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REVOCATION OF BANKING LICENCES AND COMPULSORY LIQUIDATION FOR FIVE BANKS

Pursuant to the provision of section 56(1)(g), 56(2)(a),(b) and (d), 58(2)(i), 11(3)(c) and (j), (61)(1) and 41(a) of the Banking and Financial Institutions Acts, 2006, the Bank of Tanzania has decided to take possession of; and place under compulsory liquidation of the following banks: Covenant Bank For Women (Tanzania) Limited; Efatha Bank Limited Njombe Community Continue Reading

Our Core Values

Integrity: We highly adhere to ethical standards in performing our duties and responsibilities in support of our mission. Accountability: We perform our duties transparently and remain accountable to our stakeholders. Communication we effectively communicate and collaborate with our stakeholders. Team work: We embrace multidisciplinary teamwork Excellence: We perform our duties professionally, embrace creativity and innovativeness Continue Reading

Governance, Management and Staffing

The Board of Directors of DIB is the apex decision making organ.  The Board comprises of six (6) members; the Governor of BOT (Chairman), representative from the Ministry of Finance and Planning – United Republic of Tanzania, Permanent Secretary Treasury – Revolutionary Government of Zanzibar and three other members appointed by the Minister for Finance Continue Reading