KCB Bank Tanzania Limited Overview and Details

KCB Bank Tanzania Limited is a leading financial institution in Tanzania, with a rich history dating back to 1995. It was established as a subsidiary of KCB Group, a prominent banking group in East Africa.

The bank's headquarters is located in Dar es Salaam, Tanzania's largest city and economic hub. KCB Bank Tanzania Limited operates a network of branches and ATMs across the country, making it easily accessible to customers.

With a strong presence in the Tanzanian market, KCB Bank Tanzania Limited offers a wide range of financial products and services, including personal and corporate banking, loans, and investments. The bank's mission is to be the leading bank in Tanzania, providing innovative financial solutions to its customers.

KCB Bank Tanzania has had an impressive growth in its loan portfolio, jumping by a significant 24% to Tsh 931.2 billion in the first quarter of 2024.

The bank's well-diversified loan offerings cater to a wide range of customer segments, fostering financial inclusion and propelling its own success.

KCB Tanzania offers Personal Secured Loans with flexible repayment periods of up to 72 months, allowing borrowers to manage their repayments comfortably.

To qualify for these loans, borrowers must have an active KCB account for at least 3 months and provide collateral in the form of title deeds, logbooks, or share certificates.

The bank's Non-Performing Loans (NPL) Ratio is a healthy 1.67%, demonstrating its effective credit risk management strategies.

KCB Tanzania's Return on Average Equity is 29.5%, a key metric that shows the bank's ability to generate profits from its shareholders' equity.

This high return on equity is a testament to the bank's solid financial performance and its ability to manage risks effectively.

By offering a range of loan products, KCB Tanzania is able to support both individuals and businesses, helping them achieve their financial goals and contributing to the country's economic growth.

KCB Bank Tanzania Limited has multiple SWIFT codes, representing different branches. You should always double-check with the recipient before sending money to ensure you have the right SWIFT code.

Having the wrong SWIFT code can lead to delays or even failed transactions. Financial institutions may have several different SWIFT codes that differ by just a few letters or numbers.

To avoid any issues, it's essential to verify the SWIFT code with the recipient before sending money. This will ensure a smooth and successful transaction.