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Banc ABC Tanzania

Banc ABC Tanzania
Business Name: Banc ABC Tanzania
Business Genre:
Short Business Description:

Why bank with BancABC?

Personalised services
Quick turn around time
Established track record in investment and advisory services.
A range of specialised skills and extensive professional capabilities including financial advisory and analytical, legal, and economic.
Specialised economic research capabilities.

A network of useful and necessary contacts to potential strategic investors: both established and newer corporations.

Long Business Description:

Our People, Our Source of Fresh Thinking and Smart Banking

The Bank commenced operations in 1996 as an asset financing institution under the joint ownership of CDC Capital Partners (CDC), International Finance Corporation (IFC), TDFL and the Union Dominions Corporation (UDC).

Following the merger of UDC with First Merchant Bank and BARD Investment Services, and the subsequent re-branding as African Banking Corporation, ABC Holdings Limited (ABCH) listed on the Botswana (primary) and Zimbabwe (secondary) Stock Exchanges. The Bank in Tanzania was granted full commercial banking status by the Bank of Tanzania in 2002.

In 2004, the ABCH Group successfully concluded the acquisition of a 68% interest in Tanzania Development Finance Company Ltd (TDFL) from the existing international shareholders, i.e. IFC, CDC, DEG, FMO and EIB. The Government of Tanzania has remained a key shareholder (32%) in TDFL. The operations of Capital Finance Limited, the operating arm of TDFL were merged with the Bank.

BancABC operated as a merchant bank since 2002 and introduced retail banking operations in 2008. The Bank opened its first branch in March 2010 and aims to rollout more branch outlets in various parts of the country. BancABC now offers a full bouquet of banking services for its corporate and personal customers.

Mission Statement

To build profitable, lifelong customer relationships, through the provision of a wide range of innovative financial products and services, for the benefit of our stakeholders.

Vision

To be the preferred banking partner in Africa by offering world-class financial solutions.

Core Values

Integrity
Innovation
Passion
Professionalism
People

Business Website Address: http://www.bancabc.co.tz
Business Phone Number: +255 22 2111990
Business Contact Email: @
Physical Location: 5th & 6th Floor, Uhuru Heights Bibi Titi Mohammed Road
City/Town: Dar es Salaam
Mobile Number: +255 717 913643
Contact Name: Richard Michael Isingo
Contact Designation: Marketing/Direct Sales

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