FINANCIAL REPORTS
31 Dec 2010
31 Dec 2011
Report Three
Report One


INTEREST RATES
Available Rates

 WHO WE ARE
Tanzania Investment Bank (TIB) was established in 1970 as a development finance institution (DFI). After operating as a DFI for about 25 years, TIB was transformed into an investment cum development bank in order to enhance its capacity to mee

 

Tanzania Investment Bank Limited provides a comprehensive range of deposit services, in both Tanzania shillings and foreign currencies, at competitive rates of interest.
Foreign currency deposit services are available in United States of America Dollars, British Pounds and Euros.

INSTANT CALL ACCOUNT

Instant Call Account is designed with flexibility in mind and provides instant access by means of signed withdrawal instructions delivered to the branch. The minimum opening balance requirement for corporates is TZS 500,000.00 or USD 500.00 or the equivalent in other currencies, while it is TZS 20,000 or USD 100 for individuals.

SAVINGS ACCOUNT

Savings Account is designed to encourage people to save; hence the account earns interest and daily withdrawals are limited up to TZS 2.00 million. Any withdrawal above that may be effected with 24 hours written notice. This is an interest bearing account calculated on daily basis and credited bi – annually at the end of May and November. The minimum balance requirement is TZS 20,000.00 or USD 100.00 or the equivalent in other currencies. Competitive interest rates are offered and vary from time to time. TIB rates are among the highest in the market.

FIXED DEPOSIT

Fixed Deposit Account is an account opened with the bank for a fixed period with interest paid on maturity. The interest rate is variable according to the size and tenure of the deposit. The minimum opening amount requirement is TZS 500,000.00 or USD 500.00 or the equivalent in other currencies.

NOTICE ACCOUNT

Notice Account is an account on which the bank accepts money on deposit, which may be withdrawn at 24 hours notice. The account is similar to Savings Account except that interest is paid only on balances above TZS 10.00 million or equivalent to USD 10,000.00. Interest rate payable is negotiable for amounts above TZS.50.0 million and forex equivalent to USD 50,000.00. For balances below TZS 10.00 million or equivalent to USD 10,000.00 the applicable rates are the prevailing savings account rates. Capitalization frequency for credit interest is half yearly (May and November) or on liquidation date.

For further information and current applicable rates, please contact Mrs. C.K.Kazinja, Manager Branch Banking, Tanzania Investment Bank Limited,
P.O. Box 9373, Dar es Salaam
Tel: 255 22 2128071: Fax +255 22 2128073
E-mail deposit@tib.co.tz or visit our web site at www.tib.co.tz.

Or visit us at the junction of Zanaki Street and Samora Avenue
FOREX RATES AS OF 20.05.2013
Currency Buying Selling
EUR21142182
GBP24232513
USD16131654
KSH17.2219.58
ZAR178.85187.99
Updated by: eekaguo
 Click here to view full list of exchange rates

NOTICE TO CLIENTS

RE: UPDATING OF CLIENTS’ PARTICULARS

Pursuant to Bank of Tanzania (BOT) directive and as required by the Anti-Money Laundering Act, 2006 and regulations made thereafter, all banks clients are required to update their particulars with the bank. The referenced particulars should include, inter alia:
  • Clients’ name, for individual clients
  • Company name, for Limited Liability Companies, Partnerships, Club/Society/Associations and Sole Proprietors.
  • Telephone number(s), (landline and/or mobile numbers)
  • Postal Address.
  • Physical Address, including any permanent physical features that can locate your residence/office.
  • Email address.

To comply with the above requirement, we have prepared special forms that can be picked from our Customer Service counters or download it here for completion.
Since this is a mandatory requirement, we kindly urge all clients to adhere to the order and come forward to pick, complete and return the forms by 10th March 2012. In the absence of such particulars, the bank may to take such actions as required by the regulator, including closing the account. We are looking forward for your usual cooperation to make this exercise a success and in case of any further details or clarifications, please feel free to contact any of the TIB Branch staff.
Management.
21st February 2012.