16 May 2018

Tanzania: Bank of Tanzania Confirms Merging of Two State Owned Banks

Dar es Salaam — Bank of Tanzania (BoT) has officially announced the merging of Tanzania Postal Bank and Twiga Bankcorp.

The BoT Deputy Governor, Dr Bernard Kibesse said in Dar es Salaam on Wednesday, May 16, 2018, that the two entities will officially merge starting tomorrow (Thursday).

The new bank will be known as TPB Bank PLc.

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