Tanzania Postal Bank

TPB Bank Plc.
Government Owned
Industry Financial services
Founded 1925
Headquarters LAPF Towers
Bagamoyo Road
Dar-es-salaam, Tanzania
Key people
 Sabasaba Moshingi (C.E.O)
Products Loans, savings, checking, investments, debit cards, credit cards, mortgages
Revenue Increase TZS:74.49 billion (2015)[1]
Increase TZS:8.265 billion (2015)[1]
Total assets Increase TZS:370.70 billion (2015)[1]
Number of employees
 660 (2015)
Website www.tpbbank.co.tz

The Tanzania Postal Bank Plc. is a licensed commercial bank in Tanzania and one has the roots of one of the oldest banking institutions in the country.[2] The bank traces its roots to the Tanganyika Post office Savings Bank, which then formed an entirely independent entity from the Tanzania Posts Corporation.[3] In 2017 the bank aimed to list itself on the Dar es Salaam Stock Exchange and officially transformed into a Public limited company.

History

Incorporation

In 1925 the Tanganyika Post Office Savings Bank Ordinance was passed by the British Colonial government that established the Tanganyika Post office Savings Bank. The bank became operational in just two years in 1927.[4]

Financial Sector Reform

After the government of Tanzania began financial sector reform following the end of Ujamaa economic policies in the country, the Tanzania Post office Savings bank was transformed into a separate entity, the Tanzania Postal Bank. The Tanzania Postal Bank Act No. 11 of 1991 created the bank as a separate entity from the Tanzania Posts and Telecommunications Corporation.[5] Since attaining its independence, the bank has provided services to a much larger population than before and it has begun to provide a profit to the government.

Public Limited Company

In 2015 the bank management declared that the bank will list the bank on the Dar es Salaam Stock Exchange, in order to raise capital to expand and automate the companies operations.[6] On January 19, 2017, the bank officially rebranded the company and Tanzania Postal Bank Limited changed its name to TPB Bank Plc.[7]

Corporate Affairs

Ownership

As of December 2016 the banks ownership is split among four stakeholders.[8]

Tanzania Postal Bank Stock Ownership
RankName of OwnerPercentage Ownership
1Government of Tanzania85.87
2Tanzania Posts Corporation8.22
3Revolutionary Government of Zanzibar3.04
4TP & TC Savings and Credit Society2.87
TOTAL100.0

Tanzania Postal bank year ends on December of the year

2012 2013 2014 2015
Total Revenue (TZS Billions) 31.10 38.48 53.22 74.49
Interest Income (TZS Billions) 20.87 26.60 34.75 49.43
Profit After Tax (TZS Billions) 4.07 4.74 6.77 8.27
Total Assets (TZS Billions) 167.3 200.8 297.8 370.7
Number of Branches 28 28 28 28
Number of Employees 444 454 574 660
Notes/sources [9] [9] [9] [1]

References

  1. 1 2 3 4 "Tanzania Postal bank Annual Report 2015" (PDF). postalbank.co.tz. Tanzania Postal Bank. Retrieved 19 January 2017.
  2. ↑ "Tanzania Postal Bank DIGITAL FINANCIAL INCLUSION THROUGH POPOTE" (PDF). Retrieved 19 January 2017.
  3. ↑ "Historical Background". www.postalbank.co.tz. Retrieved 2017-01-19.
  4. ↑ Elinaza, Abduel (2015-05-27). "Tanzania: Postal Bank to Go Public Next Year". Tanzania Daily News (Dar es Salaam). Retrieved 2017-01-19.
  5. ↑ "THE TANZANIA POSTAL BANK ACT, 1991" (PDF). Government of Tanzania.
  6. ↑ Mwakyusa, Alvar (2016-04-22). "Tanzania: Postal Bank in Upward Trend Gets Set for Listing At DSE". Tanzania Daily News (Dar es Salaam). Retrieved 2017-01-19.
  7. ↑ Anyimike, Anastazia. "TPB yaombwa unafuu wa mikopo". www.habarileo.co.tz (in Swahili). Retrieved 2017-01-19.
  8. ↑ "Share holding structure". www.postalbank.co.tz. Retrieved 2017-01-19.
  9. 1 2 3 "Tanzania Postal bank Annual Report 2014" (PDF). postalbank.co.tz/. Tanzania postal bank. Retrieved 19 January 2017.
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