Top 10 Banks In Tanzania
Below is the Top 10 Banks In Tanzania
1. CRDB with TZS 11.6 trillion (USD 4.9 billion)
2. NMB with TZS TZS 10.2 trillion (USD 4.2 billion)
3. NBC with TZS 2.8 trillion (USD 1.2 billion)
4. Exim with TZS 2.3 trillion (USD 1 billion)
5. DTB with TZS 1.6 trillion (USD 680 million)
6. PBZ with TZS 1.4 trillion (USD 590 million)
7. Stanbic with TZS 1.3 trillion (USD 560 million)
8. StanChart with TZS 1.3 trillion (USD 560 million)
9. Citi Bank with TZS 1.3 trillion (USD 560 million)
10. Absa with TZS TZS 1.1 trillion (USD 460 million)
Tanzania Banking Network
The banking institutions in Tanzania had an overall branch network of 957 branches in 2019, compared to 878 in 2018.
Most of the branches were located in the major cities of Dar es Salaam, Arusha, Mwanza, Moshi and Dodoma. Dar es Salaam had 290 branches which constituted 30.3% of all branches, followed by Arusha, 68 branches (7.1%), Mwanza, 67 (7%), Moshi, 46 (4.8%), and Dodoma, 41 (4.3%).
In 2013, the BoT introduced comprehensive agent banking guidelines that permit licensed banks and financial institutions to appoint retail agents for their banking services.
This provides a mechanism through which banks can profitably extend their services to previously unbanked lower-income individuals.
Which bank is most trusted in Tanzania?
In conclusion, the top banks in Tanzania are CRDB Bank, NMB Bank, National Bank of Commerce, Standard Chartered Bank, Commercial Bank of Africa, Exim Bank, and Bank of Africa.
Which bank in Tanzania is international?
Standard Chartered is one of the oldest International Banks in Tanzania having started operations in 1917. Standard Chartered is one of the oldest International Banks in Tanzania having started operations in 1917.