capital <strong>of</strong> TZS 6.5 billion. In 2009, TZS 3.5 billion <strong>of</strong> sharecapital was injected and TZS 210 million was capitalized asretained earnings. The pr<strong>of</strong>it performance for the first threequarters <strong>of</strong> that year are reflected in the declining proportion<strong>of</strong> paid up capital in shareholders funds. In Q1 2010, afurther TZS 232 million in pr<strong>of</strong>its was capitalized as retainedearnings and by Q4, pr<strong>of</strong>its made up almost 9% <strong>of</strong> the bank’sshareholders funds.38 Serengeti Advisers
Asset Ranking09as <strong>of</strong> December 31 st 2010Barclays BankAzania <strong>Tanzania</strong> BancorpFounded 2000ChairpersonDr. Ramadhani DauChief Executive Mr. Kihara Maina, Managing DirectorAuditorsPricewaterhouseCoopersNo. <strong>of</strong> Employees 668No. <strong>of</strong> Branches 32No. <strong>of</strong> ATMs 53Web Addresswww.barclays.comShare Capital as <strong>of</strong> 31 st December 2010TZS53.27bnSince the business was establishedmore than 300 yearsago, Barclays has grown to <strong>of</strong>fera range <strong>of</strong> products andservices through more than144,000 employees in over 50 countries.Barclays Bank <strong>Tanzania</strong>, part <strong>of</strong> the globalBarclays Group, <strong>of</strong>fers retail banking andcorporate banking, merchant cards, smalland medium term financing, wealth managementproducts and services.Barclays first entered the <strong>Tanzania</strong>market in 1925 and continued to operateuntil 1967 when its operations in thecountry were nationalized and folded intothe National Bank <strong>of</strong> <strong>Commerce</strong>. The bankre-entered <strong>Tanzania</strong> in 2000 after the liberalization<strong>of</strong> the economy. Barclays Bank<strong>Tanzania</strong> serves more than 114,300 customersand clients across the country through anetwork <strong>of</strong> 53 ATM’s and 32 branches.Shareholders• Barclays Bank Plc – 100%Board <strong>of</strong> Directors• Dr. Ramadhani Dau, Chairperson. He isalso the Director General <strong>of</strong> the NationalSocial Security Fund (NSSF).• Christopher Kihara Maina, ManagingDirector• Samuel Abwoga, Executive Director(Chief Financial Officer)• Aazar Khwaja, Non- executive Director• Murtaza Nasser, Non-executive Director• Simon Mponji, Non-executive Director• Elizabeth Willilo, Company SecretarySenior Management• Christopher Kihara Maina, ManagingDirector. Mr. Maina has an MBA fromthe University <strong>of</strong> Chicago and is a member<strong>of</strong> the <strong>Tanzania</strong> Bankers Associationand the Financial Markets Association <strong>of</strong>Kenya (ACI Kenya)• Ajay Mathur, Chief Operating Officer• Samuel Abwoga, Chief Finance Officer• Aziz Chacha, Country Treasurer• Zahid Mustafa, Director <strong>of</strong> Consumer<strong>Banking</strong>• David Lubira, Commercial Director• Paul Russo, Head <strong>of</strong> Human Resource• Kati Kerenge, Head <strong>of</strong> Corporate Affairs• Kenneth Kamurasi, Country Head <strong>of</strong> InternalAuditBarclays Bank <strong>Tanzania</strong>,part <strong>of</strong> the global BarclaysGroup, <strong>of</strong>fers retailbanking and corporatebanking, merchantcards, small and mediumterm financing, wealthmanagement products andservices.<strong>Tanzania</strong> <strong>Banking</strong> <strong>Survey</strong> <strong>2011</strong>39
- Page 4 and 5: This report’s cover is a visualis
- Page 6 and 7: Serengeti Advisers LimitedSerengeti
- Page 8: AcknowledgmentsSerengeti Advisers L
- Page 11 and 12: Contents1 Introducing the Tanzania
- Page 13 and 14: Introducing the TanzaniaBanking Sur
- Page 15 and 16: PART ONEOverview of Tanzania’sban
- Page 17 and 18: Tanzania’sbanking sectortrendsTan
- Page 19 and 20: PART TWOMarket share overview and r
- Page 21 and 22: Marketshare overviewand rankingAs t
- Page 23 and 24: DepositsRank Bank TZS (million) USD
- Page 25 and 26: Investment inGovernment SecuritiesR
- Page 27 and 28: Net profitsRank Bank TZS (million)
- Page 29 and 30: Shareholders’ Funds (capital)Rank
- Page 31: Number of branchesRank Bank Number
- Page 34 and 35: 22 Serengeti Advisers
- Page 36 and 37: pal Investment Officer of ABT’s l
- Page 38 and 39: nia, Zimbabwe, Kenya, Malawi and Za
- Page 40 and 41: • Mr. T.E. Mramba, Director of Ba
- Page 42 and 43: Senior Management• Mr. Israel Cha
- Page 44 and 45: • Abdul Bandawe, Head of IT• Wa
- Page 46 and 47: • Rose Mbonea, AGM - Audit & Inve
- Page 48 and 49: TZS 71.3 billion by Q4 2010. Loan e
- Page 52 and 53: Selected Financial IndicatorsBarcla
- Page 54 and 55: from the previous nine quarters, Ci
- Page 56 and 57: • Collins Rutenge, Head of Operat
- Page 58 and 59: Selected Financial IndicatorsCRDB
- Page 60 and 61: USA. He is a member of the Tanzania
- Page 62 and 63: • Rajan Kollatt, Head of Risk•
- Page 64 and 65: TZS 16.6 billion by Q4 2010. The ba
- Page 66 and 67: is a Certified Public Accountant (C
- Page 68 and 69: Loans, deposits (TZS million) and n
- Page 70 and 71: illion income tax provision. In 200
- Page 72 and 73: of experience in banking, holding k
- Page 74 and 75: Selected Financial TrendsICB’s qu
- Page 76 and 77: Senior Management• Subramanian Go
- Page 78 and 79: times from TZS 1.71 billion to TZS
- Page 80 and 81: • Selemani Ponda, Head of Finance
- Page 82 and 83: Selected Financial TrendsKCBL’s q
- Page 84 and 85: ed for around 70% of shareholders f
- Page 86 and 87: • Dennis Frank Kejo, Finance Mana
- Page 88 and 89: Senior Management• Danny Mpogole,
- Page 90 and 91: • H.K. Kishanga, ICT Manager• F
- Page 92 and 93: • Mr. Severin Ndaskoi, Head of Ri
- Page 94 and 95: of Zambia National Commercial Bank
- Page 96 and 97: Selected Financial TrendsNIC Bank
- Page 98 and 99: Selected Financial TrendsStanbic’
- Page 100 and 101:
Selected Financial TrendsStandard C
- Page 102 and 103:
• S. M. Mbuma, Chief Internal Aud
- Page 104 and 105:
Selected Financial TrendsTIB’s qu
- Page 106 and 107:
eraging TZS 360 million. In 2007, t
- Page 108 and 109:
period. With the growth in lending,
- Page 110 and 111:
while the rate of non-performing lo
- Page 112 and 113:
quarterly non-interest income had i
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UCB’s deposits have grown ten-fol
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Selected Financial TrendsThe first