Combined interest income of these banks increased by 23.1 percent to Sh3.62 trillion, compared with Sh2.94 trillion a year earlier, while non-interest income grew by 12.4 percent to Sh1.67...
By
Josephine Christopher
Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Tanzania’s banking sector has reached a new profitability milestone, but the surge in earnings is renewing debate over whether stronger bank balance sheets are translating into more affordable financial services for customers.
Customer deposits rose by 37 percent to Sh18.8 trillion, while net loans expanded by 38 percent to Sh16.9 trillion
Customer deposits grew by 11 percent to KSh551 billion, with total assets rising by 11.5 percent to KSh739 billion.
The government has hailed the continued growth and resilience of Tanzania’s financial sector, while calling on banks and…
A slower pass-through of CBK rate cuts to borrowers helped banks grow first-quarter earnings as deposit costs fell.
CBK) shows that the lenders’ pre-tax earnings in the review period stood at Sh111.8 billion, rising from Sh98.2 billion a year…
Tanzania’s banking sector has recorded a major regional milestone, with leading lenders ranking ahead of some of their East…
