First National Bank of Tanzania

First National Bank Tanzania (FNBT), is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.[1] It is a subsidiary of South Africa-based FirstRand Group.

First National Bank Tanzania
TypeSubsidiary
IndustryFinancial services
Founded2011 (2011)
HeadquartersDar-es-Salaam, Tanzania
Key people
Richard Hudson (chief executive officer)
ProductsLoans, transaction accounts, savings, investments, debit cards
OwnerFirstRand Group
Websitewww.fnbtanzania.co.tz

FNBT is a small commercial bank in Tanzania.

History

The bank commenced operations in Tanzania, in July 2011, following the issuance of a commercial banking licence by the 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 FirstRand 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.

In July 2022, First National Bank of Tanzania was acquired by Exim Bank (Tanzania), for an undisclosed financial consideration. According to media reports, FNBT then ceased operations.[2]

Branch network

As of May 2012, First National Bank of Tanzania maintains branches at the following locations:[3]

  1. Main Branch – Dar es Salaam (Operational)
  2. Peninsula Branch – Dar es Salaam (Operational)
  3. Industrial Branch – Dar es Salaam (Operational)
  4. Kariakoo Branch – Dar es Salaam (Operational)
  5. Sinza Branch – Dar es Salaam (Operational)
  6. Mbezi Beach Branch – Dar es Salaam (Operational)
  7. Kimweri Branch – Dar es Salaam (Operational)
  8. Arusha Branch – Arusha (Operational)
  9. Mwanza Banch – Mwanza (Operational)
  10. Mbeya Branch – Mbeya (Coming soon)
  11. Dodoma Branch – Dodoma (Coming soon)

See also

References
  1. "List of Registered Commercial Banks In Tanzania". Archived from the original on 2009-07-20. Retrieved 2012-05-04.
  2. Tanzania Daily News (18 July 2022). "Tanzania: Exim Completes Acquisition of FNB Tanzania" (via AllAfrica.com). Tanzania Daily News. Dar es Salaam, Tanzania. Retrieved 19 July 2022.
  3. "Branch Network of FNBT". Archived from the original on 2016-03-03. Retrieved 2012-05-04.
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