services founded 2007 headquarters dar es salaam tanzania key people nimrod mkono chairman sanjeev kumar chief executive officer products loans checking savings investments debit cards revenue pretax us 8.04 million tzs 12.66 billion 2012 1 total assets us 414.72 million tzs 889.11 billion march 2016 2 number of employees 213 2012 website homepage bank m is a commercial bank in tanzania . it is licensed by the bank of tanzania the country s central bank and national banking regulator to engage in commercial banking . 3 contents 1 overview 2 history 3 ownership 4 branch network 5 governance 6 see also 7 references 8 external links overview edit the bank is a medium sized financial services provider in tanzania . it provides financial services to individuals small to medium enterprises and large corporations . as of june 2013 update the bank s total asset base was valued at about us 336.2 million tzs 532 billion . 4 5 history edit the bank received its commercial banking license from the bank of tanzania in february 2007 and opened for business in july of the same year . its authorized capital is approximately us 17 million tanzania shillings 25 billion of which us 6.3 million tzs 9.3 billion had been paid up as of october 2010 . 6 ownership edit the bank s stock is privately owned by the following individuals and corporate entities 7 bank m stock ownership rank name of owner percentage ownership 1 sanjeev 10.53 2 bhaskar nair 7.09 3 sean patrick breslin 11.63 4 vimal mehta 16.03 5 shilpa mehta 3.40 6 pride tanzania limited 3.46 7 africarriers limited 11.00 8 equity & allied limited 12.17 9 noble azania investments limited 7.30 10 shiva sanjeev kumar 1.42 11 gissings directors pension scheme 2.47 12 ramesh patel 3.26 13 caitrin breslin 0.90 14 simon & roisin gregory 4.45 15 sumaria properties limited 4.87 total 100.00 note totals may be slightly off due to rounding . branch network edit as of november 2014 update bank m maintains branches in the following locations with a view to expand to other areas of tanzania 8 main branch 8 ocean road dar es salaam nyerere road branch 27 28 nyerere road dar es salaam kisutu street branch 29 kisutu street dar es salaam uhuru street branch 27 uhuru street dar es salaam arusha branch 29 east joel maeda road arusha mwanza branch 62w capri point mwanza governance edit the chairman of the board of directors is nimrod nkono a non executive director . sanjeev kumar a shareholder in the bank is the chief executive officer of bank m. see also edit list of banks in tanzania bank of tanzania economy of tanzania oriental commercial bank references edit daily times reporter 10 january 2013 . bank m operating profit up 41 per cent . tanzania daily news dar es salaam . retrieved 8 november 2014 . the citizen reporter 13 april 2016 . tanzania bank m s profit up 20 percent on improved interest income . the citizen tanzania tct via allafrica.com . dar es salaam . retrieved 18 april 2016 . directory of commercial banks operating in tanzania . bank of tanzania bot . 8 november 2014 . retrieved 8 november 2014 . mwamunyange joseph 3 august 2013 . bank m joins tanzania s top 10 banks . the eastafrican nairobi . retrieved 8 november 2014 . daily news reporter 29 july 2013 . bank m assets expand hit half trillion . tanzania daily news dar es salaam . retrieved 8 november 2014 . elinaza abduel 7 october 2010 . tanzania bank m posts tsh1 .48 billion quarterly profit . tanzania daily news dar es salaam via allafrica.com . retrieved 8 november 2014 . shareholder profile of bank m tanzania . bank m tanzania bmt . 2014 . retrieved 8 november 2014 . the branches of bank m tanzania . bank m tanzania bmt . 2014 . retrieved 8 november 2014 . external links edit website of bank m website of bank of tanzania members of tanzania bankers association including addresses v t e banks of tanzania big four banks crdb bank exim bank national bank of commerce nbc national microfinance bank nmb commercial banks accessbank advans bank akiba commercial bank amana bank azania bank bank m bank of baroda barclays bank tanzania commercial bank of africa dar es salaam community bank diamond trust bank ecobank equity bank first national bank tanzania fbme bank habib african bank i & m bank icb bank kenya commercial bank mkombozi commercial bank nic bank people s bank of zanzibar major foreign banks bancabc bank of africa citibank bank of india stanbic bank standard chartered united bank for africa united bank limited financial institutions maendeleo bank tanzania postal bank tanzania women s bank limited development bank tanzania agricultural development bank tanzania investment bank central bank of tanzania v t e economy of tanzania currency tanzanian shilling bank of tanzania history ujamaa zanzibar economy poverty industry and business agriculture coffee cashew sisal mining companies tourism government agencies tanzania portal chamber of commerce tanzania ports authority taxation transport and infrastructure airports roads rail tazara railway dart julius nyerere international airport communications ttcl vodacom tigo airtel halotel sasatel seacom eassy finance and banking dar es salaam stock exchange dse banking microfinance telecommunications economic blocks east african community southern african development community energy tanesco power plants petroleum development tanzania atomic energy commission future east african railway master plan mtwara development corridor retrieved from https en.wikipedia.org w index.php title bank m & oldid 724276403 categories banks of tanzaniacompanies of tanzaniaeconomy of dar es salaamcompanies established in 20072007 establishments in tanzaniahidden categories articles containing potentially dated statements from june 2013all articles containing potentially dated statementsarticles containing potentially dated statements from november 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants 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