Dar es Salaam — The glass is almost half empty for Tanzanian banks which have seen their profitability level declining by 53.65 per cent in the last two years amid tight business for the lenders.
The banking industry which is still growing in terms of assets registered the highest level of profits at Sh450.758 billion in 2015 but the net income slowed to Sh357.416 billion in 2016 and Sh208.921 billion in 2017, according to figures from the Bank of Tanzania.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article