NCBA Bank Tanzania is a commercial bank operating in Tanzania, formed through the merger of NIC Bank Tanzania and Commercial Bank of Africa (Tanzania) in July 2020[1]. It is a subsidiary of NCBA Group Plc, a financial services conglomerate headquartered in Nairobi, Kenya, with operations across East and West Africa[3]. ### Key Features - Headquarters: Located in the Amani Place Building, Ohio Street, Dar es Salaam[1]. - Assets: As of December 2022, NCBA Bank Tanzania had total assets of approximately TSh 428 billion (US$183 million)[1]. - Branch Network: The bank has several branches across Tanzania, including locations in Dar es Salaam, Arusha, Mwanza, and Zanzibar[1]. - Services: Offers a range of financial services, including consumer loans with nominal interest rates starting at 17%[4]. The bank also provides digital banking solutions through the NCBA Now app[4]. ### History - NIC Bank Tanzania began as a non-bank financial institution in 1994 and converted into a commercial bank in 2004[1]. - Commercial Bank of Africa was founded in 1962 and had operations in Tanzania before nationalization led to its relocation[1]. - The merger between NIC Bank Group and Commercial Bank of Africa Group was completed in 2019, forming NCBA Group Plc[3]. ### Parent Company - NCBA Group Plc is listed on the Nairobi Stock Exchange and operates across Kenya, Tanzania, Rwanda, Uganda, and Ivory Coast[3].