Exim Bank Group (East Africa)

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Not to be confused with Exim Bank (Tanzania).

Exim Bank Group (East Africa)
TypePrivate conglomerate
IndustryBanking and Finance
PredecessorN/A
FoundedAugust 15, 1997; 24 years ago (1997-08-15)
Headquarters
Exim Tower
1404/05 Ghana Avenue
Dar es Salaam, Tanzania
Key people
Said Mwema
Group Chairman
Dinesh Arora
Group CEO
ProductsLoans, mortgages, investments, debit cards, credit cards
RevenueIncrease:Pretax:US$30 million (Q2:2016)[1]
Total assetsUS$3.3 billion (June 2016)[1]
WebsiteHomepage

Exim Bank Group (East Africa) (EBGEA), is a financial services conglomerate based in the African Great Lakes region. EBGEA's headquarters are in Dar es Salaam, Tanzania, with subsidiaries in Uganda, Tanzania, Comoros, Djibouti and Ethiopia.[1][2]

Overview[]

EBGEA is a large financial services conglomerate. As of 30 June 2016, it had estimated assets exceeding US$3.3 billion. At that time, the group had a total of 43 branches in four countries across the East African region. The bank issues "TANAPA" cards, Mastercards and Visa cards, acceptable regionally and internationally.[1]

History[]

EBT was formed in 1997 by a group of Tanzanian business people. The bank is reported to have broken even within the first five months of operation.[3] The subsidiary in the Comoros was established first, in 2007. Later, in 2011, Exim Bank opened a subsidiary in Djibouti. In 2016, the bank set foot in neighboring Uganda, by acquiring shareholding in the former Imperial Bank Uganda, converting it into Exim Bank Uganda.[4][5] In December 2019 the Group established a representative office in Ethiopia, through its Djibouti subsidiary.[2]

Member companies[]

The group consists of the following subsidiaries: Exim Bank (Comoros), Exim Bank (Djibouti), Exim Bank (Uganda) and Exim Bank (Tanzania).[5]

See also[]

References[]

  1. ^ a b c d Timothy Kitundu (28 August 2016). "East Africa: Exim Bank Tanzania Assets Top U.S.$3 Billion". East African Business Week via AllAfrica.com. Kampala. Retrieved 17 October 2017.
  2. ^ a b The Citizen (25 November 2019). "Exim Bank expands its wings to Ethiopia". The Citizen (Tanzania). Dar es Salaam. Retrieved 3 December 2019.
  3. ^ IGJ (2009). "Exim Bank Tanzania: Company Profile and History". Ide.Go.Jp (IGJ). Retrieved 17 October 2017.
  4. ^ EBTANZ (17 October 2017). "Exim Bank Tanzania: About Us". Dar es Salaam: Exim Bank (Tanzania) (EBTANZ). Retrieved 17 October 2017.
  5. ^ a b Big Eye (18 May 2016). "Exim Bank Celebrates Another Milestone In East Africa's Financial Sector". Bigeye.ug (Big Eye). Retrieved 17 October 2017.

External links[]

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