Tanzania Commercial Bank - History, Rebrand, Commercial Services & More

Tanzania Commercial Bank – History, Rebrand, Commercial Services & More

Tanzania Commercial Bank is a bank operating in Tanzania. The commercial bank was previously known as TPB Bank PLC (Tanzania Postal Bank). The country’s official banking sector regulator and central bank, the Bank of Tanzania, licenses and supervises the bank.

History of the Postal Bank Tanzania


The British colonial government passed the Post Office Savings Bank Law in 1925. The law created the Post Office Savings Bank in Tanganyika. Two years later, in 1927, the bank began operations.

Banking Sector Reform

After the Ujamaa economic policy ended in Tanzania, the Tanzanian government started banking sector reform. Subsequently, the Tanzania Post Office Savings Bank became a new entity known as the Tanzania Postal Bank. The bank was created by the Tanzania Postal Bank Act Number 11 of 1991 as a different organization from TP&TC. Since it became independent, it has served more customers than it had ever done before and has also begun making financial gains for the government.

PLC and Stock Exchange Listing

The management of the bank in 2015 disclosed that the bank would be listed on the Dar es Salaam Stock exchange to bring in capital to automate its operations and expand. The bank formally rebranded in January 2017, and its name was changed to TPB PLC.

Acquisitions and Mergers

The central bank merged two poor-performing banks (Tanzania Women’s Bank and Twiga Bancorp) into the bank in 2018. Also, in 2020, the bank of Tanzania merged TIB Commercial Bank with TPB. The bank’s total assets are set to hit over TSh 1 trillion with the merger.


The bank, in 2021, rebranded and became known as Tanzania Commercial Bank, a name that reflects the institution’s national nature. Its cumulative assets at the time had grown to more than  1 trillion TzS (approximately $346 million).

Corporate Affairs


The table below shows TPB Bank PLC shareholding stock on 31st December 2019.

S/N Owner Percentage
1. Workers’ Compensation Fund 1%
2. PSSSF 2%
3. TP and TC Credit and Savings Society 3%
4. Zanzibar Revolutionary Government 3%
5. TPC 8%
6. Tanzanian government 83%
  TOTAL 100%

Business Trends

TPB Bank’s year ends on 31st December every year.

  2018 2017 2016 2015 2014 2013 2012
Total Revenue (in TzS billions) 118.3 106.8 91.67 74.49 53.22 38.48 31.10
Interest Income( in TzS billions) 96.0 83.0 66.81 49.43 34.75 26.60 20.87
Gain After Tax (in TzS billions) 12.7 12.6 10.81 8.27 6.77 4.74 4.07
Total Assets (in TzS billions) 562 458.3 400.8 371 298 200.8 167.3
Total Branches       28 28 28 28
Total Employees 888 718 700 660 574 454 444

Other Important Things About the Former Tanzania Postal Bank

Tanzania Postal Bank Address

Head Office – Tanzania Postal Bank Dar es salaam

Extelecoms Annex,

Samora Avenue,

P. O. Box 9300

Phone Number: +011 255 22 211 0621/2

Fax Number: +011 255 22 211 4815

Tanzania Postal Bank Brancheshttps://www.tcbbank.co.tz/locator/en

Tanzania postal bank exchange rates – For today’s Tanzania postal bank exchange rate visit the homepage of the bank and refer to the right side of the page, there is a column listing exchange rates – https://www.tcbbank.co.tz/home/en

For more articles related to Financial Services in Tanzania, click here!

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