First National Bank of Tanzania

About First National Bank of Tanzania

First National Bank Tanzania Limited (FNBT) trades as an African Subsidiary within the FirstRand Group. FNBT was opened for business on 27 July 2011 and officially launched on the 02 February 2012 by His Excellency former President Jakaya Mrisho Kikwete. FNBT currently has a wide ATM network with a total of four branches whereby two branches are in Dar es Salaam, one in Mwanza and one in Arusha.

In addition to branches, the bank’s divisions include Retail, Commercial, and Corporate & Investment Banking. This enables the bank to penetrate in one of the most attractive market in East Africa with excellent economic growth and banking sector performance. The Bank continues to expand its representation to the areas with potential business opportunities and the roll-out of the footprints, products and services is on a phased approach and tailored to the needs of businesses and the citizens of Tanzania.

FNB can trace its origins back to the Eastern Province Bank, which was formed in Grahamstown, South Africa in 1838. By 1874, the bank had four 4 branches – Grahamstown, Middelburg, Cradock and Queenstown.

Due to a recession, the bank was bought out in 1874 by the Oriental Bank Corporation (OBC). However, as a result of financial diffculties being experienced in India, the OBC decided to withdraw from South Africa. The Bank of Africa was subsequently formed in 1879 to take over OBC’s business in South Africa.

During the same period, the government of the Republic of the Transvaal wanted to create a local commercial bank to deal with the fnancial demands created by the discovery of gold in Barberton and the Witwatersrand. The government thus created a bank with the task of focusing primarily on fnancial agricultural development through a concession agreement. The Nationale Bank der Zuid-Afrikaansche Republiek Beperk (National Bank of the South African Republic Limited) was registered in Pretoria in 1891 and opened its doors for business on 5 April of the same year. After the Anglo-Boer War in 1902, the name of this bank was changed to the National Bank of South Africa Limited.

Due to another recession, the Bank of Africa was bought out by the National Bank in 1912. Another bank, the National Bank of the Orange River Colony, had already been bought out by the same group in 1910. The Natal Bank, which was founded in 1854 to fund the Natal Colony’s sugar industry, also suffered fnancial diffculties and was added to the list of banks acquired by the National Bank, in 1914. The National Bank was now one of the strongest banks in South Africa

In 1925 the National Bank merged with the Anglo-Egyptian Bank and the Colonial Bank to form Barclays Bank (Dominion, Colonial and Overseas). In 1971 Barclays restructured its operation and its South African operation was renamed Barclays National Bank Limited.

As a result of a disinvestment campaign against South Africa due to its apartheid policies, Barclays was forced to reduce its shareholding and sold its remaining shareholding in the bank in 1986. The bank was renamed “First National Bank of Southern Africa Limited” in 1987 and became a wholly South African owned and controlled entity.

Banking as a whole was changing fast and specialised financial services divisions sprung up within the bank. A massive investment was made into computers and new technology.

In 1998 the financial services interests (which included their shareholding in First National Bank) of Rand Merchant Bank Holdings and Anglo-American Corporation was merged to form FirstRand Limited, which is listed on the JSE Securities Exchange. Consequently, First National Bank became a wholly owned subsidiary of FirstRand Limited and currently trades as a division of the group. First National Bank currently operates registered commercial banks in the following jurisdictions: South Africa, Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Tanzania and Ghana. The Namibia, Swaziland and Botswana businesses are listed on their respective stock exchanges.

Today, with branches throughout South Africa as well as in subsidiaries, FNB continues to offer a wide range of banking products, including Online Banking, Forex, home loans and day-to-day banking and other fnancial products.

First National Bank of Tanzania Location and Contact Information

Postal address

• 2nd Floor
• FNB House
• Ohio Street
• Dar Es Salaam, Tanzana
  

Physical address

• First National Bank Tanzania Limited
• P O Box 72290
• FNB House
• Dar Es Salaam, Tanzania

Vacancies and Internships at First National Bank of Tanzania – Nafasi za Kazi First National Bank of Tanzania

First National Bank of Tanzania Job vacancies are normally advertised through the Official First National Bank of Tanzania Tanzania career website page which can be accessed through this link- https://www.fnbtanzania.co.tz/careers/index.html

Find and apply for jobs advertised by First National Bank of Tanzania by browsing the links listed below:

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First National Bank of Tanzania useful links

• First National Bank of Tanzania website:https://www.fnbtanzania.co.tz/index.html
• First National Bank of Tanzania job vacancies – careers page: https://www.fnbtanzania.co.tz/careers/index.html