10 Best Banks In Tanzania

In this list, we will highlight the best banks in Tanzania that have distinguished themselves as leaders in offering a wide range of financial solutions to individuals, businesses, and communities alike.

1 NMB Bank (Best Bank for Savings)

NMB Bank is indeed a prominent player in Tanzania’s financial landscape. Established in 1994, it has grown to become one of the country’s most recognised and respected private-sector commercial banks. With over 224 branches and 794 ATMs across various Tanzanian cities, NMB Bank emphasises accessibility and inclusivity, serving over 3.5 million customers and collaborating with 5,980 agents nationwide.

2 CRDB Bank (Largest Bank in Tanzania)

CRDB Bank, one of the leading financial institutions in Tanzania, has established itself as a powerhouse in the country’s banking sector. With a strong focus on innovation, customer satisfaction, and financial inclusion, CRDB Bank has consistently been recognised as a top performer in the industry.

3 Exim Bank Tanzania

Exim Bank is a prominent financial institution that has established itself as a leading provider of financial services in multiple countries. With its roots in Tanzania, Exim Bank has grown steadily since its inception in 1997 and has become the country’s first international bank. Over the years, the bank has expanded its operations and now serves customers in various locations, including Dar es Salaam, Zanzibar, Tanga, Morogoro, Kilimanjaro, Arusha, and Manyara.

4 ABSA Bank Tanzania

As a subsidiary of ABSA Group Limited, one of Africa largest financial services providers, ABSA Bank Tanzania offers a wide range of banking products and services to individuals, businesses, and corporate clients.

5 National Bank of Commerce NBC (Best National Bank)

The National Bank of Commerce (NBC) is a prominent financial institution that operates in several countries. With a rich history and a strong presence in the banking industry, NBC offers its customers a wide range of services.

6 Standard Chartered

Standard Chartered Bank is a well-established and reputable international bank in Tanzania with a rich history dating back to 1917. As one of the oldest international banks in the country, Standard Chartered has witnessed significant milestones in Tanzania history, including its independence in 1964.

7 KCB Tanzania

KCB Bank Tanzania Limited, established in April 1997, is a commercial bank in Tanzania helping to drive financial progress and innovation. As a subsidiary of the KCB Bank Group, which operates across multiple East African countries, KCB Bank Tanzania benefits from a strong regional network.

8 Dar es Salaam Commercial Bank (DCB)

Dar es Salaam Commercial Bank (DCB) Plc was founded in 2001, and its headquarters is in Dar es Salaam. As a publicly traded entity, DCB Plc has earned its reputation as Tanzania premier bank because of its various retail and wholesale banking solutions that cater to millions of esteemed customers.

9 Diamond Trust Bank (DTB)

Diamond Trust Bank (DTB) is a leading regional bank listed on the Nairobi Securities Exchange (NSE). It has been operating in East Africa for over seventy years and is affiliated with the Aga Khan Development Network (AKDN). DTB growth in recent years can be attributed to its focus on the SME sector and its commitment to expanding its branch network to enhance convenience for customers.

10 Stanbic Bank Tanzania

Stanbic Bank Tanzania Limited is a full-service commercial bank that provides comprehensive facilities and services to public and private sector corporations, diplomatic missions, and international organisations.