Azania Bank Dar Es Salaam

Azania Bank Limited is a prominent commercial bank headquartered in Dar es Salaam, Tanzania. Established in 1995 as First Adili Bancorp, the bank has grown to become a significant player in Tanzania’s banking sector. Over the years, Azania Bank has expanded its services and branch network, offering a wide range of financial products to meet the needs of its diverse clientele.

Overview of Azania Bank

Azania Bank is a private commercial bank licensed by the Bank of Tanzania, the country’s central bank and national banking regulator. The bank’s primary services include retail banking, corporate banking, lease financing, foreign exchange transactions, and import/export financing. Additionally, Azania Bank offers the issuance of letters of credit to facilitate international trade.

In January 2019, Azania Bank acquired the assets and liabilities of Bank M, a retail commercial bank that had been under management by the Bank of Tanzania due to critical liquidity problems. This acquisition significantly expanded Azania Bank’s asset base and branch network, solidifying its position in the Tanzanian banking industry.

Branch Network and Locations

Azania Bank operates a comprehensive branch network across Tanzania, providing accessible banking services to both urban and rural communities. As of December 2021, the bank maintained branches in various locations, including

• Masdo Branch – Samora Avenue, Dar es Salaam
• Kariakoo Branch – Msimbazi Street, Dar es Salaam
• Kisutu Branch – Kisutu, Dar es Salaam
• Tegeta Branch – Chief House, Tegeta, Dar es Salaam
• Mwenge Branch – Mwenge Market, Dar es Salaam
• Mawasiliano Agency – Sam Nujoma Road, Dar es Salaam
• Industrial Branch – Nyerere Road, Dar es Salaam
• Lumumba Branch – Lumumba Street, Dar es Salaam
• Mwaloni Branch – Mwaloni Fish Market, Mwanza
• Rockcity Branch – Makongoro Street, Mwanza
• Rwagasore Agency – Rwagasore Street, Mwanza
• Lamadi Agency – Lamadi, Simiyu
• Kahama Branch – Kahama Central Business District, Shinyanga District
• Kagongwa Agency – Iponya Street, Kahama, Shinyanga
• Arusha City Branch – WaKaloleni Street, Arusha
• Mbauda Branch – Mbauda Corner, Arusha-Dodoma Road, Arusha
• Arusha Business Centre – Joel Maeda Street, Arusha
• Moshi Branch – Opp. Moshi Municipal Offices, Moshi
• Geita Branch – Geita
• Geita Mineral Centre – Kalangalala Street, Geita
• Katoro Branch – Geita
• Nyarugusu Service Centre – Geita
• Morogoro Branch – Old Dar es Salaam Road Street, Morogoro
• Sokoine Branch – Kikuyu Avenue, Dodoma
• Tunduma Branch – Sumbawanga Road, Tunduma
• Mbeya City Branch – Karume Avenue Road, Mbeya

This extensive network ensures that Azania Bank’s services are accessible to a broad segment of the Tanzanian population, facilitating financial inclusion and economic development.

Digital Banking Services

In response to the growing demand for convenient banking solutions, Azania Bank has invested in digital banking platforms to enhance customer experience. The bank offers

• Internet BankingAllows customers to perform various banking transactions online, providing flexibility and convenience.
• Mobile BankingThrough the Azania Bank Mobile App, customers can access banking services on their smartphones, including fund transfers, bill payments, and account management.
• Agency Banking (WAKALA)A network of authorized agents who provide banking services such as cash deposits, withdrawals, balance inquiries, and bill payments, extending the bank’s reach to underserved areas.

These digital platforms align with Azania Bank’s commitment to delivering services beyond traditional banking hours, catering to the evolving needs of its customers.

Financial Performance

Azania Bank has demonstrated consistent growth in its financial performance. In the first quarter of 2024, the bank reported a net profit after tax of TSh 7.3 billion, an increase from TSh 6.9 billion in the same period the previous year. This growth was attributed to an increase in both funded and non-funded incomes, with non-interest income nearly doubling due to higher foreign exchange profits, fees and commissions, and other operating income.

The bank’s strong financial performance reflects its effective business strategies, customer-centric approach, and robust operational framework.

Customer Support and Contact Information

Azania Bank values customer satisfaction and provides various channels for support and inquiries. Customers can reach the bank through

• Phone+255 784 701818
• Toll-Free0800 110210
• Emailcustomercare@azaniabank.co.tz
• AddressMawasiliano Towers, Sam Nujoma Road, Dar es Salaam, Tanzania

For more information, customers can visit the official website www.azaniabank.co.tz

Azania Bank Limited stands as a testament to the growth and modernization of Tanzania’s banking sector. With its extensive branch network, commitment to digital banking, and strong financial performance, the bank continues to play a pivotal role in providing accessible and innovative financial services to the Tanzanian populace. Whether through traditional banking channels or digital platforms, Azania Bank remains dedicated to meeting the diverse needs of its customers and contributing to the economic development of Tanzania.