[1] As of June 2014[update], PBZ was a medium-sized financial institution, with total assets of approximately TSh 321.35 billion.

It functions as a retail bank, serving individuals, small and medium enterprises (SMEs), and large corporate clients.

Initially, its service area was 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 November 2014, The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations: