Understanding the sell-down

Here at Barclays Bank of Tanzania, we’re about to take an exciting step towards unlocking our destiny on the continent. The international banking group called Barclays PLC is selling some of their shares in our holding company Barclays Africa Group, offering us the opportunity to grow a truly African bank. So, if you have any questions as the sell-down progresses, this is where we’ll answer them.

And the best bit about this? You don’t need to do anything except carry on with your banking the same way you always have, as we work to make your experience even better. So, although Barclays Africa Group’s shareholders may change, we’ll make sure that you continue to prosper.

What does the sell-down mean for Barclays Bank of Tanzania?

How is our business structured?

What is the Barclays sell-down?

Why is Barclays PLC selling shares in Barclays Africa?

Is Barclays leaving Tanzania?

Is my bank going to close?

Is my money going to be safe?

How will the sell-down impact me?

Who owns Barclays Africa Group now?

Will this cause any branch closures?

Why are you closing some branches?

Should I withdraw my money?

Will the IT Systems and online banking security be affected?

Will this cause job losses?

Will the bank be rebranded?

Barclays Bank Tanzania today has deep roots in Tanzania, and for now, our name will stay the same.

In time, we will differentiate it from Barclays PLC.

Don’t worry, we will take great care with such decisions and your best interests will be at the heart of any decisions we make.

What should I do about the sell-down?

With the sell-down happening, there may be plenty of misinformation going around.

As always, only trust information from official Barclays Bank Tanzania sources. We’ll make sure everything you need to know about the sell-down is easily available online and in our branches.

You will not be required to update your details due to the sell-down. So, do not fall prey to email or phone calls requesting your account or personal information.

If you have any suspicions, contact feedback.tz@barclays.com or call +255 (0) 774 700 703 to make sure your account is secure.