Dar es Salaam based I&M bank yesterday launched a three-month RICHES Campaign to encourage individuals, employees, students and businesspeople to open accounts for savings and other business requirements. Under the campaign, account holders with the bank will qualify for the monthly raffles through which winners will be awarded 20m/-. “All Tanzanians are welcome to open
SimbaPay a leading digital money transfer provider announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. SimbaPay has partnered with Choice Microfinance Bank a microfinance institution founded by Kenyans abroad. Money transfers made to Choice Microfinance Bank by Kenyans living abroad using SimbaPay will be free of transfer fees.
First National Bank (FNB) has opened a branch at Mbezi Beach in Dar es Salaam, bringing the number of branches in its network in the country to eight. “We are delighted to open our new branch at Mbezi Beach which is the eighth amongst the branch network as part of our strategic plan to expand
First National Bank (FNB) has been voted as South Africa’s top Corporate Bank in the business category in the 2015 Sunday Times Top Brand Survey. The winning brands are voted for by consumers and business decision-makers who rank them as being the best in their category in a nationwide survey. Now in its 17th year,
Barclays Bank Tanzania existing and new customers with salary accounts with the bank stand a chance of winning up to 5m/- in its newly campaign dubbed ‘Switch’ to begin next month. The Product Manager of Barclays Bank Tanzania, Mr Valence Lutenganya, said in Dar es Salaam over the weekend that the campaign focuses on employed customers
FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced the launch of India’s first financial inclusion lab in Bengaluru. The lab is aimed at developing innovative ways to extend banking access to India’s millions of underbanked citizens. The lab is the first of its kind in India
Bank M Tanzania marks the eighth anniversary, registering tremendous success from its operations during the period, the firm announced. The bank’s assets currently stands at 809.09bn/-, which is equivalent to 2,509 per cent growth over the asset level at the end of the first year of the bank. Bank M’s Chief Executive Officer, Ms Jacqueline
CRDB right issue has been subscribed successfully by full amount thanks to three underwriters who bought the remaining amount. The bank in June 26, staged the right issue in a bid to raise slightly over 150bn/- to finance the firm’s expansion drive and meeting the regulator’s minimum core capital requirement. The bank’s shareholders bought 70.5
Uchumi Commercial Bank (UCB) has made a profit of 553.6m/- in 2014 and is geared to extend its services beyond Kilimanjaro Region. The UCB Board Chairman, Mr Wilson Ndesanjo, told the shareholders at their general meeting here that the achievement was great because in 2013 it registered a 399.3m/- profit. He said the projection was
Standard Chartered Bank Tanzania Limited has recorded a strong first half performance with a strong balance sheet growth and a revenue increase of 6 per cent year on year. The bank said in a statement that it has also increased its loans and advances to its clients by over 40bn/- which is a 6 per
