10 Serengeti Advisers
Assets Industry sees a TZS 2.6 trillion (17%) expansion in assets to TZS 18 trillion ($11.3 billion) Overall, <strong>Tanzania</strong>’s <strong>banking</strong> industry assets increased by TZS 2.6 trillion from TZS 15.3 trillion to TZS 18 trillion between 2010 and 2011, a 17% increase. There was no change in the ranking <strong>of</strong> the country’s top ten banks by assets. FBME remained the largest bank, with assets <strong>of</strong> TZS 3.7 trillion, followed by CRDB with TZS 2.7 trillion and NMB in third with TZS 2.15 trillion. All banks, except Commercial Bank <strong>of</strong> Africa (CBA) and Mwanga Rural Community Bank grew their assets. Assets at CBA dropped by 0.5% (TZS 1.2 billion) mostly due to a reduction in balances with other banks and investments in government securities in 2011. Mwanga recorded a 1% (TZS 61 Million) drop in assets because the reduction in its balances with other banks exceeded the combined growth in its balances with the Bank <strong>of</strong> <strong>Tanzania</strong> and an expansion in its loan book. The largest percentage increases in assets between Q4 2010 and Q4 2011 were reported by Njombe Community Bank (350%), Ecobank <strong>Tanzania</strong> (150%) and Tandahimba Community Bank (130%). In terms <strong>of</strong> absolute size, assets at FBME increased by TZS 740 billion, representing a 25% increase. CRDB’s increased by TZS 405 billion (18% growth). Of the ten largest banks by assets, NBC reported the smallest asset growth <strong>of</strong> TZS 7.9 billion (2%) in 2011. Bank M also made significant gains in asset size, growing by TZS 115 billion (60%) during the year. Assets at I&M Bank expanded by TZS 60 billion (44%) and those at NIC Bank by TZS 40 billion (43%), both being driven by growth in their lending. Rank in 2011 Change in rank from 2010 Bank TZS (million) USD Market share 31 Dec 2010 31 Dec 2011 31 Dec 2011 31 Dec 2011 1 FBME Bank (T) Ltd 2,970,091 3,709,699 2,344,942,478 20.62% 2 CRDB Bank Plc 2,316,885 2,722,712 1,721,056,890 15.13% 3 National Micr<strong>of</strong>inance Bank (T) Ltd Plc 2,107,078 2,155,800 1,362,705,436 11.98% 4 National Bank <strong>of</strong> <strong>Commerce</strong> Ltd 1,471,220 1,479,116 934,965,866 8.22% 5 Standard Chartered Bank (T) Ltd 1,077,901 1,240,082 783,869,785 6.89% 6 Exim Bank (T) Ltd 691,646 815,999 515,802,149 4.54% 7 Stanbic Bank (T) Ltd 652,565 788,496 498,417,193 4.38% 8 Citibank (T) Ltd 551,570 746,138 471,642,225 4.15% 9 Barclays Bank (T) Ltd 526,831 616,147 389,473,451 3.43% 10 Diamond Trust Bank (T) Ltd 269,721 321,591 203,281,290 1.79% 11 Bank M (T) Ltd 193,174 308,200 194,816,688 1.71% 12 <strong>Tanzania</strong> Investment Bank 246,248 303,635 191,931,100 1.69% 13 Bank <strong>of</strong> Africa <strong>Tanzania</strong> Ltd 233,362 284,509 179,841,340 1.58% 14 BancABC 222,195 265,675 167,936,157 1.48% 15 Commercial Bank <strong>of</strong> Africa <strong>Tanzania</strong> 237,787 236,606 149,561,315 1.32% 16 KCB Bank <strong>Tanzania</strong> Ltd 201,313 207,148 130,940,582 1.15% 17 I&M Bank <strong>Tanzania</strong> Ltd 138,986 199,884 126,348,755 1.11% 18 Azania Bancorp 178,215 188,840 119,367,889 1.05% 19 The People's Bank <strong>of</strong> Zanzibar Ltd 141,350 170,734 107,922,882 0.95% 20 <strong>Tanzania</strong> Postal Bank 121,594 135,659 85,751,580 0.75% 21 NIC Bank <strong>Tanzania</strong> Ltd Bank 94,142 134,283 84,881,795 0.75% 22 Habib African Bank Ltd 97,134 110,554 69,882,427 0.61% 23 Bank <strong>of</strong> Baroda (T) Ltd 91,631 106,725 67,462,073 0.59% 24 Akiba Commercial Bank 89,438 103,064 65,147,914 0.57% 25 Dar es Salaam Community Bank 98,132 98,891 62,510,310 0.55% <strong>Tanzania</strong> Banking Survey <strong>2012</strong> 11