Exim Bank Tanzania Limited Investment and Business Overview

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Explore the wilds of Tanzania on a thrilling safari adventure with a jeep on a dusty road.
Credit: pexels.com, Explore the wilds of Tanzania on a thrilling safari adventure with a jeep on a dusty road.

Exim Bank Tanzania Limited is a reputable financial institution that has been serving the Tanzanian market for many years. It's a subsidiary of Exim Bank of India, which has extensive experience in international trade finance.

The bank offers a wide range of investment and business solutions, including corporate banking, trade finance, and treasury services. This diversity of services makes it an attractive option for businesses looking to expand their operations in Tanzania.

Exim Bank Tanzania Limited has a strong presence in the country, with branches in major cities such as Dar es Salaam and Arusha. This widespread network allows the bank to cater to the needs of its clients across different regions.

Consider reading: Banks and Banking Services

Overview

Exim Bank (Tanzania) is a significant banking institution in the country, providing commercial banking services to various clients. As of December 2021, the bank's total assets were valued at TSh 1.372 trillion.

The bank's growth has been impressive, with its total assets increasing to TSh 1.5 trillion by June 2016. This significant growth demonstrates the bank's ability to expand and adapt to changing market conditions.

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Exim Bank (Tanzania) has a strong presence in the country, with shareholders' equity of TSh 170.843 billion as of December 2021. This level of equity suggests a stable financial foundation for the bank.

Following the acquisition of United Bank Tanzania Limited in November 2019, the bank's assets increased to US$732.4 million. This strategic move has likely contributed to the bank's continued growth and success.

See what others are reading: Equity Bank Tanzania Limited

Why Invest

Investing in Exim Bank (Tanzania) is a great way to support the country's economy.

Exim Bank (Tanzania) has been in operation since 1995, making it a stable and reliable investment option.

The bank has a strong track record of providing financing to Tanzanian businesses, particularly in the manufacturing and agriculture sectors.

This has helped to boost economic growth and create jobs in the country.

Exim Bank (Tanzania) has also been involved in various development projects, such as the construction of infrastructure and housing.

These projects have had a positive impact on the community, improving living standards and providing essential services.

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By investing in Exim Bank (Tanzania), you'll be contributing to the country's economic development and growth.

The bank's financial statements show a steady increase in assets and profits over the years, indicating a solid financial foundation.

This stability is a key factor in making Exim Bank (Tanzania) an attractive investment opportunity.

Frequently Asked Questions

Who is the CEO of Exim Bank Tanzania?

The CEO of Exim Bank Tanzania is Jaffari Matundu, a seasoned banking professional with extensive experience in the industry.

How many branches of EXIM Bank are there in Tanzania?

As of October 2017, EXIM Bank has 33 branches in Tanzania, with locations in Dar es Salaam. You can find them at the Clock Tower Branch on Samora Avenue and the Exim Tower Branch.

Is EXIM Bank international?

Yes, EXIM Bank has a global presence with extensive international expertise. It facilitates financial transactions across diverse markets worldwide.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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