Exim Bank (Tanzania)

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, 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). EBT is the fifth largest commercial bank in the country, by assets. By June 2016, the bank's total assets had grown to TZS:1.5 trillion (approx. US$700.8 million).

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. As of November 2014, 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. 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.

Subsidiaries

As of March 2016, 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):

1. Exim Bank (Tanzania) - Dar-es-Salaam, Tanzania
2. Exim Bank (Comoros) - Moroni, Comoros
3. Exim Bank (Djibouti) - Djibouti City, Djibouti.
4. Exim Bank (Uganda) - Kampala, Uganda.

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:

Branch Network

As of March 2016, EBT maintains branches 30 Branches and Mini branches at the following locations inside Tanzania:

1. Clock Tower Branch - Samora Avenue, Dar es Salaam
2. Main Branch - Exim Tower, Dar es Salaam
3. Mlimani Branch - Mlimani City, Dar es Salaam
4. Samora Avenue Branch - 9 Samora Avenue, Dar-es-Salaam
5. Kariakoo Branch - Morogoro Road, Dar es Salaam
6. Namanga Branch - Namanga, Dar es Salaam
7. Nyerere Road Branch - Nyerere Road, Dar es Salaam
8. Temeke Branch - Chang'ombe, Dar es Salaam
9. Ubungo Branch - Ubungo, Dar es Salaam
10. Mwanza Branch - Kenyatta Road, Mwanza
11. Arusha Branch - Goliondoi Road, Arusha
12. Mount Meru Branch - Uhuru Road, Arusha
13. Manyara Branch - Karatu, Arusha
14. Moshi Branch - Boma Road, Moshi
15. Tanga Branch - Independence Avenue, Tanga
16. Zanzibar Branch - Mlandege Street, Zanzibar
17. Morogoro Branch - Lumumba Road, Morogoro
18. Mbeya Branch - Industrial Area, Mbeya
19. Mtwara Branch - Tanu Road, Mtwara
20. Iringa Branch - Iringa
21. Shinyanga Branch - Shinyanga
22. Tabora Branch - Tabora
23. Karatu Branch - Karatu
24. Kigoma Branch - Kigoma
25. Kilimanjaro Branch - Moshi, Kilimanjaro
26. Buguruni Branch - Buguruni, Dar es Salaam
27. Babati Branch - Manyara
28. Babati Mini Branch -Arusha
29. Mwanakwerekwe Mini Branch- Zanzibar
30. 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.