New bank eyes rural customers

>Managers at Twiga Bancorp, were yesterday taken to task over ‘ghost customers’ whose loan interest was shown as amounting to Sh584 million that could also not be accounted for.

>Clients with Maendeleo Bank will now no longer be required to move with hard cash to and from the branches as they can easily make financial transactions electronically via their mobile phones.

Euromoney magazine has named the NMB Bank, the best financial institution in Tanzania at the Euromoney 2014 Awards for Excellence in London for the second year in a row.

Stanbic Bank Tanzania has been made aware of the Parliamentary report regarding IPTL and the Tegeta Escrow account and the associated suggestion that the Bank might have permitted money laundering through banking an affected party. 

We are satisfied that Stanbic Bank Tanzania has complied with all of its anti-money laundering obligations and co-operated fully with the authorities in their investigations. We wish to reassure our customers that Stanbic Bank Tanzania has stringent and robust...

The Diamond Trust Bank (DTB) yesterday opened a new branch in Mtwara.

Banks And Fintech Companies Accepting Paycheck Protection Program Loan Applications From New And Non-Bank Customers  ForbesEntrepreneurs Review the SBA PPP Loan-Application Processes  EntrepreneurSen. Collins on Paycheck Protection Program  NEWS CENTER MaineThe PPP won't deliver the support small businesses need | TheHill  The HillSmall Business Loan Approval Rates Plummeted In March 2020  ForbesView Full coverage on Google News

Daily News
Tanzania Women Bank eyes to open centres
Daily News
THE Government has assured Members of Parliament and the public in general that Tanzania Women Bank (TWB) will open centres in all regions countrywide. This was revealed by the Deputy Minister for Community Development Gender and Children Ms ...

 

-This represents a major vote of confidence in AfrAsia business model

 AfrAsia Bank Limited (http://www.afrasiabank.com/en)  today announced the addition of an important world-class strategic partner, National Bank of Canada, to its shareholding structure.   This represents a major vote of confidence in its business model, financial standing and unique positioning in regional and international markets. National Bank of Canada will immediately acquire a 9.5% stake in AfrAsia Bank, with the...