Bancabc Tanzania

our people, our source of fresh thinking and smart banking the bank commenced operations in 1996 as an asset financing institution under the joint ownership of cdc capital partners (cdc), international finance corporation (ifc), tdfl and the union dominions corporation (udc). following the merger of udc with first merchant bank and bard investment services, and the subsequent re-branding as african banking corporation, abc holdings limited (abch) listed on the botswana (primary) and zimbabwe (secondary) stock exchanges. the bank in tanzania was granted full commercial banking status by the bank of tanzania in 2002. in 2004, the abch group successfully concluded the acquisition of a 68% interest in tanzania development finance company ltd (tdfl) from the existing international shareholders, i.e. ifc, cdc, deg, fmo and eib. the government of tanzania has remained a key shareholder (32%) in tdfl. the operations of capital finance limited, the operating arm of tdfl were merged with the