TCB net profit surges by 529 per cent in Q1
Dar es Salaam, April 10 -- DAR ES SALAAM: TANZANIA Commercial Bank (TCB)s net profit has surged by 529 per cent in this years first quarter, attributed to increased revenue.
The banks robust performance revealed yesterday showed the profit after tax increased to 10.7bn/- from 1.7bn/- registered in a similar period last year.
TCBs Chief Executive Officer (CEO), Mr Adam Mihayo (pictured) said during the performance briefing of the bank organised by Treasury Registrar Office that, “The steady growth is underpinned by robust balance sheet and stable growth momentum in all revenue lines.”
He added, “It is fuelled by unwavering commitment to excellence and the relentless pursuit of customer satisfaction.”
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