About Bank of Baroda Tanzania Limited
The Bank of Baroda Tanzania Limited (BBTL), also known as the Bank of Baroda Tanzania, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.
BBTL is involved in all aspects of commercial banking, including serving large corporations, small and medium enterprises, and individuals. BBTL is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. As of 31 December 2017, BBTL had assets valued at TSh170 billion (approx. US$76 million). As of 31 December 2016, the shareholder’s capital was TSh35.33 billion (approx. US$16 million).
BoB opened its first branch in Tanganyika in 1956. By 1967, the bank had three branches, one each of the cities of Dar es Salaam, Mwanza and Moshi. In February 1967, the bank was nationalized.
In October 2004 BBTL was re-established as a subsidiary of BoB, with a single branch in Dar es Salaam. Three years later, in August 2007, a second branch was established in Arusha, with the third branch following in Dar es Salaam in June 2013 and the fourth branch in Mwanza in July 2014.
As of January 2018, BBTL had a branch network at the following locations:
(a) Head Office: 149/32 Ohio Road at Sokoine Drive, Dar es Salaam (b) Kariakoo Market Branch: Kariakoo Market, 8/13 Mafia Street, Dar es Salaam (c) Arusha Branch: 12E Goliondoi Street, Arusha and (d) Mwanza Branch: 153T Kenyatta Street, Mwanza.
Bank of Baroda (Tanzania) entered Tanganyika way back in 1956 and remained till nationalization of financial institutions up to February 1967. The Bank had three branches in Dar es Salaam, Mwanza and Moshi at the time of nationalization under Arusha declaration. The Bank had come back to play its role in the United Republic of Tanzania in 2004. The Bank of Baroda Tanzania Ltd . was opened on 13th October 2004. Second branch was opened at Arusha on 10th August 2007, Third branch was opened at the Kariakoo Market, Dar Es Salaam on 11th June 2013 and 4th branch was opened at Mwanza on 21st July 2014.
The Bank is providing full fledge banking operation and serving the people in all walks of life. We have financing products for businessmen, traders, manufacturers, retailers, individuals, employees of well established companies, institutions, Government departments, SME etc.
In 2010 The Bank launched Rapid Funds2 India, a hassle free remittance facility, instantly crediting the amount in the beneficiary’s account with Bank of Baroda and any other bank in India within 24 hours through RTGS/NEFT.
| Capital | TZS 10.00 Billion |
| Total Assets | TZS 173.58 Billion |
| Deposits | TZS 133.43 Billion |
| Advances | TZS 100.81 Billion |
| Operating Profit | TZS 10.84 Billion |
| Net profit | TZS 2.15 Billion |
| Gross NPA | TZS 6.57 Billion |
| Net NPA | TZS 4.42 Billion |
| Shareholders Fund | TZS 39.06 Billion |
BANK OF BARODA INDIA.
Bank of Baroda was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20th July 1908 in the Princely State of Baroda in Gujarat. The bank along with 13 other major commercial banks in India, was nationalized on 19th July 1969. The Government of India is largest shareholder, owning 59.24% of the bank’s equity. The Bank have 5382 branches in India and 107 branches abroad spread over 26 countries as on date. Bank of Baroda has presence at all the key financial centres of the world including, New York, London, Brussels, Singapore, Hongkong, Sydney, Dubai, Gangzhou, Port Louis Mauritius, Johannesburg, Durban, Bangkok, Nairobi and Dar es salaam.
Bank of Baroda awarded runner up award-Public Sector Bank category for the year 2013-14 at FE India’s Best Bank by the Financial Express.
Business figures of the balance sheet of Bank of Baroda as of 31.03.2017
| Net Worth | INR. 43067 Crore |
| Total Assets | INR. 719220 Crore |
| Deposits | INR. 617257 Crore |
| Advances | INR. 392262 Crore |
| Operating Profit | INR. 12464 Crore |
| Net profit | INR. 1815 Crore |
| Gross NPA | INR. 42719 Crore |
| Net NPA | INR.18080 Crore |
Bank of Baroda Tanzania Limited Loan
Bank of Baroda Tanzania Limited lends property and cash loans at the rate you need, there are loans for entrepreneurs and small business owners who need to grow their businesses and capital according to their income. Bank of Baroda Tanzania Limited gives you the opportunity for a businessman & entrepreneur to borrow the amount of money you need. they also offer property and cash loans to government employees and companies click here so you can check the methods and criteria for getting a loan.
Bank of Baroda Tanzania Limited Address, Location and Contact Details
Head Office149/32,
- P.O.Box 5356, Ohio/Sokoine Drive Dar-es Salaam, Tanzania
- Fax: +255(0)222124457
- Email: [email protected]/[email protected]/[email protected]
- Call: +255 (0)22 21244 72/57/87
Job Vacancies, career and Internships at Bank of Baroda Tanzania Limited
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. Bank of Baroda Tanzania Limited Job vacancies are normally advertised through the Official Bank of Baroda Tanzania Limited Tanzania career website page which can be accessed through this link – https://www.bankofbaroda.co.tz/careers
Find and apply for jobs advertised by Bank of Baroda Tanzania Limited by browsing the links listed below:
Bank of Baroda Tanzania Limited useful links
- Bank of Baroda Tanzania Limited website: https://www.bankofbaroda.co.tz/
- Bank of Baroda Tanzania Limited job vacancies – careers page: https://www.bankofbaroda.co.tz/careers
- Bank of Baroda Tanzania Limited Loan: https://www.bankofbaroda.co.tz/loan
