Five Tanzanian banks fined for breaching AML laws
The Bank of Tanzania has penalised five commercial banks for violating the country’s anti-money (AML) laundering laws. African Banking Corporation…
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Tanzania fines National Bank of Commerce for violating data rules
Tanzania has fined local lender National Bank of Commerce (NBC) for failing to establish a data centre in the country.…
Tanzania set three-month deadline for banks to setup local data centres
The Central Bank of Tanzania has issued a new circular that mandates all financial institutions in the country to establish…
Tanzania penalises Diamond Trust Bank for regulatory breaches
The central bank of Tanzania has fined local lender Diamond Trust Bank for violating regulatory rules on data and service…
Tanzania relaxes bank reserve requirements to boost lending
Tanzania is set to reduce the capital reserve requirements of the banks in a bid to boost lending in the…
Exim Bank Tanzania to snap up UBL Bank Tanzania
Exim Bank Tanzania Group has made an offer to buy the entire assets and liabilities of UBL Bank Tanzania (UBLT).…
Tanzania’s CRDB Bank improve loan collections with Nucleus’ platform
Tanzanian lender CRDB Bank has implemented Nucleus Software’s FinnOne Collections and Lending Analytics platform to improve loan collections and reduce…
IMF says almost half of Tanzanian banks susceptible to financial downturn
The International Monetary Fund (IMF) has said around half of the Tanzanian banks are at the risk of insolvency and…