The People’s Bank of Zanzibar Limited (PBZ) was established on 30th June 1966 in accordance with the Zanzibar companies Decree (Cap 153). PBZ is 100% owned by the Government of Zanzibar. The primary function of the Bank is to carry on the business of commercial banking in all its branches and Departments.
PBZ has a branch and service centres network of twenty-eight branches in Zanzibar and Tanzania Mainland as at September 2022. Eight out of those branches provide Islamic Banking products. The bank provides services to both corporate and retail customers.
PBZ is offering various products and services to customers such as current accounts, time deposits account and saving. The available deposit accounts are denominated into Tanzania shillings and major foreign currencies. Again it offers commercial loans in the form of overdrafts, terms loan and personal loans.
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