People's Bank of Zanzibar limited to the islands of Zanzibar and Pemba. In April 2011, the bank opened a branch in Dar es Salaam on the mainland. As of May 2012, it planned new branches in Mwanza, Arusha, Mtwara, and Mbeya. In December 2011, the bank launched an Islamic bank window, in addition to the conventional banking services that it offers. PBZ is wholly owned by the government of Zanzibar. As of November 2014, The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations: People's Bank of Zanzibar The People's Bank of Zanzibar (PBZ) is a commercial bank in Tanzania. It
Zanzibar century. Persian, Indian, and Arab traders used Zanzibar as a base for voyages between the Middle East, India, and Africa. Unguja, the larger island, offered a protected and defensible harbor, so although the archipelago offered few products of value, traders settled at Zanzibar City ("Stone Town") a convenient point from which to trade with the other Swahili coast towns. The impact of these traders and immigrants on the Swahili culture is uncertain. During the Middle Ages, Zanzibar and other settlements on the Swahili Coast were advanced. The littoral contained a number of autonomous trade cities. These towns grew in wealth