|Type||100% Government Owned|
|Founded||30th June, 1966|
|Headquarters||ZIC Building, Mpirani, Zanzibar, Tanzania|
Dr. Muhsin Salim
|Products||Loans, savings, checking, investments, debit cards, credit cards, mortgages, Islamic Financing|
|Revenue||TZS 82,906,799,921/- (Dec 2020)|
|TZS 18,350,163,377/- (Dec 2020)|
|TZS 752,829,295,205/- (Dec 2020)|
Number of employees
|501 (Dec 2020)|
As of June 2014, PBZ was a medium-sized financial institution, with total assets of approximately TZS:321.35 billion. At that time, the bank's shareholders' equity was about TZS:29.6 billion. The bank employed 236 full-time staff as of 30 June 2014.
The bank was founded in 1966 by the government of Zanzibar. It functions as a retail bank, serving individuals, small and medium enterprises (SMEs), and large corporate clients. Initially, its service area was limited to the islands of Zanzibar and Pemba.
In December 2011, the bank launched an Islamic bank window, in addition to the conventional banking services that it offers.
PBZ is wholly owned by the government of Zanzibar.
As of November 2014, The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations: