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NEWS & EVENTS

Current News

Date: Dec 2009

TBA 13th Annual General Meeting

Date: June 2009

Launching of Mortgage Finance and Unit Titles Regulations and Public awareness Campaign.

Date: April 2009

Inhouse Lawyers event

Date: March 2009

AML/Compliance Workshop

Date: December 2008

TBA 12th Annual General Meeting

Date: May 2008

TBA Cocktail, May 2008

Date: December 2007

Ben Christiaanse new TBA Chairman

Date: April 2007

TBA bid farewell to Mayank Malik

TBA held a Presidential dinner

Date: 13th December 2006

UmojaSwitch signs a fund transfer contract

Date: 5th December 2006

TBA 10th Annual General Meeting

Date: 20th April 2006

TBA Public Lecture held on 20th April 2006

Date: 7th December 2005

Mayank Malik Re-elected

as Chairman of the Tanzania

 Bankers Association (TBA)

Date: 15th July 2005

Fighting Frauds and Forgeries Workshop

 

Date: 08th March 2005

TBA Conference held on

08th March 2005


Current Events

Events Archives

Member Banks News Archives

 CURRENT NEWS

TBA 13th Annual General Meeting

The Tanzania Bankers Association (TBA) held its 13th Annual General Meeting on 10th December 2009 at the Kilimanjaro Kempinski Hotel,             Dar es Salaam, followed by a Cocktail at the Kibo Ballroom.

The AGM re-elected the office bearers finishing their 2-years term to serve again for another 2 years term. Ben Christiaanse, was re-elected the Association's Chairman; Charles G. Singili, re-elected as the Vice Chairman, while Iddi B. Msonga will continue to serve as the Honorary Treasurer of the Association. Members also approved the Association's Activity Plan and the Income and Expenditure Budget for the year 2010, and based on their confidence to the firm, once again, TBA re-appointed KPMG as the Association's auditors.

Closing the Association’s 13th Annual General Meeting, the Chairman, Mr. Ben Christiaanse thanked members for the trust they have given him and other office bearers to lead the Association for another two years. He also commended the Executive Director and the Secretariat for the job well done and wished all members a Happy New Year 2010.

After the meeting, members of the Association together with committee members gathered at the Kibo room for a "Drink" to close the Year 2009 and welcome 2010 at which the Chairman briefed the audience on the Association's success and challenges during the year ended and the priorities for the Year 2010. Invited were also officials from the Bank of Tanzania.

Read Address by the Chairman

Visit the Picture Gallery.

Launching of Mortgage Finance and Unit Titles Regulations, 2008 and Public awareness Campaign

Hon. John Z. Chiligati, Minister for Lands, Housing and Settlements has recently launched Mortgage Finance and Unit Titles Regulations together with a  Public awareness campaign for the same.

The event was witnessed by hundreds of stakeholders including Heads of Financial Institutions, Housing Associations, Lawyers, Government Officials and the Press.

The Regulations are aimed to ease the obstacles which existed in the yester years where banks feared to have mortgage finance as a bank product due to unfavorable environments that existed in the event of loan defaults.

At the closing of his speech, Hon. Chiligati urged every stakeholder in the housing business to play their part to ensure better settlements for every Tanzanian. 

Read Address by Hon. Chiligati

Photo gallery

In-house Lawyers social evening

TBA In-house Lawyers, recently had a get-together evening held at the summit of the RedOnion Restaurant located at Haidery Plaza. The idea for the event was to create a closer network between in-house lawyers and for a while, forget about the "... in the case of X vs Y"  language... and indeed, everybody was happy!

Visit photo gallery

AML/Compliance Workshop

The Tanzania Bankers Association (TBA) organized a half-day Workshop on Anti-Money Laundering. The Workshop which was held on 17th March 2009 at the Kilimanjaro Kempinski Hotel, Dar es Salaam was attended by Twenty nine Anti-Money Laundering and Compliance Officers from 22 member banks.

The purpose of this Workshop was to review AML Regulations, 2007 and come up with comments and recommendations aimed at improving the said Regulations for implementation. The Workshop was coordinated by Julius Mukoji (NBC) and Ms. Nina Eshun (Standard Chartered).

Visit photo gallery

TBA 12th Annual General Meeting

The Tanzania Bankers Association (TBA) held its 12th Annual General Meeting on 2nd December 2008 at the Kilimanjaro Kempinski Hotel,             Dar es Salaam.

In his opening remarks, the Chairman thanked Hemen Shah, the former MD of Standard Chartered Bank for his active participation in the affairs of the Association during his stay in Tanzania and welcomed his successor, Jeremy Awori.

The AGM also approved the Association's Activity Plan and the Income and Expenditure Budget for the year 2009, and based on their confidence to the firm, TBA re-appointed KPMG as the Association's auditors.

Closing the Association’s 12th Annual General Meeting, the Chairman, Mr. Ben Christiaanse thanked the Executive Director and the Secretariat for the job well done and wished all members a Happy New Year 2009.

The Association’s membership has now grown up to 30 members.

Visit photo gallery

TBA Cocktail, May 2008

The Tanzania Bankers Association (TBA) last month held a Cocktail at the Mövenpick Royal Palm Hotel, Dar es Salaam as part of its Public Relations activities. This function enabled heads of TBA member banks to network with their regulators and stakeholders. The event was graced by the Deputy Minister for Finance and Economic Affairs Hon. Omar Yussuf Mzee.

About 90 guests attended the event. They included: Government officials, Governor, Deputy Governors and Directors of the Bank of Tanzania, IMF representative, Chairpersons and Managing Directors of the member banks, members of the Tanzania Private Sector Foundation  and members of Press.

We thank all stakeholders who responded to our invitation.

Read Deputy Minister's Speech

Read Welcome address by the TBA Chairman

Read Vote of thanks by the TBA Vice Chairman

Cocktail photo gallery

 

Ben Christiaanse Elected the New Chairman of the Tanzania Bankers Association (TBA)

Mr Christiaanse succeeds Mayank Malik of Citibank, who completed his tour to Tanzania a few months ago.

According to a statement by the TBA Secretariat, Mr Christiaanse, who is the Chief Executive Officer of the National Microfinance Bank, will chair the Association for a period of two years.
The Association, comprising 30 banks and financial institutions licensed by the Bank of Tanzania to engage in banking business in Tanzania, held its 11th Annual General Meeting (AGM) at the MövenPick Royal Palm Hotel in Dar es Salaam early December 2007.
Mr Christiaanse has more than 35 years of banking experience which he will bring to the Association.

The statement also published that Mr Charles Singili, the Managing Director of Azania Bank, was re-elected Vice-Chairman for another term of two years, and Mr Iddi Msonga, Financial Controller of Citibank also retained his position as Honorary Treasurer.

Mr Christiaanse expressed his gratitude to all members of the AGM for having shown trust in him and promised to work hand in glove with all stakeholders, particularly the regulators, to achieve the Association's objectives.

The National Bank of Commerce, CRDB, Standard Chartered, Citibank, FBME, African Banking Corporation, Bank of Baroda and KCB were elected as Executive Committee members.

The Executive Committee is one of the four principal organs responsible for supervising the activities of the Association on behalf of the members.

The AGM has also approved the Association's Activity Plan and the Income and Expenditure Budget for the year 2008, and has reappointed KPMG as the Association's auditors.

TBA bid farewell to Mayank Malik

A few days after the superb dinner with the President; TBA had to bid farewell to Mr. Mayank Malik, former TBA Chairman and CEO of Citibank Tanzania who was transferred to Bahrain.

Speaking during the cocktail organized by TBA to bid him farewell, Mayank Malik urged bankers to develop a closer working relationship with the Government in order to reach their targets set for this year as such relationship would enable both the Government and the banks to move their issues faster since they depend on each other in one way or another.

"All the notable successes we have achieved todate is a result of the good working relationship between TBA and the Government especially the Bank of Tanzania which has been providing requisite support, said Malik.

Mayank was elected TBA Chairman in December 2003. TBA Secretariat on behalf of all members thanked Mayank for his valuable contribution during his tenure and wished him all the best in his new post.

Visit Cocktail photo gallery

TBA held Dinner in Honour of H. E. Jakaya M. Kikwete

Recently, the Tanzania Bankers Association organized a successful dinner of its kind, an event which was graced by The President of The United Republic of Tanzania H. E. Jakaya Mrisho Kikwete.

The event which was held at the Kilimanjaro Kempinski Hotel, Dar es Salaam was well attended with almost 200 guests including Government Officials, Representative from the World Bank and IMF, Ambassadors, the Banking community and the Business community.

Mayank Malik, former TBA Chairman enlighten the President on the banking sector activities under the umbrella of TBA and the initiatives taken to speed up the growth of the Economy in Tanzania as a group or as individual banks; though there are obstacles that needs Government’s intervention.

The President thanked the financial sector for their contribution in speeding up the economy growth in the Country. However, a number of challenges to the banking sector were raised in his address that needs to be put into action.

Read President’s address

Read TBA Chairman’s address

Read Vote of thanks from the Vice-Chairman of TBA

Visit Dinner photo gallery

UmojaSwitch Consortium Signs a contract of Funds Transfer Agreement with Business Connexion.

The UmojaSwitch, a Consortium of six banks namely Azania, Akiba, Eurafrican,   Dar Es Salaam community, Twiga Bancorp and Tanzania            Investment Bank, on 13th December 2006, signed a contract for Fund Transfer Agreement with Business Connexion to set into motion the shared card payment switching infrastructure in Tanzania.

The event which was held recently at the Kilimanjaro Kempinski Hotel, Dar es Salaam was graced by the Deputy Minister for Finance Hon. Abdisalaam Issa Khatibu(MP) who commended the UmojaSwitch members for pioneering the start of the first switching infrastructure in the country of its magnitude in terms of the number of participating banks, the number of ATMs to be installed over a span of five years and the envisaged outreach of the infrastructure.

 

Read the Deputy Minister's speech

Read the UmojaSwitch Chairman's speech

Picture gallery of the signing ceremony

10th Annual General Meeting

The Tanzania Bankers Association (TBA) on 5th December 2006 held its 10th Annual General Meeting at the Kilimanjaro Kempinski Hotel,              Dar es Salaam. The Association’s membership has grown from 7 founding    members in 1995 to 27 members todate.

Closing the Association’s 10th Annual General Meeting, the Chairman, Mr. Mayank Malik thanked all members for their full involvement in the affairs of the Association in the previous years and expressed hope that this positive trend would continue in the coming years for the benefit of the entire banking industry. 

       Visit TBA photos at the 10th Annual General Meeting.

 

TBA Public Lecture Held on 20th April 2006. Theme: "The Role of Courts in Supporting Financial Sector Reforms in Tanzania"

Tanzania Bankers Association (TBA) in line with the Association's Public Relations Activity plan, held its first and successful Public Lecture event on 20th April 2006 at the Kilimanjaro Kempinski Hotel, Dar es Salaam whereby Justice Dr. S. J. Bwana, Judge Incharge, High Court of Tanzania, Commercial Division, presented a paper on “The Role of Courts in Supporting  Financial Sector Reforms in Tanzania”.

The event was graced by the Deputy Minister for Finance, Hon.  Abdisalaam I. Khatib. A total of 110 participants from Government, the Financial Sector, Representatives from IMF and World Bank and the Business Community attended.

The new confederacy of minds between bankers and lawyers has expressed concern that excessive litigation and delays occasioned by courts are a stumbling block impinging on the existence of a healthy banking industry in Tanzania. The Chairman of the Tanzania Bankers Association (TBA), Mr. Mayank Malik told a public lecture in Dar es Salaam that courts had their share of blame when it came to dealing with loan defaulters. ‘Injunctions, for example have made banks incur unnecessary expenses in addition to loss of income and disrupted cash flows due to delayed payments’, said.

Address by the Guest of Honour, Hon. Abdisalaam I. Khatib

Paper Presented by Dr. Steven J. Bwana

Mayank Malik Re-elected as Chairman of the Tanzania Bankers Association (TBA)

The Tanzania Bankers Association (TBA) elected its office bearers at the 9th Annual General meeting of the Association held on December 7th, 2005. The members unanimously re-elected Mr. Mayank Malik, Managing Director & CEO of Citibank Tanzania Limited as the  Chairman and Mr. Charles Singili, CEO of Azania Bancorp Limited as the Vice Chairman of the Association for the period 2006 - 2007. Mr. Iddi Msonga was elected as the Honorary Treasurer for this period and Mr. Pascal Kamuzora continues in his full time capacity as the Executive Director of the TBA.

The Tanzania Bankers Association (TBA) is the official industry association of all banks and financial institutions, local and foreign, licensed to carry out banking and financial services business in Tanzania. The Association currently has 27 members.

The Association, founded in 1995 and registered under the Societies Ordinance Cap. 337 of 1954, has as its objects, facilitation of matters affecting the provision of all banking services in the country, developing and maintaining a code of ethics, rules and regulations governing members in banking transactions/dealings with customers and amongst themselves, ensuring members conduct their business in accordance with governing laws, ethics and internationally accepted standards, promoting training of staff and working closely with the Bank of Tanzania as well as the Government in the promotion of the banking sector as an integral part of the economic development of the country.

Fighting Frauds and Forgeries

As part of strategies to fight bank frauds and forgeries, TBA in collaboration with Barclays Bank Tanzania held a half day workshop on preventing and detecting bank frauds and forgeries. This workshop, which was facilitated by security and investigation experts from Barclays South Africa Ms. Gill Smith and Mr. Derick de Beer, was attended by 25 participants from member banks and officials from the Bank of Tanzania.

The main emphasis was on ‘proper communication and the need for banks to work together as a team to combat fraud’. Banks were advised to develop a fraud prevention strategy which should encompass; code of conduct, fraud prevention policy, as well as developing a well articulated fraud response plan. Banks were further advised to adopt a “Zero fraud tolerance policy” as evidence of commitment to fight against frauds.

TBA Vice Chairman and CEO of Azania Bancorp Limited, Mr. Charles G. Singili officiated the workshop. Below are his opening remarks:

TBA Vice Chairman’s Opening remarks.

TBA Conference held on 08th March 2005: Theme:"The Role of Banks in Facilitating Economic growth in Tanzania"

The Tanzania Bankers Association held its first and successful Conference on 8th March 2005 at the Golden Tulip  Dar es Salaam. This Conference was opened by The Minister for Finance Hon. Basil P. Mramba who challenged banks to increase their lending to various sectors of the economy including informal sector.

The Conference was attended by representatives from the Government, Financial Sector, Business Sector, Private Sector, NGOs and Law firms.

The following five papers were presented and discussed at the Conference:

  • An Overview of Banks’ Pricing Mechanism on Deposits and Loans.

  • The Role of Courts in Facilitating Loan Recovery: Tanzania Experience.

  • The Land Reform in Tanzania: Opportunities for Agricultural and Mortgage Finance.

  • Microfinance in Tanzania: Practical Experience; and

  • Private Sector Perspective on the Role of Banks in Tanzania.

For more information, please follow the links:

Read Finance Minister's Statement

Read TBA Chairman's Speech

An Overview of Banks’ Pricing Mechanism on Deposits and Loans.

The Role of Courts in Facilitating Loan Recovery.

The Land Reform in Tanzania: Opportunities for Agricultural and Mortgage Finance.

Microfinance in Tanzania: Practical Experience

Visit TBA Conference picture gallery


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