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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.


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.


  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.
















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