Bad Debts Ratio Slightly Low

Posted on by Staff Writer | 6541 Views | 7 min read

The banking sector recorded a slightly drop in their non-performing loans (NPLs) one percentage point to 6.5 per cent on year-to-year basis at the end of March. The ratio, one of indicators to measure soundness of banking sector, shows that the rate is well below the East African bloc rate of 8.0 per cent, but

Central Bank of Tanzania Keen to Control Banks Bad Debts

Posted on by Staff Writer | 9866 Views | 10 min read

The Bank of Tanzania (BoT) wants non-performing loans (NPLs) in commercial banks to go down to comfortable zone of 5.0 per cent for purposes of protecting depositors’ money. The central bank said though the level is around 7.0 per cent, the risk level is, however, lower compared to other countries in the East African Community