Bank net profit up Sh300m

NMB Bank posted a 28 per cent increase in net profits during the first quarter of this year, thanks to increased loans issued to customers.

>African Life Assurance closed last year with net profit growth of 100 per cent from Sh5.2 billion in 2012 to Sh10.3 billion.

Samsung Electronics reported Tuesday its net profit had risen 5.9 percent year-on-year in the first quarter to 7.57 trillion won ($7.3 billion) but operating profit declined for the second straight quarter on slowing smartphone revenue.

Exim Bank Group posted a Sh5.4 billion pre-tax profit during the third quarter of this year.

DCB Commercial Bank has said it expects to increase profit after tax to Sh4 billion this year from Sh3.8 billion posted last year.

Exim Bank Tanzania Chief Finance Officer, Mr. Selemani Ponda (Centre) briefs journalists at a news conference to announce the bank’s financial results for the first quarter of 2014 in Dar es Salaam Looking on is Head of Treasury, Mr. George Shumbusho (first left) and Seniour Finance Manager, Mr Issa Hamisi (first right). The EXIM Bank Group 1st quarter (Q1) 2014 pretax profit rose by 42% to TZS 6.4 billion from the same period last year as per recently published results.
“We are pleased...

Exim Bank registered a pretax profit of Sh6.4 billion during the first three months of this year – a 42 per cent increase compared to a similar period in 2013.

The profit before tax for the Kilimanjaro-based Mwanga Community Bank Limited (MCBL) rose by 197 per cent in 2014 on the back of increased interest income amid tightened spending, the bank has said.

Equity Bank’s net profit rose by 230.9 per cent during the year ending September 2015 as the financial entity steps up efforts to reach the unbanked segment of the population.