EBT is a large banking institution, providing commercial banking services to individuals, small-to-medium-sized businesses (SMEs), and large corporate clients. As of December 2017, according to its annual report, published on the bank’s website, the bank’s total assets were valued at TZS 1.604 trillion (US$706.5 million), assuming an exchange rate of TZS 2,270 per US dollar, with shareholders’ equity of TZS 231.454 billion (US$102 million).
EBT was the fifth largest commercial bank in the country, by assets, as of April 2014. By June 2016, the bank’s total assets had grown to TZS:1.5 trillion (approx. US$700.8 million)
History
EBT was formed in 1997 by a group of Tanzanian business people, following the liberalization of the Tanzanian economy. It reportedly broke even within the first five months of operation.[5] As of November 2014, EBT maintains a wholly owned banking subsidiaries in the Comoros, Djibouti and Uganda. It is the first indigenous Tanzanian bank to own subsidiaries outside the country, as at March 2016.[6] In April 2010, the bank was authorized by the Bank of Tanzania to establish subsidiaries in Djibouti and Zambia, thus setting up the Exim Bank (East Africa) Group, a regional banking financial services organization. In March 2016, EBT acquired 58.6% of Imperial Bank (Uganda) Ltd and changed its name to Exim Bank (Uganda) Limited
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