TIB Development Bank Tanzania Financial Institution

TIB Development Bank is a Tanzanian financial institution that offers a range of financial services to individuals, businesses, and organizations. It was established in 1996.

TIB Development Bank Tanzania has a significant presence in the country, with a large network of branches and ATMs. This makes it easily accessible to customers across the country.

The bank's financial services include savings accounts, current accounts, loans, and credit facilities. These services are designed to meet the diverse financial needs of its customers.

For another approach, see: Banks and Banking Services

TIB Development Bank is a leading development financial institution in Bangladesh, established in 1986 with the primary goal of promoting economic development and poverty reduction.

The bank has a strong presence in the country, with a network of 22 branches and a team of experienced professionals.

TIB Development Bank offers a range of financial services, including corporate, retail, and microfinance.

Its corporate banking services cater to the needs of large and medium-sized enterprises, providing them with tailored financial solutions.

The bank's retail banking services focus on individual customers, offering a variety of accounts, loans, and other financial products.

TIB Development Bank has a strong commitment to corporate social responsibility, with a focus on community development and poverty alleviation.

The bank has implemented several initiatives to promote financial inclusion and support small and medium-sized enterprises.

TIB Development Bank has a significant presence in Tanzania, with a total asset base of over TSh 93 billion (US$62 million) as of December 2010, which the government aims to raise to TSh 400 billion (US$265 million) in the next several years.

The bank has a substantial portion of its portfolio in the Tanzanian agricultural sector. It has also financed numerous development projects that have created at least 30,000 employment opportunities and improved financing access for private and public developers.

Here are some key details about the bank's branches:

TIB Development Bank has spent nearly Sh980 billion financing different development projects in the country as of September 30, 2023.

Private sector projects account for 93 percent of the financed projects, while seven percent were for the public sector.

TIB Development Bank's key projects include agriculture, minerals, tourism, manufacturing, and other services.

Here are some of the key statistics on TIB Development Bank's financing:

The NAICS code is a crucial identifier for businesses like TIB Development Bank. It's a six-digit code that categorizes businesses by industry.

The NAICS code for TIB Development Bank is 5221, which falls under the broader category of 52. This code is specific to banks and credit unions.

TIB Development Bank's NAICS codes also include 522110 and 52211, which further refine its classification within the banking industry.

The NAICS code 522 is a more general classification that encompasses all banking and credit union activities.

Curious to learn more? Check out: Development Bank of Singapore Swift Code

TIB Development Bank has a presence in various locations across Tanzania.

The bank maintains branches at the following locations:

TIB, the Tanzanian Development Bank, has undergone significant changes in recent years. The Tanzanian government, its sole shareholder, has re-capitalized the bank, re-vamping its strategic development plans and re-structuring its management.

As of December 2010, TIB's total asset base exceeded TSh 93 billion, equivalent to US$62 million. This is a notable achievement, and the government aims to increase this figure to TSh 400 billion, or US$265 million, in the next several years.

The bank has a substantial portion of its portfolio in the Tanzanian agricultural sector, which is a key area of focus for the government. This investment will likely have a positive impact on the country's economy, particularly in rural areas where agriculture is a major source of income.

Here are some key statistics about TIB's asset base over time: