About BANK OF AFRICA TANZANIA LTD
Serving corporate and retail customers

BANK OF AFRICA TANZANIA - History

BANK OF AFRICA TANZANIA LTD is a Private Commercial Bank operating in Tanzania serving corporate and retail customers. BANK OF AFRICA TANZANIA , in itself, began operations in Tanzania in June 2007 after acquiring Eurafrican Bank which had been operating in Tanzania since September 1995.

BOA's major shareholder, the BANK OF AFRICA GROUP is already operating in thirteen (13) other countries namely: Benin, Burkina Faso, Burundi, Congo, Djibouti, France, Ivory Coast, Kenya, Madagascar, Mali, Niger, Senegal and Uganda with further plans of expanding. Other shareholders are AHF-Ocean Indien, AUREOS East Africa Fund LLP (AEAF), the Belgian Investment Company for Developing Countries, FMO and TDFL. Apart from the major shareholders above, BANK OF AFRICA TANZANIA is indirectly affiliated to renowned international institutional investors including PROPARCO - a subsidiary of Agence Française de Développement (AFD), who is a significant shareholder in the BANK OF AFRICA GROUP , and International Financial Corporation (IFC).

BANK OF AFRICA TANZANIA - Today

BANK OF AFRICA TANZANIA has grown in status to be regarded as one of the key players contributing to the corporate and SME sectors in the country. Of late, a lot of emphasis has been directed towards the SME and Retail sectors to which a series of products have been designed to provide quick solutions. Our customer base ranges from multinational companies, government institutions, non- governmental organizations, small businesses and individuals. We offer a complete range of corporate and retail banking products and services, including: Current accounts, Savings accounts, Deposit accounts, Foreign exchange, International trade, Loans and overdrafts.

Bank Of Africa Group
Our History

The Group began its operations in 1982 in Bamako, Mali and has over the years expanded, initially in West Africa and recently in East Africa and Europe. The Group has its Head Offices in Benin, Mali and France. It is well established in 12 other countries in namely: Benin, Burkina Faso, Burundi , Democratic Republic of Congo, France, Ivory Coast, Kenya, Madagascar, Mali, Niger, Senegal and Uganda with further plans of expanding. The total turnover in 2009 was +/- EUR 270 million. The Group has over 500,000 banking clients and 3,000 staff.