Type Private Founded 1925 Number of employees 450 (2013) | Industry Financial Services Headquarters Dar es Salaam Parent organization Barclays | |
Key people Abdi Mohamed
Managing Director
Sabiha Gulam
Chief Operating Officer Products Loans, Checking, Savings, Investments, Debit Cards Revenue Aftertax:US $650,000 (TZS:1.075 billion) (Q1:2013) Total assets US$ 382 million (TZS:634.34 billion) (March 2013) | ||
Barclays Bank of Tanzania Limited, commonly known as Barclays Bank of Tanzania (BBT), is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and national banking regulator.
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Overview
BBT is a large financial services provider in Tanzanian, serving large corporations, small-to-medium enterprises, and individuals. As of March 2013, its total assets were valued at about US $382 million (TZS:634.34 billion). As of December 2013, BBT had 87,000 customers and 42 automated teller machines, and maintained 24 networked branches.
History
BBT was established in Tanzania in 1925. In 1967, it was nationalized and converted into the National Bank of Commerce, Tanzania's largest bank by assets. With the liberalization of the economy in the 1990s, Barclays Bank Plc re-entered the country, resuming business in 2000.
Ownership
The stock of BBT is owned by the following corporate entities:
Merger
As at March 2016, Barclays Bank Plc. is seeking regulatory approval in Tanzania to merge this bank with National Bank of Commerce (Tanzania) in which Barclays maintains 55% shareholding.
Branch network
As of November 2014, BBT maintained a network of 24 branches at the following locations:
- Ohio Street Branch - Barclays House, Ohio Street, Dar es Salaam Main Branch
- Slipway Branch - Msasani, Dar es Salaam
- Magomeni Branch - Magomeni, Dar es Salaam
- Kinondoni Branch - Kinondoni Market, Dar es Salaam
- Mwenge Branch - New Bagamoyo Road, Dar es Salaam
- Mikocheni Branch - Old Bagamoyo Road, Mikocheni, Dar es Salaam
- Pugu Branch - Nyerere Road, Dar es Salaam
- Kisutu Branch - Morogoro Road at Libya Street, Kisutu, Dar es Salaam
- Buguruni Branch - Buguruni, Dar es Salaam
- Uhuru Street Branch - Uhuru Street, Kariakoo, Dar es Salaam
- Arusha Sopa Plaza Branch - Sopa Plaza, Serengeti Road, Arusha
- Arusha TFA Branch - TFA Shopping Center, Arusha
- Mkunguni Street Branch - Mkunguni Street, Kariakoo, Dar es Salaam
- Mbeya Branch - Mwanjelwa, Mbeya
- Morogoro Branch - Lumumba Road, Morogoro
- Moshi Branch - Mawenzi Road, Moshi
- Dodoma Branch - Madukani Road, Dodoma
- Iringa Branch - Iringa
- Mwanza City Centre Branch - Pamba Road, Mwanza
- Tanga Branch - King Street, Tanga
- Zanzibar Main Branch - Zanzibar State Trading Corporation Building, Zanzibar
- Zanzibar Darajani Branch - Darajani Kisiwandui, Zanzibar
Governance
The managing director of the bank is Abdi Mohamed.