Three Tanzanian Banks Records Over 50% in Bad Loans
The government has expressed fears that the high rate of people defaulting on loan repayments in the first quarter of 2017 will derail the country's economic growth.
Daily News, 2 May 2017
Presently most bank's quarterly audited financial reports indicates that these banks are experiencing high levels of non-performing loans (NPLs) ranging from four per cent to 50… Read more »
Citizen, 27 April 2017
The increase in the level of non-performing loans (NPLs) relative to commercial banks' total loans is bad for the economy and Tanzania needs to deal with the challenge as a matter… Read more »
East African, 8 December 2016
Shareholders of listed banks in East Africa now face reduced dividends as the lenders divert resources to cushion against mounting bad debts that have rocked the industry. Read more »