parastatal industry finance founded 1970 headquarters dar es salaam tanzania key people peter noni managing director products loans equity partnerships management services export import finance total assets us 62 million 2010 owner government of tanzania website homepage tib development bank formerly known as tanzania investment bank tib is a government owned development bank in tanzania . the bank is the first development finance institution established by the government of tanzania . the activities of tib are supervised by the bank of tanzania the central bank and national banking regulator . tib is registered as a registered financial institution . 1 contents 1 history 2 development financial institution 3 tanzania investment bank group 4 branches 5 see also 6 references 7 external links history edit the bank was established by act of parliament in 1970 . at that time the main objective of tib was to provide medium and long term loans to investors in commercial agriculture manufacturing processing construction transport tourism and mining sectors . however due to economic hardships including a war with idi amin of neighboring uganda and foreign currency exchange fluctuations within the tanzanian economy the bank became unable to service its financial obligations . to mitigate financial losses tib resorted to making short term loans and to function like a commercial bank . the period between 1980 until 2003 was particularly hard on the bank . 2 3 development financial institution edit over time the tanzanian government the sole shareholder in tib re capitalized the bank re vamped its strategic development plans and re structured its management . 4 as of december 2010 update tib had a total asset base in excess of us 62 million tzs 93 billion . the government intends to raise that figure to us 265 million tzs 400billion in the next several years . 5 the bank has a significant portion of its portfolio in the tanzanian agricultural sector . 6 tanzania investment bank group edit following the restructuring of tanzania investment bank three distinct but related institutions were formed . the three institutions together form the tanzania investment bank group or tib group 7 tib development bank limited a development finance institution dfi tib corporate finance limited a short term financing institution serving large corporate clients both public and private in support of the functions of the dfi . tib rasilimali limited a registered brokerage company wholly owned by the government of tanzania that purchases and sells corporate bonds on the dar es salaam stock exchange . rasilimali also offers investment advice to the tanzanian government in support of the dfi . branches edit the bank maintains branches at the following locations 8 dar es salaam branch building 3 mlimani city office park sam nujoma road dar es salaam mwanza branch 3rd floor ppf plaza building mwanza arusha branch central plaza building sokoine road arusha mbeya branch 28 jakaranda street mbeya dodoma branch dodoma zanzibar branch zanzibar see also edit africa banks tanzania banks bank of tanzania tanzania economy dfi references edit bot . directory of financial institutions operating in tanzania . bank of tanzania bot . retrieved 21 november 2014 . daily news reporter . 29 november 2010 . tanzania tib transformation to add more value on kilimo kwanza concept . tanzania daily news dar es salaam via allafrica.com . retrieved 21 november 2014 . tibdb . 2012 . tib development bank history proud past promising future . tanzania investment bank tibdb . retrieved 21 november 2014 . tirabassi eric 24 april 2006 . tanzania investment bank interview . tanzaniainvest.com . retrieved 21 november 2014 . kamndaya samuel 1 december 2010 . tanzania tib eyes over tsh5 billion profit . the citizen tanzania dar es salaam . retrieved 21 november 2014 . tanzania invest . 4 december 2009 . tanzania investment bank gives farmers credit . tanzaniainvest.com . retrieved 21 november 2014 . tibg . tib group your partner for progress . tanzania investment bank group tibg . retrieved 22 november 2014 . the citizen reporter . 7 july 2010 . tanzania investment bank to open branches countywide . the citizen tanzania dar es salaam via allafrica.com . retrieved 21 november 2014 . external links edit website of bank of tanzania website of tib development bank 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 tib development bank & oldid 725711630 categories banks of tanzaniacompanies of tanzaniabanks established in 1970companies established in 1970dar es salaam1970 establishments in tanzaniahidden categories articles containing potentially dated statements from december 2010all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 17 june 2016 at 11 06 . text is available 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