The best banks in Tanzania are those available all over the country and they offer extensive ATM networks as well as other strong features. These banks offer registration bonuses and strong interest rates. Apart from the excellent services provided by these banks, they also pay huge dividends to the government each year based on the profits they make.
Some of these banks are not Tanzanian origin. These banks also offers a range of finance products like savings accounts, loans, insurance, investments, debit & credit cards and other banking services.
10 Best Commercial Banks in Tanzania
The following are 10 Best Commercial Banks in Tanzania in 2021
1. CRDB Bank Plc
CRDB Bank Plc is an African bank and a leading Financial Services Provider in Tanzania with current presence in Tanzania and Burundi, East Africa. As of 31 December. 2018, the bank was reporting Total Assets of TZS 6.0 Trillion and Total Deposits of TZS 4.7 Trillion.
2. NMB Bank
NMB Bank is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients. NMB Bank total assets as for 2021 are 2.212 billion USD (TZS:4.72 trillion
3. NBC Bank
NBC is the only international bank with a presence all over the country with 51 branches and over 230 ATMs, NBC delivers a unique collection and banking services. NBC Bank sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania.
4. KCB Bank Tanzania
KCB Bank in Tanzania offers a range of finance products like savings accounts, loans, insurance, investments, debit & credit cards and other banking services.
5. ABSA International
Absa Bank Tanzania Limited, formerly Barclays Bank Tanzania Limited, is a commercial bank in Tanzania and a subsidiary of South Africa-based Absa Group Limited. ABT is licensed by the Bank of Tanzania, the country’s central bank and national banking regulator.
6. Standard Chartered
Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets across more than 70 countries including Tanzania with 87,000 people who employs around the World.
7. Stanbic Bank
Stanbic Bank Uganda Limited is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator. In Tanzania these banks offer a range of finance products like savings accounts, loans, insurance, investments, debit & credit cards and other banking services.
8. Exim Bank
The most Innovative and fastest growing bank in Tanzania and is reckoned for its professionalism and business ethics. The bank is licensed by the Bank of Tanzania, which is the country’s central bank and national banking regulator
9. Diamond Trust Bank
Diamond Trust Bank (DTB) has been widely considered the fastest growing bank in the country over the last decade. Diamond Trust Bank Group, in short DTB Group, is an African banking group active in Burundi, Kenya, Tanzania, and Uganda.
10. DCB Bank Plc
Dar es Salaam Community Bank, whose official name is DCB Commercial Bank, but is commonly referred to as DCB Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
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