Dar es Salaam, April 9 -- TANZANIA: AZANIA Banks net profit increased by 55 per cent at the end of December last year, attributed to increased net interest income.

According to the banks financial statement, net profit increased to 29.2bn/- compared to 18.8bn/- posted in a similar period of the preceding year. The lender, in the club of the elite banks with over 2.1tri/- assets, registered positive results due to the strong growth in net interest income.

The net interest income, the report showed, has increased by 30.8 per cent to 100.5bn/- from 76.8bn/- registered in the prior year. The statement showed the increase in the net interest income was pushed up by the loans book that lent some 1.62tri/- until last December against 953.2bn/-...