Equity Bank Tanzania Limited

Equity Bank Tanzania Limited, is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator.[1][2] The bank is a member of the Equity Group Holdings Limited, a large financial services conglomerate, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, Democratic Republic of the Congo, Mozambique, and Zambia.[3]

Equity Bank Tanzania Limited
TypePrivate
IndustryFinancial Services
Founded2012
HeadquartersGolden Jubilee Towers, Ohio Street Dar es Salaam, Tanzania
Key people
Robert Kiboti - Managing Director
ProductsLoans, Checking, Savings, Investments, Debit Cards, Diaspora Banking
Total assetsUS$142.42 million (Q3:2014)
Number of employees
399 (Q4:2019)
ParentEquity Group Holdings Limited
Websitetz.equitybankgroup.com

Overview

As of September 2014, Equity Bank Tanzania Limited owned total assets valued at US$143.42 million, with US$107.68 million in customer deposits and a loan book of US$87.1 million.[4] As at 31 June 2016, his bank was the leading originator of mortgage loans in Tanzania, accounting for an estimated TZS:96 billion (approx. US$45 million) in total mortgage loans.[5] At that time this translated in about 20 percent market share of all mortgage loans in the country.[5]

Equity Group Holdings Limited

Equity Group Holdings Limited is a large financial services group in East Africa.[6] As of March 2014, The group had an asset base valued at over US$3.45 billion (KES:295 billion), with a total customer base in excess of 8.7 million, in the region the group serves.[7] The companies that comprise the Equity Bank Group include the following:[8]

  1. Equity Bank Kenya Limited – Nairobi, Kenya
  2. Equity Bank Rwanda Limited – Kigali, Rwanda
  3. Equity Bank South Sudan Limited – Juba, South Sudan
  4. Equity Bank Tanzania Limited – Dar es Salaam, Tanzania
  5. Equity Bank Uganda Limited – Kampala, Uganda
  6. Equity Bank Congo – Kinshasa, Democratic Republic of the Congo
  7. Equity Consulting Group Limited – Nairobi, Kenya
  8. Equity Insurance Agency Limited – Nairobi, Kenya
  9. Equity Nominees Limited – Nairobi, Kenya
  10. Equity Investment Services Limited – Nairobi, Kenya
  11. Finserve Africa Limited – Nairobi, Kenya
  12. Equity Group Foundation – Nairobi, Kenya

Shares of the stock of Equity Group Holdings Limited, are listed on the Nairobi Stock Exchange (NSE), under the symbol EQTY. The Group's stock is also cross-listed on the Uganda Securities Exchange (USE), under the symbol EBL.

Branches

As of October 2016, Equity Bank Tanzania maintained networked branches at the following locations:[9]

  1. Supreme Branch - Golden Jubilee Tower, Ohio Street, Dar es Salaam - Branch Code: 3006
  2. Mbagala Branch - Kilwa Road, Mbagala, Dar es Salaam -Branch Code: 3008
  3. Mwenge Branch - Sam Nujoma Road, Mwenge, Dar es Salaam - Branch Code: 3007
  4. Arusha Branch - Arusha Trade Centre, Uhuru Road, Arusha - Branch Code: 3002
  5. Mwanza Branch - Postal Road, Opposite Mwanza Hotel, Mwanza - Branch Code: 3005
  6. Quality Centre Branch - Quality Centre Mall, Pugu Road At Nyerere Road, Dar es Salaam - Branch Code: 3001
  7. Kariakoo Branch - Uhuru Road, Opposite JD Pharmacy, Kariakoo, Dar es Salaam -Branch Code: 3003
  8. Golden Jubilee Branch - Golden Jubilee Tower, Ohio Street, Dar es Salaam -Branch Code: 3004
  9. Supreme Centre Branch - Dar es Salaam[10]
  10. Dodoma Branch - Dodoma[10]
  11. Temeke Branch - Temeke[10]
  12. Diaspora Branch [10]
  13. Moshi Branch - Moshi[10]
  14. Mbeya Branch - Mbeya[10]
  15. Zanzibar Branch - Zanzibar City, Zanzibar[10]

See also

References
  1. Bank of Tanzania (2019). "Directory of Commercial Banks Operating In Tanzania". Dar es Salaam: Bank of Tanzania (BOT). Retrieved 5 July 2019.
  2. Bank of Tanzania (20 February 2012). "Bank of Tanzania Issues Commercial Banking License To Equity Bank Tanzania Limited" (PDF). Bank of Tanzania. Retrieved 13 November 2014.
  3. Victor Juma (5 July 2019). "Equity deal adds 2,641 new staff to payroll". Business Daily Africa. Nairobi. Retrieved 5 July 2019.
  4. MXM (October 2013). "MFI Report: Equity Bank Tanzania Limited". MixMarket.Org (MXM). Retrieved 3 December 2014.
  5. Business Daily Correspondent (23 September 2016). "Equity Bank dominates mortgage lending in Tanzania". Business Daily Africa. Nairobi. Retrieved 24 September 2016.
  6. Jackson Okoth, and Reuters (31 October 2014). "Equity Bank Posts 25% Jump In 9-Month Pretax Profit". The Standard (Kenya). Retrieved 13 November 2014.
  7. Kangethe, Kennedy (17 April 2014). "Equity Group In 20 Percent Profit Rise to KSh3.8 Billion". Capital FM Online (Nairobi) via AllAfrica.com. Retrieved 13 November 2014.
  8. Wahito, Margaret (31 October 2014). "Equity Bank Restructuring To Form New Holding Company". Capital FM Online (Nairobi). Retrieved 13 November 2014.
  9. EBTL (5 October 2016). "Equity Bank Tanzania Limited: Branches". Dar es Salaam: Equity Bank Tanzania Limited (EBTL). Retrieved 5 October 2016.
  10. Ngugi, Brian (5 October 2016). "Equity Bank opens branch in Zanzibar". Business Daily Africa. Nairobi. Retrieved 5 October 2016.
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