Absa Bank Tanzania Limited (Barclays) - History, Location, Name Change & More

Absa Bank Tanzania Limited (Barclays) –

History, Location, Name Change and More

Absa Bank Tanzania Limited (ABT), originally Barclays Bank Tanzania Limited, is a Tanzanian commercial bank and a part of Absa Group Limited, based in South Africa. The Bank of Tanzania, Tanzania’s central bank and national regulator licenses ABT.

Absa Bank Tanzania Limited Location

Absa Bank Tanzania Limited has its main branch and headquarters at Barclays House, which is located on Dar es Salaam’s Ohio Street. The headquarters of the bank are located at coordinates 39°17’12.0″E 06°48’40.0″ S (Longitude: 39.286667; Latitude: -6.811111).

Absa Bank Tanzania Overview

Absa Bank Tanzania Limited is an established provider of financial services that serve large organizations, small sized-to-medium-sized businesses, as well as individuals. Its entire asset value was approximated at over $382 million in March 2013. (634.34 billion TZS). BBT had about 87,000 customers, 42 ATMs, and 24 branches as of 2013 December.

History of Absa Bank Tanzania Limited

Absa Bank Tanzania Limited was founded in 1925. It was then nationalized in 1967 and transformed into the country’s largest bank by assets, the National Bank of Commerce. Barclays Bank Public Company re-entered Tanzania after the economy was liberalized in the ‘90s, restarting operations in 2000.

Barclays Bank Public Company was awaiting regulatory approval in March 2016 to merge the bank with Tanzania’s National Bank of Commerce, where Barclays owns a 55 per cent stake.

Barclays Bank with ABSA Logo in Tanzania after transfer of ownership
Barclays Bank with ABSA Logo in Tanzania after transfer of ownership

Change of Name

United Kingdom’s Barclays Plc owned 62.3% of Barclays Africa Group (abbr. BAG) in 2016. In February 2016, Barclays chose to decrease its ownership in BAG, which was valued at 3.5 billion pounds at the time. Barclays downsized its stake in BAG to only 14.9 % in December of 2017.

BAG was renamed Absa Group Limited in 2018. Absa has to rename its branches in twelve African nations before 2020 June as per the terms of the rebrand.

The rebranding was completed in Tanzania on February 11, 2020. Both the legal and commercial names of the bank were changed to Absa Bank Tanzania Limited.

Absa Bank Tanzania Limited Branch Network

The Absa Bank Tanzania Limited has 24 branches as of 2014 November, located in the following areas:

  Address Branch Name City
1 Ohio Street, Barclays House Ohio Street (Main Branch) Dar es Salaam
2 Magomeni Magomeni branch Dar es Salaam
3 Msasani Slipway Branch Dar es Salaam
4 New Bagamoyo Road Mwenge Branch Dar es Salaam
5 Kinondoni Market Kinondoni Branch Dar es Salaam
6 Mikocheni, Old Bagamoyo Road Mikocheni Branch Dar es Salaam
7 Nyerere Road Pugu Branch Dar es Salaam
8 Libya Street, Morogoro Road in Kisutu Kisutu branch Dar es Salaam
9 Buruguni Buruguni Branch Dar es Salaam
10 Uhuru Street at Kariakoo Uhuru Street Dar es Salaam
11 Serengeti Road, Sopa Plaza Arusha Sopa Plaza Arusha
12 TFA Shopping Centre Arusha TFA Arusha
13 Mkunguni Street in Kariakoo Mkunguni street Dar es Salaam
14 Mwanjelwa Mbeya Branch Mbeya
15 Lumumba Road Morogoro Branch Morogoro
16 Mawenzi Road Moshi Branch Moshi
17 Madukani Road Dodoma Branch Dodoma
18   Iringa Branch Iringa
19 Pamba Road Mwanza City Centre Mwanza
20 King Street Tanga Branch Tanga
21 Zanzibar State Trading Corporation Building Main Branch of Zanzibar Zanzibar
22 Darajani Kisiwandui Zanzibar Darajani Zanzibar

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