The Latest

Bank M Tanzania Records Substantial Profit Increase

January 11, 2013
1 minute read

Bank M, a medium-sized financial institution operating in Tanzania since 2007 posted a 40.5 per cent growth in profit for 2012 compared to 2011.

According to the bank financial statement for Q4 2012 the bank’s operating profit before taxes reached 12.66 Billion (USD 7.9 Million) compared to 9.01 Billion (USD 5.6 Million) the previous year.

Total deposits reached 349.68 Billion (USD 218.87 Million) in 2012 compared to 272.53 (USD 170.58 Million) in 2011 showing a 28 per cent increase.

Tanzania Investment Guide 2026 Free Edition

For the same period total assets reached 420.95 Billion (USD 263.34 Million) compared to 310.10 (USD 193.99 Million) showing a 35 per cent increase year on year.

A bank spokesperson attributed the good performances to the quality of the provided to to client base.

Bank M focuses on corporate banking with special emphasis on debt and foreign exchange business.

It also has investment banking capabilities and offers advisory services in debt or equity capital-raising, debt syndication and mergers and acquisitions.

Want to know more about Banking in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Banking, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Bank of Tanzania IFC Agreement SME credit access
Read More

IFC and BOT Sign Agreement to Expand SME Credit Access

The International Finance Corporation (IFC) and the Bank of Tanzania (BOT) will strengthen credit reporting and expand access to finance for SMEs, including women-owned and youth-led businesses. IFC will provide technical expertise to strengthen credit information systems and explore using alternative data in credit assessments.
Tanzania Khamis Mussa Omar Parliament bunge
Read More

Tanzania Tables Bill to Let Banks Accept Movable Assets as Loan Collateral, Targets 50% Credit-to-GDP by 2030

Tanzania's Minister for Finance, Ambassador Khamis Mussa Omar, tabled a Bill in the National Assembly in Dodoma that would let banks accept movable assets as loan collateral, creating a legal framework for registering, managing and enforcing such security interests instead of relying predominantly on land and buildings. The Bill targets an increase in private sector credit-to-GDP from 22.5% in 2024 to 50% by 2030, banking service usage from 22% in 2023 to 50% by 2030, and the financial sector's contribution to economic activity from 17.1% in 2024 to 20% by 2030.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free