Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Tanzanian Bank Assets Triple Over Past Five Years, Report Says

Don't Miss Out —
Follow us on:

May 31 (Bloomberg) -- Tanzania’s banks almost tripled the amount of assets they hold over the past five years as loans swelled, Serengeti Advisors Ltd. said.

Assets expanded to 15.3 trillion shillings ($9.9 billion) by December 2010 from 5.5 trillion shillings in 2006, the Dar es Salaam-based consultancy said in its Tanzania Banking Survey 2011 report released today.

The industry’s loan-book more than tripled to 5.9 trillion shillings in the period, while the number of lenders in East Africa’s second-biggest economy increased to 41 from 33, according to the report.

Tanzania’s three biggest banks by assets are FBME Bank Ltd., CRDB Bank Plc and National Microfinance Bank Plc, the report said.

To contact the reporter on this story: David Malingha Doya in Dar es Salaam via Nairobi at

To contact the editor responsible for this story: Paul Richardson at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.