Coop Bank Tanzania is a new financial institution established through the merger of Kilimanjaro Cooperative Bank (KCBL) and Tandahimba Community Bank (TCBL) on May 26, 2024.
The bank’s mission is to transform the financial landscape in Tanzania by providing a comprehensive range of services that prioritize social welfare, particularly for the cooperative sector, entrepreneurs, and the unbanked population.
After receiving its transitional license from the Bank of Tanzania (BOT) on July 23, 2024, Coop Bank Tanzania officially commenced operations on October 1, 2024.
With a strong cooperative foundation and a commitment to innovation, Coop Bank Tanzania is poised to make a significant impact in the Tanzanian banking sector. The bank’s focus on community engagement and inclusive financial services is aimed at addressing the diverse needs of its clientele, thereby contributing to the socio-economic development of Tanzania.
To be the leading cooperative bank offering world-class and inclusive financial services.
To provide tailored financial solutions anchored on technology and innovation, aiming for mass outreach, a distinctive customer experience, and creating value for all stakeholders.
Knowledge and understanding
Constantly embracing new processes and products to enhance service delivery.
Rapid adaptation to changes in the financial landscape and customer needs.
Committed to giving back to the community and supporting societal development.
Owning our actions and decisions, ensuring transparency and trust.
Continuously striving to acquire new knowledge and skills to remain relevant in the industry.
Collaborating effectively as a cohesive unit to achieve common goals.
Coop Bank Tanzania aims to: Enhance financial inclusion by catering to underserved populations. Leverage technology to improve service delivery and customer experience. Foster strong partnerships with cooperatives and other community organizations. Drive social welfare initiatives that positively impact the communities it serves. Through its innovative approach and community-centric focus, Coop Bank Tanzania aspires to be a catalyst for positive change in the banking sector, ultimately improving the quality of life for many Tanzanians.