Tanzania: Postal Bank Curbs Bad Debts

ALTHOUGH defaulting remains to be the major challenge to most lending institutions, the Tanzania Postal Bank (TPB) has managed to keep low its Non Performing Loan (NPL) at four per cent which is below the industry rate of around seven per cent.

This was said in Dar es Salaam on Tuesday by the TPB Chief Executive Officer Mr Sabasaba Moshingi while briefing journalists on the bank's financial performance for the year 2013.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.