The People's Bank of Zanzibar Limited (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% of the market share formed of the cosmopolitan population of over 1.0 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.
BRANCH NETWORK
As of November 2014, PBZ maintains branches at the following locations:
- Malindi Branch - Near Ministry of Agriculture, Zanzibar Main Branch
- Chake Chake Branch - Chake-Chake, Pemba
- Forodhani Branch - Forodhani Park, Zanzibar
- Mwanakwerekwe Branch - Mwanakwerekwe, Zanzibar
- Mkoani Branch - Zanzibar Port Authority Building, Zanzibar
- Wete Branch - Ground Floor, Zanzibar Electricity Corporation Building, Zanzibar
- Mlandege Branch - Muzammil Building, Mlandege
- Kariakoo Branch - Opposite Kariakoo Main Market, Zanzibar
- Dar es Salaam Branch I - Mbagala, Dar es Salaam[5]
- Dar es Salaam Branch II - Dar es Salaam (In development)
- Mwanza Branch - Mwanza (In development)
- Arusha Branch - Arusha (In development)
- Mtwara Branch - Mtwara (In development))[6]
- Mbeya Branch - Mbeya (In development)
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