TADB - Tanzania Agricultural Development Bank
Active

TADB

Official Certification
country-flagTanzania
State-owned Bank
10-15 Year
Current Enterprise Rating

5.00

Industry Rating
a

Basic Information

Full Name Of The Enterprise
Full Name Of The Enterprise
Tanzania Agricultural Development Bank
Country
Country
Tanzania
Enterprise Classification
Enterprise Classification
Registration Time
Registration Time
2012
Business Status
Business Status
Active

Regulatory Information

Tanzania

( Tanzania )

Regulated
Regulatory agency logo
Current Status
Current Status
Regulated
country
Regulatory Region
Tanzania
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Regulatory Number
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certificate
License Plate Type
Licensed Bank
museum
Licensed Institution
TANZANIA AGRICULTURAL DEVELOPMENT BANK LIMITED
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Address Of Licensed Institution
P. O. BOX 63372, DAR ES SALAAM
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Licensed Institution Email
domain
Licensed Institution Website
https://www.tadb.co.tz/
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Licensed Institution Phone
+255 22 292 3501-2
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Certificate Type
No Sharing
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Entry-into-force Time
--
expired
Expiration Time
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TADB Enterprise Introduction

Tanzania Agricultural Development Bank Limited (TADB) is the national pillar of Tanzania's agricultural finance sector, known for its focus on the agricultural sector and its support for smallholder farmers and underbanked communities. Since its establishment in 2012, TADDB has provided diversified financial and non-financial services to agricultural workers through a cooperative network of branches, village banks (VICOBA) and savings and credit cooperatives (SACCOS). Its brand mission is to "Empower Agriculture, Create the Future", driving food self-sufficiency, food security and economic development in Tanzania through low-cost financial solutions and digital innovation.

Basic Bank Information

TADB is a state-owned development finance institution established in September 2012 under the Companies Act 2002 (CAP 212) and headquartered at Kinondoni Road, Plot No. 102-14109, P.O., Dar es Salaam, Tanzania. Box 75835。 The bank is wholly owned by the Tanzanian government and is not listed on any stock exchange, reflecting its state-owned nature and focus on agricultural development. The shareholder's background includes government support, and it has been strengthened by a US$66 million (approximately 165 billion Tanzanian shillings) injection from the African Development Bank in 2024.

TADB's services cover the whole of Tanzania, with a focus on supporting agricultural areas, including the western regions of Tabora, Kigoma and Katawi. The bank has major branches in Dar es Salaam and Tabola, and has expanded its services through partnerships with VICOBA and SACCOS. TADB provides convenient cash withdrawal services through the 1Link ATM network, enhancing financial accessibility for customers in urban and remote areas. Banks are regulated by the Central Bank of Tanzania (BOT), comply with the requirements of the Banking and Financial Institutions Act 2006, and are supervised by the Tanzania Capital Market and Securities Authority (CMSA) for market conduct. Deposits are secured by the Tanzania Deposit Insurance Authority (TDIB) up to 10 million Tanzanian shillings (approximately US$4,000). There have been no recent major compliance issues, indicating stable operations.

Financial health

As TADB is a state-owned development financial institution, specific financial indicators such as capital adequacy ratio, non-performing loan ratio and liquidity coverage ratio are not disclosed in detail in public information. According to the Central Bank of Tanzania, the capital adequacy ratio of Tanzania's banking sector averaged 19.0% in December 2022, higher than the regulatory minimum requirement of 14.5%, indicating that the industry is generally robust. TADB expects its capital adequacy ratio to be at or above this level. In 2023, the non-performing loan ratio of Tanzania's banking sector is around 8.4%, and TADB is likely to face a similar trend. In terms of liquidity ratio, the Tanzanian banking sector stood at 62.9% in December 2022, well above the regulatory requirement of 20%, and the liquidity position of the TADB should be similarly robust.

In 2023, TADB announced a historic dividend of 558 million Tanzanian shillings, demonstrating its strong profitability. In 2024, the bank received a $66 million capital injection from the African Development Bank, further strengthening its financial strength.

Deposit & Loan Products

Deposit

TADB offers a variety of deposit products to meet the needs of individual and agribusiness customers:

  • current account: supports daily transactions, no interest, suitable for individual and corporate customers.

  • Savings Accounts: Includes regular savings accounts and Mavuno accounts, Mavuno accounts offer up to 9% APR with no operating fees.

  • Fixed Deposits: Fixed deposit accounts are available with tenors ranging from 1 month to 5 years and interest rates of up to 15% (subject to market conditions).

  • Featured products: Elimu Junior Education Savings Account, designed for children's education savings with no commission; Foreign currency account for international transactions.

LoansTADB

offers a wide range of loan products, focusing on agricultural finance:

  • Payroll loans: for government and private sector employees, interest rates between 7% and 12% (2016 data), subject to credit assessment.

  • Capital Loans: Short-term financing for customers waiting for the debtor to receive payment, the interest rate is subject to inquiry.

  • Insurance Loan (IPF): For asset protection, full collateral or cash guarantee is required.

  • Agricultural Cluster Financing: Supporting the transformation of smallholder farmers through a value chain financing model with interest rates ranging from 7% to 12%.

  • Trade Finance: Tender/performance security is provided at a cost of 0.5% of the guarantee amount, with a minimum of Tanzanian Shillings of 20,000/50,000.

  • Flexible repayment options: Early repayment or adjustment of repayment plan are supported, and customers can apply through online banking or TADB Wakala.

App & Online Banking

  • mobile app: The TADB Mobile App is available for iOS and Android, and features include real-time transfers, bill payments (utility bills, LUKU tokens, etc.), phone bill top-up, account management, and TADB Wakala cardless withdrawals. It can be downloaded through Google Play or App Store. Specific user ratings were not disclosed, and user feedback mentioned that the interface and features need to be improved.

  • Online Banking: Available through TADB Online Banking, it supports account management, transfers, and mini statement viewing.

Core features

real-time transfers, bill payments, account management, TADB Lipa Namba merchant payments, instant access to LUKU tokens, ATM card locking.

Quality of customer service

The

service channels

provide telephone support (+255 22 292 4056, 0800 110 120), email (". [email protected]) and social media responses (e.g. TADB Facebook). Opening hours are Monday to Friday 08:30-17:00, Saturday 08:30-13:00, Sunday 11:00-16:00.

Multi-language support

supports both English and Kiswahili for both local and cross-border customers.

Safety and Security Measures

Funds

are

secured by the Tanzania Deposit Insurance Authority (TDIB) up to a maximum of Tanzanian Shillings 10 million. Real-time transaction monitoring and standard anti-fraud technology are used to ensure the safety of funds.

Featured Services & Differentiation

Segment

  • student account: Elimu Junior Education Savings Account, no commission to encourage children to save.

  • Green financial products: Supporting sustainable agricultural development projects, such as renewable energy and climate-smart agriculture.

Other features

  • Agricultural Cluster Financing: A value chain financing model to support smallholder transformation.

  • Trade Finance: Provide bid/performance guarantees to support agribusiness participation in tenders.

  • Correspondent Banking Services: Card-not-present withdrawals and banking services are available through TADB Wakala.

Market Position & Accolades

TADB is at the heart of Tanzania's agricultural finance sector, with plans to disburse more than 1 million loans over five years in 2016 at interest rates ranging from 7% to 12% in support of the national agricultural strategy.

Summary

The

Agricultural Development Bank of Tanzania (TADB) is a state-owned financial institution with a focus on agricultural development, providing financial support to smallholder farmers, livestock farmers and fishers through a network of branches, village banks and savings and credit cooperatives. The bank offers a wide range of deposit and loan products, combined with the TADB Mobile App and online banking platform, to enhance financial accessibility. Its 2023 dividend of 558 million Tanzanian shillings and its 2024 capital injection of $66 million showed strong financial performance. TADB is driving the transformation of Tanzania's agriculture from self-sufficiency to commercialization through agricultural cluster financing, green finance projects, and financial inclusion initiatives. Although some of the financial metrics and fee details are not disclosed, TADB's robust regulatory compliance, customer-oriented services and central position in the agricultural development sector make it a trusted financial partner in Tanzania.

TADB Enterprise Security

https://www.tadb.co.tz/
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