Azania Bank Limited is a Tanzanian commercial bank that offers banking products and services to individuals and businesses.
Azania Bank has 24 branches, 8 service centres, 30+ Bureau De Change outlets, and 500 agents (Wakala) centres.
This article covers the products and services offered by Azania Bank.
History of Azania Bank
Azania Bank was first established in 1995 as First Adili Bancorp. Its start-up capital was funded by Tanzanian citizens, the Tanzanian national pensions funds body, and international financial institutions.
Azania bank has since expanded its services to include retail and corporate banking, foreign exchange transactions, import/export financing, and other banking services.
Azania Bank acquired Bank M, a retail commercial bank facing liquidity problems, in 2019.
At the end of 2019, Azania Bank’s assets were valued at approximately TSh 1,148 billion (US$496 million).
Esther Mang’enya is Azania Bank’s current managing director.
Azania Bank’s products and services
Azania Bank offers personal and business banking products to its customers. They are split into the following categories:
Personal bank accounts
These are bank accounts and loan products suited for individuals. Azania Bank’s personal bank account products are:
This is an interest-earning account for individuals interested in saving for the future.
Azania savings accounts can be operated in TZS/USD/EURO/GBP. A minimum amount of TZS 15,000 ($6) is required to open the account.
This is a savings account used to save towards acquiring assets like land, house, vehicles, etc.
Dhamira accounts are opened for a minimum of 12 months and a minimum amount of TZS 100,000 or USD/EUR/GBP 100 is required to open the account.
This is an interest-earning savings account for kids or students.
A minimum amount of TZS 100,000 ($43) is required to open the account.
Diaspora account (Asili smart)
This is an interest-earning bank account for Tanzanians in the diaspora and it can also be operated as a joint account.
Asili smart accounts can be used to apply for Azania Bank loans and it can also be opened in TZS, USD,EURO or GBP.
A minimum amount of USD 100 is required to open the account.
You can open an Azania Bank account by visiting any Azania Bank branch near you.
These are loan options individuals can use for emergencies, to acquire assets, etc. Some of Azania Bank’s personal loan products are:
Personal loans are quick loans for individuals with a fixed income. Personal loans have a maximum repayment period of 3 years. The loan's interest rate ranges between 19 -23%.
Salary advance loans
These are loans for individuals who earn a monthly salary. Salary advance loans are available to employees whose employers have an MOU with Azaria Bank.
These are loans for pensioners. Wastafuu loans have a maximum repayment period of 72 months(6 years).
These are loans for individuals interested in buying or building a residential house. It has a maximum repayment period of 25 years.
These loans have a quick turnaround time and a maximum repayment period of 72 months. It is available to only salaried employees.
To access consumer loans, your employer must secure the loan through a collective guarantee agreement.
You can apply for an Azania Bank loan by visiting any Azania Bank branch.
These are loans, bank accounts, and other solutions tailored to businesses. Some of Azania Bank’s business solutions are:
This is a short-term loan for businesses that need working capital. It is available to customers with only a current account and a reliable income stream. Azania’s overdraft facility has a maximum repayment period of 12 months.
These are loans for small and medium businesses operating in Tanzania. Businesses can borrow a minimum of TZS 500,000 ($214) for a maximum period of 2 years.
These are insurance solutions for businesses and companies operating in Tanzania. Azania Bank’s bancassurance packages include:
- Motor vehicle cover
- Property insurance
- Engineering insurance
- Insurance premium financing (IPF)
- Marine insurance
- Travel insurance
- Money insurance
- Group life assurance
- Group credit assurance
- Career life plus
Businesses can learn more and apply for Azania Bank’s business solutions by visiting any Azania Bank branch.
Azania Bank’s digital channels
These are alternative channels Azania Bank customers can use to access and manage their accounts. They are:
Azania Bank customers can access and manage their accounts through the Azania bank portal.
With Azania internet banking, you can:
- Check your account balance and transaction history
- Print your account statement
- Make local and international fund transfers
- Pay your bills
You can register for Azania Bank’s internet banking by filling out and submitting an application
Registered users can log into the Azania Bank portal here
Mobile banking (*150*45# and bank app)
Azania Bank’s mobile banking channels can be accessed by any Azania Bank customer.
Azania’s mobile banking channel allows you to:
- View your account statement
- Make local and international transfers
- Pay bills
- Buy airtime
Agent banking (Wakala)
Azania Bank’s agent banking (Wakala) service allows its customers to access and manage their accounts without visiting a bank branch.
Wakala agents are authorised by Azania Bank to perform the following transactions on your behalf:
- Withdraw and deposit money into your account
- Transfer money to other accounts
- View your account statement
You can find a Wakala agent near you here.
This is a service offered to businesses that use Azania Bank to collect payments from customers.
It is expected to launch in Q4 of 2022. Azania Bank’s merchant channels will help merchants:
- Receive payments from different types of bank cards
- Save time by not visiting bank branches
- Increase their revenue stream
- Help award customers with loyalty points
Azania Bank’s VISA card
All Azania Bank customers are eligible for a VISA debit card. The card is accepted at over 200 ATMs worldwide and it can also be used to make online payments.
Azania Bank currently offers two (2) types of bank cards: Azania Bank Infinite VISA Card and Azania Bank Classic VISA Card.
You can apply for an Azania Bank VISA card by filling out and submitting an application form at any Azania Bank branch near you.
Frequently asked questions
What is Azania Bank’s contact information?
Headquarters: Mawasiliano Towers,Sam Nujoma Road, Dar es Salaam, Tanzania
Email address: email@example.com
Azania Bank’s phone number: 0800 110210
You can find any Azania Bank branch here.
You can also fill out its complaint form here
What is Azania Bank’s website
You can visit Azania Bank’s website here
What is Azania Bank’s SWIFT code
What is Azania Bank’s USSD code
Azania Bank offers products and services that both individuals and businesses can use.
Although Azania Bank’s website does not list the requirements and documents you need to sign up for its products, it is easy to navigate and gives you an idea of the financial products and services it provides.