Introduction and Overview

Bank of Tanzania (the Bank) is mandated to license, regulate and supervise banks and financial institutions comprising commercial banks, microfinance banks, community banks, development finance banks, financial leasing companies, mortgage financing companies, microfinance service providers, credit reference bureaux, bureau de changes and representative offices of foreign banks. Also, the Bank is mandated to regulate and supervise all financial matters of Social Security Schemes operating in Tanzania. The primary objectives of regulating and supervising banks and financial institutions are to maintain the stability, safety and soundness of the financial system; and to reduce the risk of loss to depositors.