Bank of Baroda Tanzania Limited

The Bank of Baroda Tanzania Limited (BBTL), also known as the Bank of Baroda Tanzania, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.[1]

Bank of Baroda Tanzania Limited
TypePrivate
IndustryBanking, capital markets, finance
Founded1956
Headquarters139/42 Ohio Road at Sokoine Drive, Dar es Salaam, Tanzania
Key people
Mayank Mehta
Chairman
Prem Narayan Sharma
CEO[1]
ProductsLoans, credit cards, savings, investments
RevenueAftertax:TZS:3.13 billion (2017)[2]
Total assetsTZS:170 billion (2017)[2]
Number of employees
48 (2017)[2]
Websitebankofbaroda.co.tz

Overview

BBTL is involved in all aspects of commercial banking, including serving large corporations, small and medium enterprises, and individuals. BBTL is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India.[3] As of 31 December 2017, BBTL had assets valued at TSh170 billion (approx. US$76 million).[2] As of 31 December 2016, the shareholder's capital was TSh35.33 billion (approx. US$16 million).[3]

History

BoB opened its first branch in Tanganyika in 1956. By 1967, the bank had three branches, one each of the cities of Dar es Salaam, Mwanza and Moshi. In February 1967, the bank was nationalized.[3][4]

In October 2004 BBTL was re-established as a subsidiary of BoB, with a single branch in Dar es Salaam.[4] Three years later, in August 2007, a second branch was established in Arusha, with the third branch following in Dar es Salaam in June 2013 and the fourth branch in Mwanza in July 2014.[3]

Branch network

As of January 2018, BBTL had a branch network at the following locations:[5]

(a) Head Office: 149/32 Ohio Road at Sokoine Drive, Dar es Salaam (b) Kariakoo Market Branch: Kariakoo Market, 8/13 Mafia Street, Dar es Salaam (c) Arusha Branch: 12E Goliondoi Street, Arusha and (d) Mwanza Branch: 153T Kenyatta Street, Mwanza[6]

See also

References
  1. Bank of Tanzania (30 June 2017). "The Directory of Banks and Financial Institutions Operating in Tanzania as at 30th June 2017" (PDF). Dar es Salaam: Bank of Tanzania. Archived from the original (PDF) on 27 January 2018. Retrieved 29 January 2018.
  2. Mbani, Mnaku (24 January 2018). "Tanzania: Bank of Baroda After Tax Annual Profit Soar". The Citizen (Tanzania) via AllAfrica.com. Dar es Salaam. Retrieved 29 January 2018.
  3. BBTL (31 January 2016). "Bank of Baroda Tanzania: Our History". Dar es Salaam: Bank of Baroda Tanzania Limited (BBTL). Retrieved 29 January 2018.
  4. Business Standard Banking Bureau (6 February 2013). "BoB to return to Tanzania after 37 years". Business Standard. Mumbai. Retrieved 29 January 2018.
  5. BBTL (29 January 2018). "Branches of Bank of Baroda Tanzania Limited". Dar es Salaam: Bank of Baroda Tanzania Limited (BBTL). Retrieved 29 January 2018.
  6. Corporate Digest (21 July 2014). "Bank of Baroda Tanzania Limited has opened a new branch at Kenyatta road in Mwanza". Corporate-digest.com. Retrieved 29 January 2018.
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