Tanzania: TIB to Transform Operating Structure

Arusha — THE Tanzania Investment Bank (TIB) is planning to transform its structure by having subsidiary banks that will work under the holding company. Under this new structure, the bank will have TIB Development Finance Institution (TIB DFI) and TIB Corporate Bank (TIB CB).

According to TIB Managing Director Peter Noni, the two banks will be operating under the same roof, but cooperating closely, although each institution will be managed differently.

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