TPB Bank PLC ANNUAL REPORT 2019 TPB Bank PLC Head Office LAPF Towers, Kijitonyama Bagamoyo Road, P. O. Box 9300 Dar Es Salaam Tanzania Telephone: +255 22 2162940 Fax: +255 22 2114815 E-mail
[email protected] Website: www.tpbbank.co.tz ANNUAL REPORT 2019 CREATING AND DELIVERING VALUE Dear Valued Stakeholders, I strongly believe that public institutions need to create value for their stakeholders, in a sustainable way. TPB Bank is at the forefront of embracing this philosophy and has strove to consistently be a proactive entity in building the United Republic of Tanzania. We firmly believe that over and beyond our zeal for financial inclusion, we must also make a positive socio-economic impact on Tanzanian economy through our every-day operations. Our contribution in 2019 was one that we are proud of, and the following are some of our substantial achievements: · TPB paid out a total dividend of TZS 1.2 billion to our shareholders with TZS 1 billion paid to our majority shareholder, the Government of the United Republic of Tanzania. Dr. Edmund Bernard Mndolwa · Corporate tax payments amounting to TZS 7.1 billion remitted to Tanzania Revenue Authority (TRA), up by 38% from the TZS 5.1 billion paid in 2018. · Employment of 925 Tanzanians. · Continued in-roads into the rural and un-banked populations through a combination of brick and mortar technology. This has seen a realization of 37 branches, 40 mini branches, 320,000 mobile banking customers, 75 ATM’s and 1,438 point of sale machines. · A total of TZS 218 billion lent out to 50,000 pensioners, ensuring that they remain in the formal financial system and can engage in various socio-economic activities, promoting their livelihood after retirement.