{"id":9827,"date":"2020-06-02T16:45:39","date_gmt":"2020-06-02T16:45:39","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=9827"},"modified":"2020-06-02T16:45:39","modified_gmt":"2020-06-02T16:45:39","slug":"govt-tpb-bank-plc-tib-corporate-merge-operations","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations","title":{"rendered":"GOVT: TPB BANK PLC, TIB CORPORATE MERGE OPERATIONS"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> THE government announced to merge TPB Bank Plc and TIB Corporate Limited (TIB Corporate) operations effective from yesterday.<\/p>\n

The revelation was made here yesterday by Treasury Registrar, Athumani Mbutuka, while addressing reporters, adding that the decision was in line with a number of measures the State has been taking to improve performance of the public institutions.<\/p>\n

\u201cThe government has continued to take various measures aimed at improving performance of public institutions, including merging institutions with similar roles in order to increase efficiency and reduce operational costs,\u201d pointed out, the Treasury Registrar.<\/p>\n

With effect from yesterday, Mr Mbutuka, said TPB will acquire all assets and liabilities of TIB Corporate.<\/p>\n

He further said the decision is aimed at enhancing performance of the banks to have strong financial basis and sustainable financial institutions, which are capable of effectively and efficiently serving customers.<\/p>\n

Equally, Mr Mbutuka said the merger is aimed at bringing major reforms in the structures, corporate image and creating a system that would enhance them to have a competitive edge among other commercial banks in the market.<\/p>\n

However, he assured the public that it will continue to support the banks by ensuring consistent and sustainable performance, which protects interests of their customers and depositors in accordance with the laid down laws and regulations.<\/p>\n

\u201cAll customers of the two banks will continue to be served at their respective branches until further notice. The government would like to assure the customers of both the banks and general public that banking services will not be affected in any way due to these changes\u201d he added.<\/p>\n

This is the third merger TPB Bank P\/C is witnessing after initially incorporating Twiga Bankcorp bank and Tanzania Women bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: THE government announced to merge TPB Bank Plc and TIB Corporate Limited (TIB Corporate) operations effective from yesterday. The revelation was made here yesterday by Treasury Registrar, Athumani Mbutuka, while addressing reporters, adding that the decision was in line with a number of measures the State has been taking to improve performance of the […]<\/p>\n","protected":false},"author":84,"featured_media":9806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8],"tags":[4213,3698],"class_list":["post-9827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","tag-athumani-mbutuka","tag-tpb-bank"],"yoast_head":"\nGOVT: TPB BANK PLC, TIB CORPORATE MERGE OPERATIONS - Tanzania<\/title>\n<meta name=\"description\" content=\"THE government announced to merge TPB Bank Plc and TIB Corporate Limited (TIB Corporate) operations effective from yesterday.The revelation was\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GOVT: TPB BANK PLC, TIB CORPORATE MERGE OPERATIONS\" \/>\n<meta property=\"og:description\" content=\"THE government announced to merge TPB Bank Plc and TIB Corporate Limited (TIB Corporate) operations effective from yesterday.The revelation was\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-02T16:45:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/0fccfcd1c377239ac2bdf09717b040cf.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GOVT: TPB BANK PLC, TIB CORPORATE MERGE OPERATIONS\",\"datePublished\":\"2020-06-02T16:45:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/0fccfcd1c377239ac2bdf09717b040cf.jpeg\",\"keywords\":[\"Athumani Mbutuka\",\"TPB Bank\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/community\/govt-tpb-bank-plc-tib-corporate-merge-operations\",\"name\":\"GOVT: TPB BANK PLC, TIB CORPORATE MERGE OPERATIONS - 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