The Latest

UBL Bank Opens in Tanzania

September 5, 2013
1 minute read

United Bank Limited (UBL) from Pakistan opened its first African branch in Dar es Salaam on September 4th, 2013.

UBL has more than 1,220 branches in Pakistan, as well as 17 branches in the United States and throughout the Arab Peninsula.

The launching ceremony was attended by Hon Vice President Dr. Mohamed Gharid Bilal who urged the bank to make use of new technologies that widens the reach of mortgage financing for Tanzanians.

In Pakistan, UBL introduced in 650+ Omni Branchless Banking points which revolutionized the traditional banking model by offering basic services throughout urban and rural areas, well beyond the regular branch networks.

Members of the local Pakistani business community also attended the event.

UBL Director, Mr. Zameer Choudrey commented that the bank decided to open its first branch in Tanzania due to the impressive financial policies and business opportunities that are present.

He further noted that Tanzania’s proximity to East Africa’s land-locked countries and substantial business partnerships with Asian nations made it a desirable place to launch.

Tweet
Share
Share
Share
Related Posts
Tanzania Rwanda TIPS RSwitch cross-border instant payments
Read More

Tanzania and Rwanda Begin Linking National Payment Systems to Enable Instant Cross-Border Transfers

Tanzania and Rwanda have begun linking their national payment systems, Tanzania’s Instant Payment System (TIPS) and Rwanda’s National Payment Switch (RSwitch), to enable instant, low-cost cross-border transfers. The initiative, supported by the EAC and World Bank through the Eastern Africa Regional Digital Integration Project (EARDIP), advances regional financial integration and real-time payment connectivity in East Africa.
Tanzania CRDB Bank FinDev Canada KFW DEG
Read More

CRDB Bank Signs Over TZS 300 Billion Strategic Partnerships With International Financial Institutions to Expand Lending to SMEs

CRDB Bank has signed over TZS 300 billion in partnerships with FinDev Canada, DEG, and Shelter Afrique Development Bank to expand lending to small and medium enterprises, particularly those led by women and focused on climate-resilient projects. The partnerships also include financing through CRDB’s subsidiary in the Democratic Republic of Congo to support affordable housing, advancing financial inclusion and sustainable development across Africa.