The Latest

Mkombozi Commercial Bank 2015 Results Show 9% Interest Income Growth

February 1, 2016
1 minute read
mkombozi-commercial-bank-tanzania-mkcb-logo1

Mkombozi Commercial Bank (DSE: MKCB) has recently published is financial results for the quarter ended on 31 December 2015, showing a growth of 9. 1% of its Net Interest Income in 2015 with TZS 10,179 million compared to TZS 9,238 million in 2014.

This is mostly due the improvement in lending portfolio loans, explains Mkombozi CEO Mrs. Edwina Lupembe, increasing from TZS 50.8 billion in Q3 2015 to TZS 63.4 billion in Q4 2015, representing a growth of 24.8%.

Mkombozi bank has also increased the number of branches throughout Tanzania in 2015, reaching six with the latest additions of Moshi in August and Bukoba in December.

Tanzania Investment Guide 2026 Free Edition

The bank closed 2015 with a net income after tax of TZS 618 million.

Mkombozi-commercial-bank-mkcb-results-q4-2015-1

Click here to download Mkombozi results for q4 2015: Mkombozi-commercial-bank-mkcb-results-q4-2015

Mkombozi Commercial Bank Plc (MKCB) started as an initiative of the Tanzania Epscicopal Coference to establish a commercial bank with the main objective of serving and supporting the emerging Tanzanian businesses for provision of financial services.

The bank listed at Dar Es Salaaam Stock Exchange (DSE) – Enterprise Growth Market – in Decembre 2014.

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
Free Newsletter

Get our monthly update on business and investment in Tanzania.

Tweet
Share
Share
Share
Related Posts
Central Bank of Tanzania BOT CBR Interest Rate Q4 2026
Read More

BOT Maintains Tanzania Central Bank Rate at 6.25% for Q4 2026; GDP Growth Projected at 7.2% in Q4 2026, Driven by Agriculture, Construction, Mining, and Tourism

The Bank of Tanzania (BOT) released its Monetary Policy Report of October 2026, in which the Monetary Policy Committee (MPC) decided to maintain the Central Bank Rate (CBR) at 6.25% for the fourth quarter of 2026, allowing the July 2026 increase to fully transmit through the economy. The MPC will keep policy agile and flexible to limit risks to the inflation outlook from the Middle East conflict and potential El Niño-related disruptions, and keep inflation within the 3-5% target range.
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.

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