Transparency And Innovation
- Exim Bank Embarks On Robust Expansion Drive
