Exim Bank

Sector: Banking & Financial Services

Client Profile

About Us

 

Exim Bank (Tanzania) Ltd, one of the locally established Bank in Tanzania since Aug’ 97, continues to remain in the forefront of providing quality banking services in the Country. Within a short span of 17 years of its existence, the Bank has built strong brand equity through its geographical reach, innovative products, relationship management and ability to provide a faster turnaround in services; and in the process building a loyal customer base.

The bank ranks fifth in the country in terms of total assets and total deposits as on 31stDec, 2013. It is the first bank in Tanzania to have established banking footprint overseas – Union of Comoros (2007) &Republic of Djibouti (2011). Thebank has a total of 32 branches (including subsidiaries)at strategic locations across Tanzania and catering to more than 250,000 customers.

Our Vision

Our vision is to be the most preferred local bank of choice in Tanzania. We are committed to achieve our vision by providing best innovative banking services at par with international standards in Tanzania.

Pioneering Initiatives

Over the years, Exim Bank has exhibited through its performance that it had ‘An Edge above the Rest’, and has positioned itself as one of the most innovative Bank in the country.Some pioneering initiatives of the Bank remain as a testimony to the same:

  • 1st Bank to introduce Credit Cards in the country;
  • 1st Bank to have established footprint overseas
  • 1st Bank to launch mobile applications for smart phones in Tanzania
  • 1st Bank to Introduce Mobile ATM in the country
  • 1st Bank to Introduce exclusive financing scheme for Women

International Relationships

Exim Bank has financial relationship with international developmental financial institutions viz. IFC, PROPARCO, NORFUND & FMOetc. to support long term foreign currency lending, to SMEs.       

The Bank also caters to the ever-increasing international business needs of its customers through the correspondent banking business with the following banks:-

  • Citibank, USA
  • Deutsche Bank AG, London
  • Bankers’ Trust, USA
  • Axis Bank, Hong Kong & India
  • Nedbank, RSA
  • Standard Chartered Bank,
  • CFC Bank, Kenya
  • PTA Bank.

Exim Bank is the only member bank from Tanzania to join Global Banking Alliance for Women, a worldwide group of banks that share best practices in order to accelerate the global growth and development of women businesses.

Our Core Business

Our core business is to provide commercial banking solutions to the Retail, Mid & Large Corporates by offering a wide range of innovative productsof international standards, in all verticals, including Corporate& retail lending, deposit, payment solutions, foreign exchange operations, cash handling services and other ancillary services etc.

Financial Performance

The Bank’s Total Asset as on 31stJune, 2014 is at TZS1.1 trillion (USD650Mi). The Gross Loans & Advances witnessed a growth of 18% during H1-2013 to reach TZS 549 billion (USD 330Mio). The PAT for H1-2013 is TZS 11.73 Billion (USD 7Mio) representing 66% growth compared to H1-2013.The Gross Advances had a robust growth of 21.21% to reach TZS 521 billion (USD 311Mio) during 12 month period ending 31st Dec, 2013.

Strategic Vision

Being an indigenous bank, Exim has been endowed with intrinsic strength viz. deep knowledge of the market & the operating environment; and also an ability to provide faster decision. The bank has been able to well establish these as its USPs, leading to sustained to growth and brand image.

The bank is in the process of transforming itself to be a strong Regional Bank with best International practices.  With such sights in mind the bank has roped in some of the best advisors (globally) to assist onprocesses, Technology & Enterprise wide Risk Management

The medium term vision of the bank is to be the ‘Leader in Payments and Transactions’ as also to be a ‘Preferred choice for businesses’.

Governance Team

The bank is waspromoted by 5 Shareholders of which 3 are residents Citizensof Tanzania and represent on theBoard.  The Bank also has 4 Independent Directors with varied and rich experience in Banking and Corporate Governance.

Economic outlook of the Region

The Sub Saharan African Region (SSA) has been continually attracting attention of the global investing Community.  East African Region, offers even better opportunities for the potential investors, of which Tanzania has been at the forefront as is reflected in the sustained FDI for the last few years;

Natural Gas and Oil discovery in the Region and an enhanced momentum towards integration of East African Community have added a renewed interest into these economies. Analysts thus maintain a positive bias towards sustainability of theGDP growth over the next few years.  The economies are also well poised for an enhanced investment into infra sectors through internal generations / outside support and / or investments.

The emerging economic phenomenon, thus, offers an ideal platform for domestic financial institutions to look beyond the ‘Commercial Banking’ aspect.

Bank’s forays into Investment Banking

Exim Bank has identified ‘Investment Banking’ as one of the major potential areas for intermediary services in the Region and more particularly in Tanzania.  The bank has been in the process of building capacities in terms of skills and structuring Investment Banking products / advisory services to cater to the specific needs of the Corporates.

The bank is also in the process of identifying / entering into Strategic Partnerships with large international financial players to provide fronting for large / complex deals.

 

Overall, the bank is in the cusp of major transformation from an Indigenous bank to a Strong be a strong Regional player.  Some of the coveted recognitions in the recent past viz. ‘No 1 in Customer Care – by KPMG’, having been shortlistedfor ‘FT Sustainable bank of the year for Middle East & Africa’ as one amongst the 3 and being recognised by NBAA, the local accounting body for ‘Best presented financial statements’ add to the confidence and motivation of the entire team @ Exim Bank!

CEO Interview with The Business Year

The CEO of Exim Bank Tanzanian Dinesh Arora, talks to The Business Year in an exclusive interview. To read the full article click on the link below:

The Business Year Interview