First National Bank of Tanzania

Overview

FNBT is a small, but growing commercial bank in Tanzania. At this time, its total asset valuation and shareholders' equity are unknown.

First Rand Group

The bank is a subsidiary of the First Rand Group, a large financial services provider, with headquarters in Johannesburg, South Africa. As of June 2011, the group's total assets were valued in excess of US$90 billion (ZAR:698 billion). The group has operational subsidiaries in South Africa, Botswana, Mozambique, Namibia, Lesotho, Swaziland, Tanzania and Zambia. First Rand also has interests in Australia and India. The Group has interest in expanding its operations into Angola, Ghana and Nigeria. In May 2012, press reports indicated that the group had expansion plans into Kenya, Rwanda and Uganda.

History

The bank commenced operations in Tanzania, in July 2011, following the issuance of a commercial banking licence by Bank of Tanzania, the country's central bank and national banking regulator. Its headquarters and main branch are located in Dar es Salaam, the national capital and largest city in the country.

Ownership

As of May 2012, FNBT stock is 100% owned by the First Rand Group, a large financial services provider, based in South Africa, with subsidiaries in about 10 sub-Saharan countries, as well as in Australia and India. The stock of the group is listed on the Johannesburg Securities Exchange (JSE), where it trades under the symbol: FSR.

Branch Network

As of May 2012, First National Bank of Tanzania maintains branches at the following locations:

1. Main Branch - Dar es Salaam (Operational)
2. Second Dar es Salaam Branch - Dar es Salaam (Operational)
3. Third Dar es Salaam Branch - Dar es Salaam (Operational)
4. Fourth Dar es Salaam Branch - Dar es Salaam (Coming soon)
5. Arusha Branch - Arusha (Coming soon)
6. Mwanza Banch - Mwanza (Coming soon)
7. Mbeya Branch - Mbeya (Coming soon)
8. Kijangwani Branch - Zanzibar