1. THE PEOPLE’S BANK OF ZANZIBAR LTD

2. OUR VISION
“… to be a leading provider of innovative and high quality financial services to our retail and corporate customers in Tanzania and beyond”

3. OUR MISSION
“…. to provide banking solution to our retail and corporate customers. PBZ will do so by providing innovative and high quality products and services at competitive and affordable cost through its network in Tanzania and beyond”

4. BRIEF HISTORY One of the oldest banks in Tanzania
The only bank maintaining ownership status and original name
Established in 1966 as a quasi central bank for Zanzibar government
Became fully fledged commercial bank in 2001
It has both propositions – Islamic and Conventional

5. BRANCH NETWORK Branch network covering all Zanzibar
14 operating branches and five service centers
4 operating branches on the Mainland
2 more branches to be opened (Mtwara)

6. Alternative delivery channels
ATM network connected Umoja Switch
Internet banking
Mobile banking
Account statements
SMS alerts
Utility payments
Mobile top up
Transfer - account to account, account to wallet, wallet to account
Agency banking (preparations underway)
MasterCard (underway)

7. ISLAMIC BANKING Why Islamic banking
Tanzania’s population is about 44.3 million (2012 Census)
Only about 25% have access to financial services especially banking
Until 2008 the only banking system prevailing was conventional
Many did not bank because of their religious faith
They took risk of keeping money’s at home

8. Islamic Banking operations
Operations started in 2011
Five operating branches
One more branch to be opened soon
Two service centers in Pemba
All branches are connected to Umoja Switch ATM network

9. Products offered under Islamic Banking
Fund mobilization
Al Wadiah Savings accounts
Al Mudharaba Savings account
Qardh (Current account)
Al Mudharaba General Investment account (equivalent to Time deposit in the conventional environment)

10. Products offered under Islamic Banking cont’d
Fund utilization
Murabaha financing (cost plus)
Bai Muajjal financing
Working capital Murabaha
Ijara financing (lease purchase)
Education financing
House rent financing
Mortgage financing
Salam sale contracts
Istisna’ contracts

11. Services offered at Islamic Banking
Treasury products
Sell/Purchase of foreign currencies (all major currencies)
Money Transfer Services (worldwide)
SWIFT
TISS (local)
Western Union
WorldRemit
Xpress Money (in progress)

12. Services offered at Islamic Banking cont’d
Trade Finance products
Letters of credits
Bank Guarantees
Bid Bond
Performance Bond
Advance Performance Bonds
Retention Guarantee
Custom Bonds
Documents for collection

13. Performance in numbers (TZS billions)
Item
2011
2012
2013
2014
2015
Number of accounts
8,477
12,927
33,633
47,476
57,529
Deposit
5.101
20.380
44.700
79.36
111.94
Financing
0.152
6.221
13.890
36.52
70.69

14. Unique attributes of PBZ Islamic Banking?
Fast growing bank
Quality assets (NPL below industry average at 1.55%)
Innovative products – going live with technology
Services tailored to suit customers’ needs
Immediate account opening

15. THANK YOU