The People's Bank of Zanzibar (PBZ) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
Overview , PBZ was a medium-sized financial institution, with total assets of approximately TSh 321.35 billion. At that time, the bank's shareholders' equity was about TSh 29.6 billion. The bank employed 236 full-time staff as of 30 June 2014.
History The bank was founded in 1966 by the government of Zanzibar. It functions as a retail bank, serving individuals, small and medium enterprises (SMEs), and large corporate clients. Initially, its service area was limited to the islands of Zanzibar and Pemba.
In April 2011, the bank opened a branch in Dar es Salaam on the mainland. As of May 2012, it planned new branches in Mwanza, Arusha, Mtwara, and Mbeya.
In December 2011, the bank launched an Islamic bank window, in addition to the conventional banking services that it offers.
Ownership PBZ is wholly owned by the government of Zanzibar.
Branch network
As of November 2014, The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations:
Malindi Branch - Near Ministry of Agriculture, Zanzibar Main Branch Chake Chake Branch - Chake-Chake, Pemba Forodhani Branch - Forodhani Park, Zanzibar Mwanakwerekwe Branch - Mwanakwerekwe, Zanzibar Mkoani Branch - Zanzibar Port Authority Building, Zanzibar Wete Branch - Ground Floor, Zanzibar Electricity Corporation Building, Zanzibar Mlandege Branch - Muzammil Building, Mlandege Kariakoo Branch - Opposite Kariakoo Main Market, Zanzibar Dar es Salaam Branch I - Mbagala, Dar es Salaam Tazara Branch - Dar es Salaam, Junction of TAZARA Mtwara Branch - Mtwara
See also
List of banks in Tanzania Bank of Tanzania Economy of Tanzania Islamic banking
References
External links Website of People's Bank of Zanzibar Website of Bank of Tanzania ( website down)