Pretax profit up 122pc, says lender

>Exim Bank Group’s second-quarter pretax profit rose by 80 per cent to Sh9.6 billion.

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

>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.

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.

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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When Yasintha Herman Mlale, 63, and her husband Herman started growing avocadoes a few years ago, she could not fathom that she was embarking on a serious export business.

Shareholders will receive an interim dividend of Sh154.84 per issued and fully paid share