List of Licensed Bank Institutions in Tanzania

The Bank of Tanzania is mandated to regulate and supervise all banks, financial Institutions, and Bureau de Change in the country. Further, the Bank of Tanzania is mandated to regulate and supervise all financial matters of all social security schemes (Pensions corporations), National Health Insurance Fund (NHIF), and the Workers Compensation Fund (WCF) in Tanzania. National Social Security Regulatory Authority (NSSRA) regulates other matters of social security schemes (Pensions corporations), National Health Insurance Fund (NHIF), and the Workers Compensation Fund (WCF) in Tanzania.

List of Licensed Bank Institutions in Tanzania


Below is the Full list of Banks in Tanzania in Tanzania

No.

Name of Institution

Region

Physical Address

1.

POSTA BUREAU DE CHANGE

Dar es Salaam

POSTA HOUSE PLOT N0.687-GHANA /OHIO ST

2.

KADOO BUREAU DE CHANGE LIMITED - SAMORA BRANCH

Dar es Salaam

NHC HOUSE, SAMORA STREET DAR ES SALAAM

3.

POSTA BUREAU DE CHANGE LIMITED - ZANZIBAR BRANCH

Kaskazini Unguj

SHANGANI POSTA OFFICE-STONE TOWN

4.

KADOO BUREAU DE CHANGE-SINZA BRANCH

Dar es Salaam

Plot No. 30, BLOCK D,EMIRATE HSE SINZA MADUKANI

5.

POSTA BUREAU KASULU

Kigoma

MTAA WA KAGUNGA KASULU

6.

KADOO BDC SAMORA BRANCH NO. 2

Dar es Salaam

Morogoro/ India street Plot 1036/102

7.

KADOO BDC MLIMANI CITY BRANCH NO. 2

Dar es Salaam

MLIMANI CITY MALL SHOP 14 A

8.

KADOO BDC NAMANGA BRANCH

Dar es Salaam

NAMANGA DAR ES SALAAM

9.

KADOO BDC MASAKI BRANCH

Dar es Salaam

HAILE SELASSIE/ MAKANGIRA STREET

10.

POSTA BDC LUSHOTO BRANCH

Tanga

BOMANI ROAD POST OFFICE 0784 448517

11.

POSTA BDC ARUSHA HPO

Arusha

CLOCK TOWER ARUSHA HEAD POST OFFICE

12.

POSTA BDC MARANGU BRANCH

Kilimanjaro

MARANGU MTONI KILIMANJARO 0754 587199

13.

POSTA BDC MBEYA BRANCH

Mbeya

LUPA MBEYA POST OFFICE

14.

POSTA BDC KARATU BRANCH

Manyara

POSTA ROAD KARATU POST OFFICE

15.

POSTA BDC NAMANGA BRANCH

Arusha

NAMANGA POST OFFICE


16.

POSTA BDC MERU BRANCH

Arusha

MERU POST OFFICE

17.

POSTA BDC AIRPORT TERMINAL 2

Dar es Salaam

AIRPORT TERMINAL 2

18.

POSTA BDC ZANZIBAR AIRPORT

Mjini Magharibi

ZANZIBAR AIRPORT

19.

POSTA BDC TERMINAL 3 AIRPORT

Dar es Salaam

AIRPORT TERMINAL 3

20.

POSTA BDC TUNDUMA BRANCH

Songwe

TUNDUMA POST OFFICE

21.

POSTA BDC KIJITONYAMA BRANCH

Dar es Salaam

KIJITONYAMA DAR ES SALAAM

22.

POSTA BDC MOSHI BRANCH

Kilimanjaro

RENGUA MOSHI

23.

POSTA BDC MWANZA BRANCH

Mwanza

MWANZA POST OFFICE

24.

POSTA BDC DODOMA BRANCH

Dodoma

DODOMA HEAD POST OFFICE

25.

POSTA BDC LIBYA STREET

Dar es Salaam

LIBYA POST OFFICE LIBYA STREET

26.

POSTA BDC SOKOINE BRANCH

Dar es Salaam

SOKOINE POST OFFICE SOKOINE DRIVE

27.

POSTA BDC SOKOINE KARIAKOO BRANCH

Dar es Salaam

KARIAKOO POST OFFICE MKUNGUNI STREET

28.

KADOO BUREAU DE CHANGE SIKUKUU BRANCH

Dar es Salaam

Sikukuu / Narung'ombe street Kariakoo Dar es salaam

29.

FURAHA SAFARI BUREAU DE CHANGE

Mjini Magharibi

PLOT 7/2 MLANDEGE STREET MJINI MAGHRIB DISTRICT

30.

POSTA BUREAU KIGOMA BRANCH

Kigoma

KASSIM MAJALIWA ROAD RUZOKA STREET TEL 06769946078


31.

POSTA BUREAU KIBONDO

Kigoma

POSTA BUREAU KIBONDO BOMA ROAD/STREET

32.

KADOO BUREAU DE CHANGE UHURU BRANCH

Dar es Salaam

AMAZING BUREAU UHURU & LIVINGSTONE

33.

KADOO BDC ARUSHA BRANCH

Arusha

SOKOINE ROAD PLOT 58/E APT NO. 003

34.

KADOO BUREAU DE CHANGE LIMITED

Dar es Salaam

Mlimani City Mall shop no. 82A

35.

POSTA BDC KIJANGWANI BRANCH

Mjini Magharibi

Kijangwani Head Post Office - Unguja



Please note that we appreciate that users do not post anonymously. Haso Points does not subscribe to the authenticity of the data though efforts have been made to collect the data as accurately as possible. Please use the data as only a source of reference.

Hereunder are some of the key definitions of terms used:

  • Banking Business means the business of receiving funds from the general public through the acceptance of deposits payable upon demand or after a fixed period or after notice, or any similar operation through the frequent sale or placement of bonds, certificates, notes, or other securities, and to use such funds, in whole or in part, for loans or investments for the account of and at the risk of the person doing such business;
  • Bank means an entity that is engaged in the banking business;
  • Financial Institution means an entity engaged in the business of banking, but limited as to size, locations served, or permitted activities, as prescribed by the Bank or required by the terms and conditions of its license;
  • Fully-Fledged Bank means a bank or financial institution which conducts all permissible activities under the provisions of the Act;
  • Limited-Scope Bank means a bank or financial institution which carries out limited-scope banking business including limitation of accepting deposits payable upon demand or subject to withdrawal by cheque;
  • Microfinance Bank means a bank or financial institution which undertakes banking business mainly with individuals, groups, and micro and small enterprises in rural or urban areas;
  • Microfinance Institution means an institution engaged in the provision of microfinance loans which is not regulated by the Bank;
  • Community Bank means a financial institution serving a defined geographical area whose primary activities shall be restricted to acceptance of deposits and lending and such other activities as the Bank may specify;

Tanzania’s banking sector recorded a profit before tax of TZS 590 billion in 2019, compared to TZS 313 billion in 2018, representing an increase of 88%. The total assets of Tanzanian banks reached TZS 33 trillion in 2019, representing a growth of 9% from TZS 30 trillion in 2018. Total liabilities grew by 9% from TZS 25.7 trillion in 2018 to TZS 28.1 trillion in 2019. Total capital increased by 8% from TZS 4.7 trillion in 2018 to TZS 5 trillion in 2019. The growth was attributed to an increase in profitability recorded by banks during the period. 

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. In 2019, the overall number of banking agents grew by 51%, from 18,827 in 2019 to 28,358.

Development financial institutions

  1. Tanzania Agricultural Development Bank
  2. Tanzania Mortgage Refinance Company
  3. TIB Development Bank

Community banks

  1. Kilimanjaro Cooperative Bank
  2. Maendeleo Bank Plc
  3. Mufindi Community Bank Plc
  4. Mwanga Rural Community Bank Limited
  5. Tandahimba Community Bank Limited
  6. Tanzania Women’s Bank
  7. Uchumi Commercial Bank Limited.

Microfinance banks

  1. EFC Tanzania Microfinance Bank
  2. Finca Microfinance Bank

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