Advans Bank Tanzania received a license to operate as a fully-fledged commercial bank in May 2010 and was incorporated in June 2010. Its shareholders are Advans SA as majority shareholder and FMO (the Netherlands Development Financial Company).
Advans Bank Tanzania opened its first branch in Dar Es Salam, in the administrative yard of Manzese, in February 2011. Since, it has opened branches in the Kariakoo and Temeke areas of Dar es Salaam. Advans Bank Tanzania aims to provide loan services to MSMEs in order to encourage the expansion of the MSME sector in Tanzania.