Mwanga Hakika Bank
Mwanga Hakika Bank, whose official name is Mwanga Hakika Bank Limited, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
Location
The bank's headquarters are located on the 16th Floor, Mwanga Tower, New Bagamoyo Road in Kijitonyama in the city of Dar es Salaam, Tanzania. The geographical coordinates of this location are:6°46'34.0"S, 39°14'39.0"E.Overview
, the total asset base of MHB was valued at TZS:1,246 billion. At that time, customer deposits amounted to STZS:710 billion and the bank's loan book totaled TZS:720 billion. The bank's maximum authorized loan amount to a single borrower was TZS:45 billion. The bank employed 106 staff members in seven brick-and-mortar branches.History
Mwanga Hakika Bank was incorporated in 2019 following the merger of three Tanzanian financial institutions, namely: EFC Tanzania Microfinance Bank, Mwanga Community Bank and Hakika Microfinance Bank. The new commercial bank received its commercial banking license in July 2020. It serves corporate clients, small and medium enterprises and individual clients.Ownership
The shares of the bank's stock are privately owned. The table below attempts to list the owners in the three original financial institutions that merged to form the present bank. The list is not exhaustive.| Rank | Name of Owner | Percentage Ownership |
| 1 | Residents of Mwanga District in Tanzania | 30% |
| 2 | Mwanga District Diasporas in Tanzania cities | 20% |
| 3 | Institutions and NGOs in Mwanga District | 10% |
| 4 | Local and International shareholders | 25% |
| 5 | Other investors | 15% |
| Total | 100.00 |
Branch Network
, MHB maintained seven branches at the following locations:- Two branches in the city of Dar es Salaam
- Three branches in locations in Kilimanjaro Region
- One branch in the city of Dodoma
- One Branch in the city of Arusha