TPB Managing Director, Sabasaba Moshingi said new branches will be opened at Mto wa Mbu and Kwa Mrombo in Arusha while in Mbeya a branch will be opened at Mwanjerwa.
He told The Banker that the new branches in those areas will bring quality banking services closer to the people in those localities. Hitherto TPB has 30 fully-fledged branches and another 30 mini branches countrywide including in Unguja and Pemba.
“TPB was established to improve the economic well-being and quality of life of every Tanzanian by actively promoting savings, access to credit and the practice of sound financial management while creating value for our stakeholders,” he said.
“We have decided to open new branches after establishing that a majority of customers and traders conducting business in those areas encounter inconveniences when they need to deposit money after transactions. They thus spend more hours looking for financial services from TPB,” he added.
The bank has also established that its clientele in those regions has been increasing over the years noting that operations in those regions will focus on customer needs.
“The market we serve determines our choice of products and services and the way we deliver them,” the TPB CEO stressed while noting that people in those regions will benefit from its banking services and improve their livelihoods.
“This is in line with our strategy to increase our presence and coverage within Tanzania and to be the preferred bank in our chosen market, serve our customers with efficiency and courtesy, promote growth and stability of the economies in which we operate by providing what customers need,” he added.
Tanzania Postal Bank was established by the Tanzania Postal Bank Act No.11 of 1991 as amended by Act No.11 of 1992.
The bank became operational as a separate entity from the then Tanzania Posts and Telecommunications Corporation (TP&TC) from March 1, 1992 with its own board of directors and management.
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