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Ecobank in Tanzania

  • Key Figures
    Microeconomics information

    Ecobank Tanzania Limited is a Subsidiary of Ecobank Transnational Incorporated (ETI) a multinational Bank Presenting 33 African Countries. Ecobank began its operations in Tanzania on the 19th January 2010 which enables the bank to commence provision of fully commercial banking services to the public. The bank currently has 5 branches (Dar es Salaam branches include: Acacia, Mwenge and PSPF branch; upcountry; Arusha and Mwanza; these branches are strategically located bringing financial advice closer to Tanzanians and easy of cross border trade due to the Banks wide network.

    Ecobank Tanzania currently has 7 ATMs all accepting VISA, MasterCards, China UnionPAy and PAN African Cards (PAC).


    Distribution Channels

    The Bank strategically locates its retail outlets in the fastest growing towns and cities in Tanzania, leveraging on its footprint to gain competitive advantage and delivering its products and services through these principal channels:

    • 5 Branches network,
    • 7 ATMs,
    • Telephone Banking services through the Ecobank Contact Centre / Toll free number 0800110021
    • Remote banking on Ecobank’s Internet Banking platform, Mobile Banking and other E-Banking platforms
    At the Year End 2023 (Tshs’ 000) 2022 (Tshs’ 000)
    Total Assets 406 689 382 320 650 902
    Total Deposits 274 587 627 185 966 650
    Shareholder's Equity 28 257 929 19 520 878
    Number of Branches 5 5
    For the Financial Year 2023 (Tshs’ 000) 2022 (Tshs’ 000)
    Profit After Tax 8 737 051 1 461 406
  • General Information

    Area: 947,300 squares kilometres of land

    Capital: Dodoma

    Principal cities: Dar es Salam, Dodoma, Arusha, Tanga, Mbeya and Mwanza

    Official language: Swahili, English

    Independence day: 9th December 1961; Union day: 26th April 1964

    Population: The Population of Tanzania is 61.74 million ( 2022 census results, National Bureau of Statistics)

    Demographic growth: 2.032% (2010 est.)

    Life expectancy: 52.49 years (CIA 2010 est.)

    Literacy rate: 69.4% (2002 census)

    Religion(s): Mainland - Christian 30%, Muslim 35%, indigenous beliefs 35%; Zanzibar - more than 99% Muslim

    Human development index: Increase 0.521

    Currency: Tanzanian Shilling (TZS)

    GDP: $18.46 billion at Current prices ( Third Quarter 2022 GDP, National Bureau of Statistics)

    GDP per capital: $998

    Growth rate: 6% (2009 est.)

    Rate of unemployment: N/A

    Rate of inflation: 12.1% (2009 est.)

    Export partners: India 8.51%, China 7.55%, Japan 7.12%, Netherlands 6.21%, UAE 5.71%, Germany 5.17% (2009)

    Import partners: India 13.97%, China 13.71%, South Africa 7.8%, Kenya 6.89%, UAE 4.65%, Japan 4.34% (2009)

    Contribution of various sectors to GDP: agriculture: 26.4%, industry: 22.6%, services: 50.9% (2009 est.)

  • Board of Directors

    Mr. Michael Sallu

    Chairman

    Mr. Charles Asiedu

    Managing Director

    Ms. Nathalie Villette

    Director

    Mr. Yesse Oenga Achoki

    Director

    Mr. Gadi Urasa

    Director

    Mrs. Juliana Sweke

    Director

    Mr. Richard Martin Mwakalukwa

    Director

    Mrs. Rosemary John Tesha Tenga

    Director

  • Annual Reports
    2023 Ecobank Tanzania Limited Reports and Financial Statements 31 December 2023 PDF 11.45 MB Download - 2023 Ecobank Tanzania Limited Reports and Financial Statements 31 December 2023
    2023 Ecobank Tanzania 2022 - 2023 Financial Highlights PDF 1.09 MB Download - 2023 Ecobank Tanzania 2022 - 2023 Financial Highlights
    2023 Ecobank Tanzania Limited Reports and Financial Statement Q3 2023 PDF 1.34 MB Download - 2023 Ecobank Tanzania Limited Reports and Financial Statement Q3 2023
    2023 Ecobank Tanzania Limited Reports and Financial Statement Q2 2023 PDF 1.28 MB Download - 2023 Ecobank Tanzania Limited Reports and Financial Statement Q2 2023
    2023 Ecobank Tanzania Limited Reports and Financial Statement Q1 2023 PDF 661.95 KB Download - 2023 Ecobank Tanzania Limited Reports and Financial Statement Q1 2023
    2022 Ecobank Tanzania Limited Reports and Financial Statement for the Year ended 31 Dec 2022 PDF 7.53 MB Download - 2022 Ecobank Tanzania Limited Reports and Financial Statement for the Year ended 31 Dec 2022
    2021 Ecobank Tanzania Limited Audited Reports and Financial Statements as at 31 Dec 2021 PDF 9.1 MB Download - 2021 Ecobank Tanzania Limited Audited Reports and Financial Statements as at 31 Dec 2021
    2020 Ecobank Tanzania Limited Audited Reports and Financial Statements as at 31 Dec 2020 PDF 3.13 MB Download - 2020 Ecobank Tanzania Limited Audited Reports and Financial Statements as at 31 Dec 2020
    2019 Ecobank Tanzania Limited Audited Reports and Financial Statements as at 31 Dec 2019 PDF 4.68 MB Download - 2019 Ecobank Tanzania Limited Audited Reports and Financial Statements as at 31 Dec 2019
    2014 Tanzania Annual Report PDF 2.81 MB Download - 2014 Tanzania Annual Report
    2013 Tanzania Annual Report PDF 671.72 KB Download - 2013 Tanzania Annual Report
    2012 Tanzania Annual Report PDF 280.29 KB Download - 2012 Tanzania Annual Report
    2011 Tanzania Annual Report PDF 1.02 MB Download - 2011 Tanzania Annual Report
    2010 Tanzania Annual Report PDF 983.05 KB Download - 2010 Tanzania Annual Report
  • Latest News
    2025 Ecobank FY 2024 Earning Release View
    2025 Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards View
    2025 Ecobank Côte d'Ivoire Launches West Africa’s First Gender Bond to Accelerate Financial Inclusion for Women Entrepreneurs View
  • Forms and Documents
    General Terms and Conditions for Ecobank Salary Advance via Digital Channels PDF 158.78 KB Download - General Terms and Conditions for Ecobank Salary Advance via Digital Channels
    Ecobank Tanzania Wakala PDF 1.2 MB Download - Ecobank Tanzania Wakala
    Ecobank Tanzania Tariff Guide 2022 PDF 186.48 KB Download - Ecobank Tanzania Tariff Guide 2022
    Approved 2019 Tariff Guide XLSX 21.9 KB Download - Approved 2019 Tariff Guide
    2019 Tariff Guide PDF 469.09 KB Download - 2019 Tariff Guide
    Tariffs 2018 PDF 35.41 KB Download - Tariffs 2018
    New account application form -- Individual PDF 590.45 KB Download - New account application form -- Individual
    New account application form -- Entities (incorporated and non-incorporated) PDF 619.65 KB Download - New account application form -- Entities (incorporated and non-incorporated)
  • Executive Management

    Charles Asiedu

    Managing Director

    Zahoro Kaguo

    Head of Human Resources

    Raymond Njuu

    Head of Treasury

    Nanzia Rajab

    Chief Finance Officer

    Hope Liana

    Head Legal and Company Secretary

    Raphael Benedict

    Head of Compliance and Strategy Executions

    Joyce Ndyetabura

    Head of Commercial Banking

    Noelah Lugongo

    Head of Operations and Technology

    Ruth Mwaiselage

    Head of Consumer Banking

    Godwin Mngulu

    Head of Credit

    Kodi Mwanilelo

    Head of Internal Audit

    Nsajigwa Mwaitenda

    Head of Risk and Internal Control

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