NIC Bank Tanzania

NIC Bank Tanzania started as a non-bank financial institution in 1994. In 2004, following the issuance of a banking license by the Bank of Tanzania, the institution converted into a fully fledged commercial bank, under the SFCB name. In May 2009, NIC Bank, a large financial services provider based in Nairobi and traded on the Nairobi Stock Exchange, took a 51 percent shareholding position in SFCB. During 2010, the Tanzanian subsidiary successfully re-branded to NIC Bank Tanzania.

Commercial Bank of Africa was founded in 1962 in Dar es Salaam. Branches were soon opened in Nairobi and Mombasa, Kenya and in Kampala, Uganda. When Tanzania nationalized private banks in 1967, the bank moved its headquarters to Nairobi. Following political changes in Uganda in 1971, the bank sold its assets in that country. In July 2005, the Commercial Bank of Africa (CBA) acquired majority shareholding in First American Bank of Kenya, which at the time had a Tanzanian subsidiary called United Bank of Africa.

Location

The headquarters of the bank are located on the 1st, 2nd and 10th Floor, at Amani Place Building, along Ohio Street, in the central business district of Dar es Salaam, Tanzania's financial capital. The geographical coordinates of the bank's headquarters are:06°48'41.5"S, 39°17'15.0"E (Latitude:-6.811528; Longitude:39.287500).

Branch network

As of March 2023, the bank maintained branches at the following locations:

Amani Place Branch: Ohio Street, Dar es Salaam

Kijitonyama Branch: TTCL Building, Bagamoyo Road, Dar es Salaam