Equity Bank Tanzania has posted net profit of 5.03bn/- in the year ended September 2015 compared to 1.52bn/- registered in the previous year. Also; the bank posted 1.14bn/- profit in the quarter ended September 2015 compared to 531m/- posted in the corresponding quarter 2014. Similarly, Equity group holdings limited has posted net profit of 256bn/-
CRDB Bank posted a net profit of 38.57bn/- from its operations during the third quarter (July-September) of this year, up from 31.25bn/- recorded at the same period last year. The bank described the performance as historic success. The bank’s cumulative profit for the nine months of this year surpassed the entire net earnings of last
The National Microfinance Bank (NMB) says its net profit has slowed down as the result of reviewing lending procedures to maintain low defaulting ratio, as opposed to claims that the strategy was part of competition. NMB, the biggest bank in term of profitability, said despite a profit slowdown of 0.5 per cent to 38.36bn/- during
The National Microfinance Bank (NMB) and CRDB Bank have posted almost matching first quarter net profit this year with the latter’s profit surging to catch up with the former to underline intensifying competition between the two largest banks in Tanzania. Financial statements issued recently shows that the NMB net profit went up slightly by 0.5
CRDB Bank has reported impressive financial results after posting 13.4 per cent net profit growth that reached 95.64bn/- for the quarter ended December 31, 2014, up from 84.37bn/- for the similar period a year earlier. The period under review, according to the audited financial statements published on Tuesday, saw other key bank’s variables like assets,
Rabobank Group recorded net profit of EUR 1,080 million in the first six months of 2014. The result was reduced by EUR 214 million by the resolution levy, a non-recurring levy by the Dutch government for the banking sector in connection with the nationalisation of SNS Reaal. Following a weak first quarter, the economic recovery
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