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People's Bank of Zanzibar

The People's Bank of Zanzibar (PBZ) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.[1]

The People's Bank of Zanzibar Limited
Company type100% Government Owned
IndustryFinancial services
Founded30th June, 1966
HeadquartersZIC Building, Mpirani, Zanzibar, Tanzania
Key people
Dr. Estella Ngoma
Chairwoman
Dr. Muhsin Salim
managing director
ProductsLoans, savings, checking, investments, debit cards, credit cards, mortgages, Islamic Financing
RevenueTSh 82,906,799,921/= (Dec 2020)
TSh 18,350,163,377/= (Dec 2020)
Total assetsTSh 752,829,295,205/= (Dec 2020)
Number of employees
501 (Dec 2020)
WebsiteCompany website

Overview edit

As of June 2014, PBZ was a medium-sized financial institution, with total assets of approximately TSh 321.35 billion. At that time, the bank's shareholders' equity was about TSh 29.6 billion. The bank employed 236 full-time staff as of 30 June 2014.[2]

History edit

The bank was founded in 1966 by the government of Zanzibar. It functions as a retail bank, serving individuals, small and medium enterprises (SMEs), and large corporate clients. Initially, its service area was limited to the islands of Zanzibar and Pemba.

In April 2011, the bank opened a branch in Dar es Salaam on the mainland. As of May 2012, it planned new branches in Mwanza, Arusha, Mtwara, and Mbeya.[3]

In December 2011, the bank launched an Islamic bank window, in addition to the conventional banking services that it offers.[4]

Ownership edit

PBZ is wholly owned by the government of Zanzibar.

Branch network edit

As of November 2014, The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations:

  1. Malindi Branch - Near Ministry of Agriculture, Zanzibar Main Branch
  2. Chake Chake Branch - Chake-Chake, Pemba
  3. Forodhani Branch - Forodhani Park, Zanzibar
  4. Mwanakwerekwe Branch - Mwanakwerekwe, Zanzibar
  5. Mkoani Branch - Zanzibar Port Authority Building, Zanzibar
  6. Wete Branch - Ground Floor, Zanzibar Electricity Corporation Building, Zanzibar
  7. Mlandege Branch - Muzammil Building, Mlandege
  8. Kariakoo Branch - Opposite Kariakoo Main Market, Zanzibar
  9. Dar es Salaam Branch I - Mbagala, Dar es Salaam[5]
  10. Tazara Branch - Dar es Salaam, Junction of TAZARA
  11. Mtwara Branch - Mtwara[6][7]

See also edit

References edit

  1. ^ BOT. "Directory of Commercial Banks Operating In Tanzania". Dar es Salaam: Bank of Tanzania (BOT). Retrieved 21 November 2014.
  2. ^ PBZ (11 August 2014). "Statement of Financial Position As At 30 June 2014" (PDF). Zanzibar City: People's Bank of Zanzibar (PBZ). Retrieved 9 August 2016.
  3. ^ Tongo, Michelle (1 May 2012). "People's Bank of Zanzibar To Roll Out Mobile Money Transfers". ItNewsAfrica.Com. Retrieved 21 November 2014.
  4. ^ Mbogo, Steve (21 December 2011). "Zanzibar's People's Bank Opens Islamic Window". TheIslamicGlobe.Com. Retrieved 21 November 2014.
  5. ^ PBZ (March 2012). "Audited 31 December 2011 Financial Report: Future Development Plans" (PDF). People's Bank of Zanzibar (PBZ). (PDF) from the original on 2014-12-20. Retrieved 21 November 2014.
  6. ^ Philemon, Beatrice (13 November 2014). "People's Bank of Zanzibar Targets Dar es Salaam, Mtwara". Dar es Salaam: IPP Media. Retrieved 21 November 2014.
  7. ^ Mugarula, Florence (9 August 2016). "Tanzania: Samia Hails PBZ Bank for Opening Up More On Tanzania Mainland". Tanzania Daily News via AllAfrica.com. Dar es Salaam. Retrieved 9 August 2016.

External links edit

  • Website of People's Bank of Zanzibar
  • Website of Bank of Tanzania ( website down)

people, bank, zanzibar, commercial, bank, tanzania, licensed, bank, tanzania, central, bank, national, banking, regulator, limitedcompany, type100, government, ownedindustryfinancial, servicesfounded30th, june, 1966headquarterszic, building, mpirani, zanzibar,. The People s Bank of Zanzibar PBZ is a commercial bank in Tanzania It is licensed by the Bank of Tanzania the central bank and national banking regulator 1 The People s Bank of Zanzibar LimitedCompany type100 Government OwnedIndustryFinancial servicesFounded30th June 1966HeadquartersZIC Building Mpirani Zanzibar TanzaniaKey peopleDr Estella NgomaChairwomanDr Muhsin Salimmanaging directorProductsLoans savings checking investments debit cards credit cards mortgages Islamic FinancingRevenueTSh 82 906 799 921 Dec 2020 Net incomeTSh 18 350 163 377 Dec 2020 Total assetsTSh 752 829 295 205 Dec 2020 Number of employees501 Dec 2020 WebsiteCompany website Contents 1 Overview 2 History 3 Ownership 4 Branch network 5 See also 6 References 7 External linksOverview editAs of June 2014 update PBZ was a medium sized financial institution with total assets of approximately TSh 321 35 billion At that time the bank s shareholders equity was about TSh 29 6 billion The bank employed 236 full time staff as of 30 June 2014 2 History editThe bank was founded in 1966 by the government of Zanzibar It functions as a retail bank serving individuals small and medium enterprises SMEs and large corporate clients Initially its service area was limited to the islands of Zanzibar and Pemba In April 2011 the bank opened a branch in Dar es Salaam on the mainland As of May 2012 it planned new branches in Mwanza Arusha Mtwara and Mbeya 3 In December 2011 the bank launched an Islamic bank window in addition to the conventional banking services that it offers 4 Ownership editPBZ is wholly owned by the government of Zanzibar Branch network editThis section needs additional citations for verification Please help improve this article by adding citations to reliable sources in this section Unsourced material may be challenged and removed Find sources People s Bank of Zanzibar news newspapers books scholar JSTOR August 2016 Learn how and when to remove this message As of November 2014 The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations Malindi Branch Near Ministry of Agriculture Zanzibar Main Branch Chake Chake Branch Chake Chake Pemba Forodhani Branch Forodhani Park Zanzibar Mwanakwerekwe Branch Mwanakwerekwe Zanzibar Mkoani Branch Zanzibar Port Authority Building Zanzibar Wete Branch Ground Floor Zanzibar Electricity Corporation Building Zanzibar Mlandege Branch Muzammil Building Mlandege Kariakoo Branch Opposite Kariakoo Main Market Zanzibar Dar es Salaam Branch I Mbagala Dar es Salaam 5 Tazara Branch Dar es Salaam Junction of TAZARA Mtwara Branch Mtwara 6 7 See also edit nbsp Banks portal List of banks in Tanzania Bank of Tanzania Economy of Tanzania Islamic bankingReferences edit BOT Directory of Commercial Banks Operating In Tanzania Dar es Salaam Bank of Tanzania BOT Retrieved 21 November 2014 PBZ 11 August 2014 Statement of Financial Position As At 30 June 2014 PDF Zanzibar City People s Bank of Zanzibar PBZ Retrieved 9 August 2016 Tongo Michelle 1 May 2012 People s Bank of Zanzibar To Roll Out Mobile Money Transfers ItNewsAfrica Com Retrieved 21 November 2014 Mbogo Steve 21 December 2011 Zanzibar s People s Bank Opens Islamic Window TheIslamicGlobe Com Retrieved 21 November 2014 PBZ March 2012 Audited 31 December 2011 Financial Report Future Development Plans PDF People s Bank of Zanzibar PBZ Archived PDF from the original on 2014 12 20 Retrieved 21 November 2014 Philemon Beatrice 13 November 2014 People s Bank of Zanzibar Targets Dar es Salaam Mtwara Dar es Salaam IPP Media Retrieved 21 November 2014 Mugarula Florence 9 August 2016 Tanzania Samia Hails PBZ Bank for Opening Up More On Tanzania Mainland Tanzania Daily News via AllAfrica com Dar es Salaam Retrieved 9 August 2016 External links editWebsite of People s Bank of Zanzibar Website of Bank of Tanzania website down Retrieved from https en wikipedia org w index php title People 27s Bank of Zanzibar amp oldid 1176271963, wikipedia, wiki, book, books, library,

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