Maendeleo Bank Company Description

Maendeleo Bank PLC provides banking products and services in Tanzania.

The company offers accounts, such as achievers for students, salary, Ahadi, Wekeza, executive saving, fixed deposit, business current, flexi fixed, and community accounts.

It also provides loan products, including executive loan for senior executives, managers, head of departments, directors, chiefs, and high net worth individuals; agribusiness loan; Jamii loan for projects by religious institutions; poultry financing; house microfinance loan; small group loans; MSME loan for small and medium enterprises; savings and co-operative credit societies loan; salary loans; renewable energy loan; and sepa na bajaji loan, which includes insurance.

In addition, the company offers agency, mobile, and internet banking, as well as other ICT-driven solutions.

Maendeleo Bank PLC was incorporated in 2011 and is headquartered in Dar es Salaam, Tanzania.

Maendeleo Bank PLC

Country	Tanzania
Founded	2011
Industry	Commercial Banks
Employees	125
CEO	Lomnyaki Saitabau

Contact Details

Address: Luther House Dar es Salaam Tanzania
Phone	255 80 075 0089
Website	maendeleobank.co.tz

Stock Details

Ticker Symbol	MBP
Exchange	Tanzania Stock Exchange
Fiscal Year	January - December
Reporting Currency	TZS
SIC Code	6020

Key Executives

Name	Position
Lomnyaki Saitabau	Chief Executive Officer
Nolasco Charles	Chief Financial Officer
George Wandwalo	Chief Operating Officer