BARCLAYS OPENS A FOREX BUREAU AT HYATT REGENCY

Barclays Bank Tanzania (BBT) Head of Marketing and Corporate Relations, Aron Luhanga (right), shakes hands with Hyatt Regency Dar es Salaam Operations Director, Timothy Mlay during the official opening of BBT's second forex bureau in Dar es Salaam yesterday. In the picture from left are BBT City Mall Branch Manager, Winford Mwang’onda, Head of Global Markets, Esther Maruma and Head of Retail Banking, Oscar Mwamfwagasi.

19 June 2019, Dar es Salaam - As part of our Foreign Exchange Retail proposition, Barclays Bank Tanzania Limited is proud to announce its expansion of the forex services to customers at Hyatt Regency.

Barclays Tanzania Head of Global Markets, Esther Maruma said, “This strategy direction was taken to support cash trading requirements of the public, filling a gap created when Forex Bureaus lost their licenses. We have more than six (6) currencies (TZS, USD, GBP, EUR, KES & ZAR) available for trading immediately”.

Esther also added that the bank is evaluating other strategic locations including our ports of entry i.e. airports, sea ports as well as other regions outside Dar es Salaam to ensure that the network grows even further.

The bank’s Head of Retail banking, Oscar Mwamfwagasi commented that as a business strategy, the bank had to review and improve our FX Board rate pricing, making our offer cheaper and more competitive to all our clients trading in cash, online and through our branch foot print. The bank through its branch network will now be cash trading for both account and non-account holders.

“The Bureau will be operating seven (7) days a week as per business working hours; weekdays from 10:00 am to 08:00 pm, 10:00 am to 04:00 pm on Saturday, 10:00 am to 01:00 pm on Sunday and 10:00 am to 01:00 pm on Public holidays. We also have a 24/7 ATM at the same location,” added the bank’s Head of Retail Banking, Oscar Mwamfwagasi.

For further information please contact;

Aron Luhanga
Head, Marketing & Corporate Relations
Barclays Bank Tanzania Limited
+255 768 221 717
aron.luhanga@barclayscorp.com

About Barclays Bank Tanzania Limited;

Barclays Bank Tanzania Limited has been operating in Tanzania for the past 19 years and currently boasts a network of 15 branches, 60 ATMs strategically located countrywide. The Bank is now part of Absa Group Limited.

Barclays Bank Tanzania Limited, company registration number 38557 is regulated by the Bank of Tanzania. Barclays Bank Tanzania Limited uses Barclay’s trademarks under license from Barclays Bank Plc.