Bank M has started procedures to issue an Initial Public Offer (IPO) at the Dar es Salaam Stock Exchange (DSE) in a bid to raise additio...
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Showing posts with label Banks. Show all posts
Showing posts with label Banks. Show all posts
Tanzania: CRDB microfinance profit soars
CRDB Bank’s Microfinance Service Company has posted a pretax profit increase 41 per cent to 8.58bn/-, thanks to overall growth of busine...
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AccessBank injects 8bn/- extra capital
AccessBank Tanzania (ABT) shareholders have approved a capital increase of 8.0bn/- in order to support expansion of the bank. ABT Chief Ex...
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Tanzania: Vehicle imports in transit decline at Dar port
Vehicle imports in transit through Dar es Salaam port has declined by 18.9 per cent in the first two months of this year, as the port lo...
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Tanzania: CRDB provides 250m/- to support police transformation
CRDB Bank has contributed 255m/- toward police transformation programme that seeks to, among other things, bring about rapid deployment of...
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Fastjet, NMB sign deal to ease flight ticket payments
Tanzania's low-cost airline, Fastjet has signed a partnership agreement with the National Microfinance Bank (NMB) to enable bank cus...
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Tanzania: Banks fail to comply with BoT’s customer charter
Financial institutions have failed to fully comply with regulator’s customer charter to put sign of how they should channel complaints t...
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Bank saving culture in Tanzania still low
Over 90 per cent of bank clients have less than 1.5m/-in their accounts as they the banks to channel their salaries only, according to a C...
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Tanzania: Barclays, NBC seek to combine operations
Barclays Africa Group is discussing with Bank of Tanzania in a move to combine operations of its unit in Tanzania and National Bank Commer...
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Barclays ‘will not pull out of Tanzania’
Barclays Bank Tanzania has said its parent company is not pulling out of Tanzania and Africa despite a move to reduce its stake in Barcl...
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Bank of Tanzania launches financial inclusion scheme
The central Bank Chief Professor Benno Ndulu launched a programme aimed at improving people’s acumen of money matters in Dar es Salaam ye...
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Tanzania: BoT records remarkable profit increase
Bank of Tanzania (BoT) net profit leaped by over 180 per cent last year thanks to unrealised foreign exchange revaluation gain. The Centra...
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Tanzania's Prof Ndulu to chair financial inclusion body
The Bank of Tanzania (BoT), Governor Prof, Benno Ndulu (pictured), has been appointed as the new chairman of the Alliance for Financial ...
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Bank M registers all-time high profit
Bank M has posted a full year pre-tax profit increase of 16 per cent, notwithstanding the numerous challenges in the second half of last y...
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Tanzania's banking sector swims in safe waters
The banking sector has continued growing in terms of deposits and assets, thanks to favourable macroeconomic environment. The Bank of Ta...
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Tanzania's ‘community banks potential underutilised’
Community banks (CBs) are champions of financial inclusion globally but their services in the country are grossly underutilised, accordi...
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Tanzania: Joy as Mkombozi Bank opens branch in Bukoba
Mkombozi Commercial Bank has opened a first branch outside Dar es Salaam in Bukoba a move termed to speed up people's development in...
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Tanzania: Kagera bank reduces loss by 53pc in Q3
Kagera Farmers Cooperative Bank has reduced its net loss by some 53 per cent in this year’s third quarter thanks to non interest income wh...
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Tanzania: CRDB Bank posts 148bn/-record profit
CRDB Bank has posted a record pre-tax profit of 147.91bn/- for the group in the nine months of this year hence surpassing last year’s fu...
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Tanzania: Bank issues first ever retail bond to public
Exim Bank Tanzania on Monday issued to the public the first ever retail bond in a move designed to raise 15bn/- to boost its capital. “...
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