Tanzania revokes licence of five banks

bank-of-tanzania

The Bank of Tanzania has revoked the licences of five financial institutions because they are “critically undercapitalised”, the central bank said on January 4.

The “continuation of their operations in the current capital position is detrimental to the interests of depositors and poses a risk to the stability of the financial system,” a statement published by the BoT says. The central bank has appointed the Deposit Insurance Board as the liquidator of the banks.

The five institutions are small

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: