Tanzania Banking Sector Report

Tanzania Banking Sector – Executive Summary

The Tanzania banking sector embarked on a plan for financial liberalization in the 90’s in order to sustain the country’s economic growth.

This has been accomplished through the mobilization of financial resources as well as by increasing competition in the financial market and by enhancing the quality and efficiency of credit allocation.

As a result of the liberalization, the banking sector in Tanzania has been booming, particularly over the last few years and new merchant banks, commercial banks, bureaus de change, credit bureaus and other financial institutions have entered the market.

As of March 2015 there are 56 licensed banks and other financial institutions in Tanzania, versus 38 in 2009.

Table Of Contents:

Tanzania Banking Sector Performances

Tanzania Banking Sector Market Players

Financial Inclusion In Tanzania: Mobile Money, Agency Banking And Credit Bureaus

Tanzania Banking Sector Outlook And Opportunities

Tanzania Banking Sector Performances

According the latest available Banking Report of 2013 by the Bank Of Tanzania (BOT), total assets of the banking sector reached TZS 19,522.92 billion in 2013, a growth of 14.95% from TZS 16,984.49 billion in 2012.

Total deposits grew by 13.46% from 2012 while total capital increased by 19.41%.

As at 31st December 2013, total profit before tax of TZS 460.58 billion, an increase of 13.19% from TZS 406.90 billion recorded in the previous year.

Return on Assets and Return on Equity were 2.55% and 13.08% compared to 2.58% and 13.88 %recorded in 2012, respectively.

These performances were supported by stable macroeconomic environment with sustained GDP growth averaging 7% and average annual headline inflation declining to 6.0% in December 2013 (4% in January 2015) from 12.4% recorded in December 2012.

Tanzania Banking Sector Total Assets

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