DCB Commercial Bank Plc (DCB) was registered as a Limited Company on 6th September 2001.
In April 2002, DCB started a business as a regional microfinance institution. On 12 June 2003, the bank was issued with a license to carry out banking business as Dar es Salaam Community Bank Limited. In 2005, after only 3 years of its operation, DCB broke-even.
In 2008, DCB became the first bank in Tanzania to be listed to Dar es Salaam Stock Exchange (DSE).
In February 2012, the Bank changed its name from Dar es Salaam Community Bank Plc to DCB Commercial Bank Plc and in July 2012, the bank was issued with a license to carry out banking business countrywide as a fully-fledged CommercialBank.
Institutional Framework
The bank is governed by the Board of Directors appointed by shareholders at the AGM and vetted as per regulatory requirements. The Board of Directors as a policy-making body exercise its governance by setting strategic direction, vision, mission, goals, policies as well as own governance process. Also, it has a duty of overseeing audit work and risk management in order to increase efficiency and effectiveness of banks operations.
The Board of Directors is composed of people with broad knowledge and rich experience that is useful in directing and guiding the bank’s activities. The day to day operations is delegated to the Managing Director.
Vision and Mission and Core Values
The vision of DCB Commercial Bank Plc is to be the leading microfinance bank in Tanzania.
The Mission of DCB Commercial Bank Plc is to contribute to the economic and social development in Tanzania for Individual, Micro, Small and Medium Enterprises, and Corporate by developing specialized financial products and services and marketing these through an efficient and sustainable branch network where the customer is treated with promptness and responsiveness.
Core Values:
Professionalism
Integrity
Creativity & Innovations
Team Work
Unit of Purpose
Respect
Effective Corporate Governance
The Principal Activities of the Bank
The principal activities of the bank are that of
i) Mobilizing financial resources from individuals, institutions and development partners for financing the informal sector in order to support the government's endeavors in poverty alleviation.
ii) Providing an enabling environment for self-employment for the unemployed population in Tanzania
iii) Providing commercial services and support to the target group at truly unsubsidized 'full cost recovery and a profit margin' rates in order to enable the bank to consolidate itself and maximize returns to its shareholders.
iv) Providing lending services
The Board of Directors is composed of people with broad knowledge and rich experience that is useful in directing and guiding the bank’s activities. The day to day operations is delegated to the Managing Director.
Vision and Mission and Core Values
The vision of DCB Commercial Bank Plc is to be the leading microfinance bank in Tanzania.
The Mission of DCB Commercial Bank Plc is to contribute to the economic and social development in Tanzania for Individual, Micro, Small and Medium Enterprises, and Corporate by developing specialized financial products and services and marketing these through an efficient and sustainable branch network where the customer is treated with promptness and responsiveness.
Core Values:
Professionalism
Integrity
Creativity & Innovations
Team Work
Unit of Purpose
Respect
Effective Corporate Governance
The Principal Activities of the Bank
The principal activities of the bank are that of
i) Mobilizing financial resources from individuals, institutions and development partners for financing the informal sector in order to support the government's endeavors in poverty alleviation.
ii) Providing an enabling environment for self-employment for the unemployed population in Tanzania
iii) Providing commercial services and support to the target group at truly unsubsidized 'full cost recovery and a profit margin' rates in order to enable the bank to consolidate itself and maximize returns to its shareholders.
iv) Providing lending services
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