JIMMY LWANGILI
DCB Commercial Bank
PLC has made a 1bn/- profit in the half of this year ended in June
double the amount made in the corresponding period last year. The bank
made 485m/- profit in the first six months of last year.
The Bank’s Chief Finance Officer, Mr
Zacharia Kapama told reporters in Dar es Salaam yesterday that the
profit was made due to the improvement of working situations in the
bank. According to him, either the profit increase is due to the
strengthening of incomes made by interests and non-interests income.
He mentioned other factor for profit
increase including the emphasis on banks in affordable deposits,
efficient balance management, the growth of the digital banking system
as well as opening of branches and service centres.
“The bank has succeeded in raising the
mortgage rate within the period of six months in this year compared to
last year. The effectiveness of this bank has grown mainly in managing
uses of interest and non-interest,” he said.
Mr Kapama said in service provision the
bank has successfully increased number of customers to 191,133 in a half
of this year ended in June, from number of 188,305 customers of a half
period of year ended in December last year.
A total of 2,828 customers have increased
and helped the bank to strengthen its income through the increase of
permanent deposit and loans provision, he said. He said loans of 100 per
cent for customers have increased to 93.7bn/- to June this year, from
88.7bn/- available up to December last year.
The bank lowered non performing loans to
17.7 per cent in the period of half year ended in June this year from
18.8 per cent recorded in December last year.
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