Tanzania, May 1 -- Dar es Salaam. The Cooperative Bank (Coop Bank) has disbursed more than Sh101 billion in loans within its first year of operations, positioning itself as a key player in advancing an inclusive economy.

The bank said the milestone forms part of its 2026-2030 strategy aimed at expanding access to financial services, particularly among underserved groups.

Data released yesterday shows that the bank's loan portfolio has grown to Sh101.02 billion, up from Sh16 billion at its launch in April last year, an increase of 506 per cent. The lender was officially launched by President Samia Suluhu Hassan in Dodoma.

Speaking to journalists in Dar es Salaam, managing director and chief executive officer Mr Godfrey Ng'urah said the ...