The agency banking that was approved by the central bank some two years ago is a platform used by over six banks including, CRDB bank, Postal Bank, Equity Bank, DCB Bank and Maendeleo Bank. CRDB Bank Managing Director Charles Kimei said for instance agents under FahariHuduma managed to increase open over 6,000 new accounts. “Though
Foremost African financial institution, Guaranty Trust Bank plc has reaffirmed its position as a leading provider of e-payment solutions with the introduction of a new service that allows customers receive Western Union funds directly into their GTBank account via any of the Bank’s Automated Teller Machines (“ATMs”) in Nigeria. The service is also available on
Standard Chartered Bank Tanzania Limited has been awarded the prestigious ‘Bank of the Year’ award at The Banker Awards 2015. The bank said in a statement that it was winning the award which was announced at a grand gala dinner at an awards ceremony in London last week. “We are delighted to have won this prestigious
Mwalimu Commercial Bank (MCB), expects to open doors to the public in May, 2016, with a capital of 31bn/-. The bank’s Project Manager, Mr Ronald Manongi, told journalists just after the listing of the bank at the Dar es Salaam Stock Exchange (DSE),recently that all arrangements were going on well. The first branch will be
Barclays Bank Tanzania handed over prizes to winners of the second draw of ‘Salary Switch’ and ‘Win back your loan’ campaigns which offers customers to win 100 per cent of their salaries and amount of loans acquired. The Liabilities and Product Development Manager for consumer banking, Mr Valence Luteganya, said Mr Julius Odinga of Mikocheni in
United Bank for Africa (UBA) is changing the payments landscape in Nigeria with the introduction of contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services. It is the latest innovation from the digital banking division of pan-African financial services UBA, which has built
CRDB Bank plans to open branches in the Democratic Republic of Congo (DRC) and Zambia, Managing Director, Dr Charles Kimei, said at the weekend. “Plans are underway to venture in the Democratic Republic of Congo and Zambia. We are already operating in Burundi,” Dr Kimei said during the bank’s Family Day. He said the bank
Access Bank Tanzania has appointed agents countrywide dubbed ‘Access Bank WAKALA’ being part of initiatives to expand its range of financial services to its customers. Through the agents, customers can easily access various real time services such as cash deposit, cash withdrawal and initiate the process of account opening remotely without necessarily visiting a branch.
After launching the Save and Win prize-linked savings campaign in October, this year, First National Bank (FNB) named the first monthly winner. A Dar es Salaam resident, Ms Imelda Lutebinga, has emerged the winner for entries received during October, at a function that was supervised by officials from Tanzania Gaming Board (TGB). “This campaign provides monthly
Kilimanjaro Co-operative Bank Limited (KCBL) has been advised to make use of Savings and Credit Cooperative Societies (Saccos) as its agents so that villagers get access to banking facilities easily. Kilimanjaro Regional Undersecretary (Finance and Productivity), Mr Simon Msoka, said here recently that the project is viable and will be beneficial to the bank as
