Introduction
Exim Bank Tanzania is a leading commercial bank in Tanzania, established in 1997 following the liberalization of the banking sector in the country. Headquartered in Dar es Salaam, Exim Bank Tanzania has grown over the years to become one of the largest banks in Tanzania with a network of over 30 branches across the country.
Some key facts about Exim Bank Tanzania:

Established in 1997 in Dar es Salaam, Tanzania

Headquarters: Exim Tower, Dar es Salaam

Branch network: Over 30 branches across Tanzania

Major cities covered include Arusha, Dodoma, Mbeya, Mwanza, Tanga

Also present in Zanzibar

Customer segments served:

Individuals

Small & Medium Enterprises (SMEs)

Large corporate clients

International presence:

Owns banking subsidiaries in Comoros, Djibouti, Uganda

Staff strength: Over 250 employees

Exim Bank Tanzania has the distinction of being the first Tanzanian bank to establish its footprint overseas by setting up subsidiaries in Comoros, Djibouti and Uganda. It is also the first bank in Tanzania to introduce services like international debit/credit cards, mobile ATMs, and special financing programs targeted at women entrepreneurs.
Over the last two decades, Exim Bank Tanzania has leveraged technology and pursued innovations to expand its products and services to meet evolving customer needs. Today, it offers a comprehensive suite of retail, corporate and SME banking solutions designed to cater to diverse customer segments across Tanzania.

Products and Services Offered in Tanzania

Exim Bank Tanzania provides a wide range of banking products and services to meet the needs of individuals, SMEs and corporate clients in Tanzania.

Retail Banking Products

Savings accounts
Current accounts
Fixed and recurring deposits
Debit/credit cards (Visa, Mastercard)
Mobile and internet banking
Money transfers

Corporate Banking Solutions

Working capital financing
Trade financing
Term loans
Overdraft facilities
Corporate credit cards

SME Banking Products

Business loans
Overdrafts
Invoice discounting
Asset financing
Business credit cards

Specialized Lending

Asset finance
Agriculture lending
Women entrepreneur programs
Mortgages
Personal loans

Trade Finance Services

Letters of credit
Bank guarantees
Bid bonds
Import financing
Export financing

Cash Management Solutions

Collections and payments
Liquidity management
Payroll services
Online banking platform

Exim Bank Tanzania has pioneered innovative products in Tanzania like international debit/credit cards, mobile ATMs, and specialized lending programs for women entrepreneurs. It has leveraged technology to provide convenience to customers through services like internet banking, mobile banking, SMS alerts etc.

Financial Performance in Tanzania

Exim Bank Tanzania has demonstrated strong financial performance over the years, emerging as one of the leading and fastest growing banks in the country.

Some key financial highlights:

Assets: TSh 1.372 trillion (US$ 590 million) in 2021, up from TSh 478 billion (US$ 213 million) in 2008
Deposits: TSh 1.115 trillion (US$ 480 million) in 2021, up from TSh 367 billion (US$ 162 million) in 2008
Loans/Advances: TSh 811 billion (US$ 349 million) in 2021, up from TSh 201 billion (US$ 89 million) in 2008
Profit after tax: TSh 16.5 billion (US$ 7 million) in 2021, up from TSh 10.5 billion (US$ 5 million) in 2008
Return on Equity: 11% in 2021

Year	Total Assets	Customer Deposits	Gross Loans	Profit After Tax
2021	TSh 1.37 trillion	TSh 1.12 trillion	TSh 811 billion	TSh 16.5 billion
2020	TSh 1.16 trillion	TSh 935 billion	TSh 692 billion	TSh 15.3 billion
2019	TSh 1.05 trillion	TSh 823 billion	TSh 607 billion	TSh 14.1 billion

In terms of market share, Exim Bank Tanzania is among the top 6 banks in the country, having grown steadily over the years through network expansion, product innovation and leveraging technology.

The consistent growth in deposits, assets, loan portfolio and profits underscores Exim Bank Tanzania's strong financial footing as well as its ability to successfully mobilize deposits, lend profitably and manage risks effectively. Its double digit RoE and high asset quality reflects its operating efficiency and prudent management.

Ownership and Governance of Exim Bank Tanzania

Exim Bank Tanzania is owned by a group of successful Tanzanian entrepreneurs who established the bank in 1997. The promoters collectively own 100% of the bank's stock.

Shareholding Pattern

The current shareholding pattern is as follows:

Shareholder	Ownership
Yogesh Manek	20%
Hanif Jaffer	20%
Shaffin Jamal	20%
Azim Kassam	20%
Azim Virjee	20%

The founding shareholders and directors have played an instrumental role in the bank's growth journey over the past two decades. Their business acumen, networks and understanding of the local market has helped Exim Bank Tanzania establish a strong footing in Tanzania and expand regionally as well.

Board of Directors

Exim Bank Tanzania has an experienced Board providing oversight and strategic direction to the management.

Current Board

Ambassador Juma Mwapachu - Chairman
Yogesh Manek - Director
Hanif Jaffer - Director
Shaffin Jamal - Director
Azim Kassam - Director
Azim Virjee - Director
Abdallah Ally Mwinyi - Director
Nasim Devji - Director
Jaffari Matundu - Director & CEO

The Board has a mix of promoter directors and independent directors, ensuring the promoters' vision is balanced with external expertise and perspectives. There are two female independent directors, enhancing gender diversity.

The Chairman Ambassador Juma Mwapachu is a seasoned diplomat and brings rich global experience. The CEO Jaffari Matundu has been with the bank since its founding years and provides continuity and in-depth understanding of banking in Tanzania. Each director brings deep knowledge across areas like banking, accountancy, law, trade, agriculture etc. that aids the bank's strategic decision making.

Management Team

The senior management team is headed by CEO Jaffari Matundu and comprises highly experienced professionals from banking, risk management, treasury, technology and other domains. Exim Bank Tanzania has fostered a pool of homegrown talent through its investments in learning and development initiatives. The stable and long-serving management team provides domain expertise and insight into Tanzania's economic and banking landscape.

Conclusion

Over the last 25 years, Exim Bank Tanzania has established itself as one of the leading and most innovative banks in the country. It has consistently delivered strong financial performance and grown its reach across Tanzania through continued investments in its products, services, technology and people.

Some key highlights about Exim Bank Tanzania:

Pioneer in introducing several new banking services in the Tanzanian market like international debit/credit cards, mobile ATMs, specialized lending for women entrepreneurs etc.
Among the earliest Tanzanian banks to expand internationally by establishing operations in Comoros, Djibouti and Uganda.
Maintains leadership position in Tanzania with presence across all major regions and cities in the country.
Strong financial track record with consistent growth in deposits, assets, loan portfolio and profitability over the years.
Promoter-led bank with an experienced management team provides unique insights into the local market.

As Exim Bank Tanzania embarks on its next phase of growth, it is well positioned to leverage its core strengths and continue playing a key role in supporting economic growth and financial inclusion in Tanzania. Its commitment to innovation and customer-centricity will enable it to unlock new opportunities in the Tanzanian market.

FAQs

When was Exim Bank Tanzania established?

Exim Bank Tanzania was established in 1997 in Dar es Salaam, Tanzania. It was founded by a group of Tanzanian entrepreneurs after the banking sector was liberalized.
How many branches does Exim Bank Tanzania have?

Exim Bank Tanzania has over 30 branches across major cities and regions of Tanzania including Arusha, Dar es Salaam, Dodoma, Mbeya, Mwanza, Tanga and Zanzibar.
What products does Exim Bank Tanzania offer?

Exim Bank Tanzania offers a comprehensive range of retail, corporate and SME banking services including savings/current accounts, loans, trade finance, debit/credit cards, mobile banking etc. It also provides specialized lending for agriculture, women entrepreneurs, mortgages etc.
Does Exim Bank Tanzania have international presence?

Yes, Exim Bank Tanzania has subsidiaries in Comoros, Djibouti and Uganda, making it the first Tanzanian bank to expand overseas.
How has Exim Bank Tanzania performed financially in recent years?

Exim Bank Tanzania has demonstrated strong financial growth in the past decade with assets rising from TSh 478 billion in 2008 to over TSh 1.37 trillion in 2021. Its profitability has also grown consistently year-on-year.