PROFILE

 Azania Bank Limited is the first indigenous private bank, formerly known as 1st Adili Bancorp Limited established in 1995 following the liberalization of the banking sector.  

The major shareholders of the Bank include National Social Security Fund (NSSF) 34.8%, Parastatal Pensions Fund (PPF) 30.1%, Public Service Pensions Fund (PSPF) 17.2%, Local Authorities Pensions Fund (LAPF) 14.2%, East African Development Bank (EADB) 2.3% and several indigenous Minority Shareholders including staff holding 1.4% of the shares the bank.

The  Bank is currently providing  banking services  at  11 locations in Tanzania which are  Masdo House  along Samora Avenue, Kariakoo Branch along Msimbazi Street, Tegeta Branch along Bagamoyo Road, Mwenge Branch and  Mawasiliono Towers(TCRA building) along Sam Nujoma Road in Da es salaam , Mbauda Branch and  Arusha City Branch along Wapare Street in Arusha, Moshi Branch along Market Street in Kilimanjaro , Kahama Branch in Kahama Town - Shinyanga, Mwaloni Branch near Mwaloni Fish Market and Nkrumah Branch along Nkrumah Street in Mwanza. The Bank is in the process of opening another branch in Geita and three (3) agencies in Lamadi, Katoro & Kagongwa around Lake Zone before end of June 2012.

 

The bank is a shareholder of Umoja Switch Company which has more than 23 member Banks sharing a common EFT Switch and payment infrastructure platform through ATM’s throughout the country. Through this shared infrastructure member banks are now implementing additional services like internet banking that will facilitate online fund transfers through accounts in different banks, mobile banking, online air time recharge, utility bill payments and exploring options for institution of gateway to other international networks like VISA/Master Card.

Azania Bank is one of the pioneer bank with an equity investment in Tanzania Mortgage Refinance Company Limited (TMRC), an institution created to provide long term financing to member banks to support creation of a vibrant mortgage market in the country.

Mission Statement

Azania Bank Ltd aims at becoming a leading bank in providing banking and financial services to the small and medium sized customers by using professionally, motivated and dedicated staff, applying the state of the art-technology and continually enhance shareholder value.

Vision

To be One Stop Financial Centre for the Small and Medium Sized Enterprises.

Target Market

Our target market is small and medium sized companies, individuals, NGOs.

Providing credit does not guarantee growth in any economy it is how the credit is applied that matters greatly to the development of the economy... Small and Medium Sized Enterprises (SME's) have long been the true engines of economic growth. They are more innovative, faster in growth, possibly more profitable as compared to larger sized enterprises.

Traditionally they produce much, or even most, of the technological innovations in business and industry. They create new jobs at faster pace than larger companies do. They constitute the most dynamic segment of many transition and developing economies and their significance can furthermore be measured in the sizeable contribution they make to the countries gross national products.

Azania Bank Limited recognizes the fact that fair and reasonable access to credit matters, not just because credit helps small business to grow, but more importantly because small businesses help the economy to grow. We believe that SME's are crucial for economic and social development for our country.

In Azania we are taking seriously the need to ensure SME's continue to access credit, savings and other financial service at affordable terms and more conveniently through/by

• Segmenting the market and building up in-depth knowledge of customers.
• Developing wide range of demand-driven products and services.
• Leveraging on appropriate technology.
• Developing multi-channel network for delivery of products and services
• Use of advanced, cost effective tools for comprehensive risk management
• Aligning organisation structure to target market segments
• Developing an efficient integrated MIS system.
• Good governance and transparent reporting
• Building strategic partnerships with global leaders in small business finance and providers of Financial technologies.

AZANIA BANK VALUES

• Innovation
• Effective Risk Management
• Low Cost Services
• Responsiveness
• Leadership
• Commitment
• Integrity
• Motivation & Teamwork

SHAREHOLDING STRUCTURE

The Current shareholders of the Bank are as follows:

S/N	SHARE HOLDERS	%
1	National Social Security Fund (NSSF)	34.8
2	Parastatal Pension Fund (PPF)	30.1
3	Local Authority Pensions Fund	14.2
4	Public Service Pension Fund (PSPF)	17.2
5	East African Development Bank	2.3
6	Tanzanian Individual including staff	1.4
	TOTAL	100