February 25, 2018 11:28 AM ET

Banks

Company Overview of Bank of Africa Tanzania Ltd.

Company Overview

Bank of Africa Tanzania Ltd. provides private commercial banking services to corporate and retail customers in Tanzania. It offers various personal banking services, such as current, savings, and fixed deposit accounts, as well as DIRA products and personal loans; corporate banking services, including overdraft facilities, term loans, asset finance/equipment loans, and invoice discounting and collateral management solutions; and trade finance services, which include letters of credit, guarantees, bills for collection, telegraphic transfers, SWIFT, and TISS solutions. The company also provides SME banking services; wholesale liability management services, such as fixed deposit reserves; treas...

NDC Development House

Ohio Street

Kivukoni Front

Dar-es-Salaam,  

Tanzania

Founded in 2007

Phone:

255 22 2110104

Fax:

255 22 2113740

Key Executives for Bank of Africa Tanzania Ltd.

Bank of Africa Tanzania Ltd. does not have any Key Executives recorded.

Bank of Africa Tanzania Ltd. Key Developments

Bank of Africa Tanzania Launches Leasing Financing

Bank of Africa Tanzania has launched 'lease financing' that allows customer to acquire an asset without having to incur a large capital outlay. The facility offers a wide range of assets in a number of different industries like transport, mining, construction, information technology, oil and gas and tourism. The product provides an alternate source of credit that is specifically designed to accommodate acquisition of different assets be it trucks, tractors, machines, buses and cars. As leasing does not tie up large amounts of cash in equity, customer's working capital and bank lines remain available for future expenditures and investments" Lease is an agreement allowing one party to use another's property for a stated period of time in exchange for consideration. A lease agreement involves at least two parties a lessor (Bank) who owns the property, and a lessee who uses the property. Lessee has the option to become owner of the financed Asset, or can return the asset to the Bank at the end of the leasing period. Bank of Africa Tanzania leasing involves a very simple but quick application and approval process.

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Bank of Africa Tanzania Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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