The
bank profit was pushed up mainly by net interest income that increased to
26.99bn/- in 2016 from 20.88bn/- in 2015. Noninterest income increased slightly
to 18.73bn/- from 16.19bn/-. The bank assets have grown to 503.67bn/- in 2016 a
trajectory seen in the last four year.
The
assets on average grew by 100bn/- yearly. The PBZ is one among the oldest
commercial banks in Tanzania. It is fully owned by the Government of Zanzibar.
PBZ is the only bank in Tanzania with its head office in Zanzibar.
It
dominates the Zanzibar market with about 50 per cent of the market share formed
of the cosmopolitan population of over 1 million people. Zanzibar enjoys
leading tourist investments from various countries.
The
Bank does both retail and corporate banking with equipped modern systems that
facilitate banking business locally and overseas efficiently.
PBZ
offers a wide range of current accounts designed to suit almost every customer
including the government and its agencies, all types of companies, societies,
clubs, associations, NGOs, United Nation boards, Diplomatic Missions as well as
individuals.
It
also offers current accounts in both local currency and in foreign currencies.
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