Lender’s pretax profit up 80pc

>The profit before tax for the National Bank of Commerce (NBC) rose by 122 per cent during the year ending June 2014, the financial entity’s results show.

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...

 Bank M closed 2014 with a pretax profit of Sh20.1 billion on a mix of earnings from interests on lending foreign currency as well as fees and commissions, it was announced

South Korea’s Samsung Electronics flagged a nearly 80 per cent jump in quarterly profit Wednesday, as sales of chips and displays offset stiff competition in smartphones from Apple and cheaper Chinese rivals.

The new managing director for the National Bank of Commerce (NBC), Mr Edward Marks, has officially reported for duty, promising to scale-up the profitability of the financial entity to new levels.

>Bank giant HSBC said yesterday that profits fell in the first half because one-off gains were not repeated and after a weaker showing at its investment arm.

A police officer shot dead by a colleague, who also took his own life on Wednesday PC Petro Matiko, 26, engaged in money lending business, according to some police officers who worked with him.

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Phenomenon has been largely blamed on rising global temperatures, forest fires and increasing human activities