People's Bank of Zanzibar
Encyclopedia
People's Bank of Zanzibar (PBZ), is a commercial bank
in Tanzania
. It is one of the twenty-nine (29) banks licensed by Bank of Tanzania
, the national banking regulator. It is a small, but growing financial institution, with total assets of over US$79 million and shareholder's equity in excess of US$10 million, as of December 2009.
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
. It is one of the twenty-nine (29) banks licensed by Bank of Tanzania
Bank of Tanzania
The Bank of Tanzania is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling....
, the national banking regulator. It is a small, but growing financial institution, with total assets of over US$79 million and shareholder's equity in excess of US$10 million, as of December 2009.
History
The bank was founded in 1966 by the Zanzibar government. It functions as a retail bank, serving individuals, small-to=medium businesses as well as large corporations. Its services are limited to the Zanzibar archipelago, including the neighboring island of PembaPemba, Tanzania
Pemba Island, known as "The Green Island" in Arabic , is an island forming part of the Zanzibar archipelago, lying off the east coast of Africa in the Indian Ocean. It is situated about 50 kilometres to the north of the Unguja . In 1964 Zanzibar was united with the former colony of Tanganyika to...
.
Branch Network
As of September 2010, PBZ maintains branches at the following locations:- Main Branch - DarajaniDarajaniDarajani is a small town in central Kenya....
, ZanzibarZanzibarZanzibar ,Persian: زنگبار, from suffix bār: "coast" and Zangi: "bruin" ; is a semi-autonomous part of Tanzania, in East Africa. It comprises the Zanzibar Archipelago in the Indian Ocean, off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja , and Pemba... - Malindi Branch - Malindi, ZanzibarZanzibarZanzibar ,Persian: زنگبار, from suffix bār: "coast" and Zangi: "bruin" ; is a semi-autonomous part of Tanzania, in East Africa. It comprises the Zanzibar Archipelago in the Indian Ocean, off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja , and Pemba...
- Chake Chake Branch - Chake Chake, PembaPemba, TanzaniaPemba Island, known as "The Green Island" in Arabic , is an island forming part of the Zanzibar archipelago, lying off the east coast of Africa in the Indian Ocean. It is situated about 50 kilometres to the north of the Unguja . In 1964 Zanzibar was united with the former colony of Tanganyika to...
- Forodhani Branch - Forodhani, ZanzibarZanzibarZanzibar ,Persian: زنگبار, from suffix bār: "coast" and Zangi: "bruin" ; is a semi-autonomous part of Tanzania, in East Africa. It comprises the Zanzibar Archipelago in the Indian Ocean, off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja , and Pemba...
- Mwanakwerekwe Branch - Mwanakwerekwe, ZanzibarZanzibarZanzibar ,Persian: زنگبار, from suffix bār: "coast" and Zangi: "bruin" ; is a semi-autonomous part of Tanzania, in East Africa. It comprises the Zanzibar Archipelago in the Indian Ocean, off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja , and Pemba...
External links
See also
- List of banks in Tanzania
- Bank of TanzaniaBank of TanzaniaThe Bank of Tanzania is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling....
- Economy of TanzaniaEconomy of Tanzania- History :Significant measures have been taken to liberalize the Tanzanian economy along market lines and encourage both foreign and domestic private investment. Beginning in 1986, the Government of Tanzania embarked on an adjustment program to dismantle socialist economic controls and encourage...
- ZanzibarZanzibarZanzibar ,Persian: زنگبار, from suffix bār: "coast" and Zangi: "bruin" ; is a semi-autonomous part of Tanzania, in East Africa. It comprises the Zanzibar Archipelago in the Indian Ocean, off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja , and Pemba...