TIB Development Bank jobs 2018
finance institution established by the Government of Tanzania. The activities of TIB are supervised by the Bank of Tanzania, the central bank and national banking regulator.
TIB is registered as a Registered Financial Institution.
The bank was established by Act of Parliament in 1970. At that time, the main objective of TIB was to provide “medium and long-term loans to investors in commercial agriculture, manufacturing, processing, construction, transport, tourism and mining sectors”.
However, due to economic hardships, including a war with Idi Amin of neighboring Uganda and foreign currency exchange fluctuations within the Tanzanian economy, the bank became unable to service its financial obligations. To mitigate financial losses, TIB resorted to making short-term loans and to function like a commercial bank. The period between 1980 until 2003 was particularly hard on the bank.
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TIB Development Bank jobs 2018
Reviewed by jobs mpya
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Friday, July 20, 2018
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Reviewed by jobs mpya
on
Friday, July 20, 2018
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