Who We Are!
The People’s Bank of Zanzibar Limited (PBZ) as Government owned commercial bank offering both Islamic and Conventional Banking Services, was established on June 30, 1966 and incorporated under Cap. 153 of the Zanzibar Companies Decree which has been repealed and replaced by Companies Act No.15 of 2013. The bank has one subsidiary which is MuCoBa Bank Plc owned by 75%.
MuCoBa Bank Plc was incorporated in Tanzania under the Companies Act, No 12 of 2002 as public limited in June 1999. Due to expansion of its operational area the name was changed from Mufindi Community Bank to MuCoBa Bank Public Limited Company from May 29, 2014. The bank was listed in Dar es salaam Stock Exchange (DSE) on June 8, 2016.
Convetional Banking
PBZ offers traditional Banking products such as current accounts, time deposit and saving account. We also provide modern banking services as Mobile and Internet banking. The Bank offers commercial loans in the form of overdraft, term loan and personal loans. PBZ services have been extended to online, where services are available on internet and Mobile.
Islamic Banking
The People’s Bank of Zanzibar Ltd established Islamic banking services in 2011 to add a new package to its service offering to the public. The bank started the proposition by offering deposit products and towards the end of the year it started offering financing facilities in the form of Bai Murabahah and Bai Muajjal to commercial and individual customers.
55
Years of Service
23
Branches & Service Centers
251
Umoja Switch ATMs
85
PBZ Service Agents
Mobile Banking
PBZ Mobile and Mobile App is designed to make your Bank easily availble to you 24.7.365.
Available on Both Android and iOS Mobile Platforms
Letter of Credits
We provide an irrevocable commitment to pay the seller/ exporter of goods and services sum certain in money, within prescribed period of the credit.
PBZ Visa Card
Withdraw at any ATM around the world, do more online transations with the most affordable card yet.
Do not leave your house without it
PBZ Wakala
You can Withdraw or Deposit Cash, Pay Bills, Pay Contol Numbers wherever you are in Tanzania.
We have extended our services closer to you
Guarantees
As we provide all kinds of Finance or loan, Shipping – guarantee
advance or progress payment, Performance, Bid or tender, Warranty – bonds
