DCB Commercial Bank clears loss of Sh6.9bn

DCB Plc Finance chief Zacharia Kapama (second left), announces the bank’s financial performance for 2018 in Dar es Salaam yesterday. Others from left are DCB head of Marketing and Customer Service Rahma Ngassa, chief manager- Commercial James Ngaluko (second right). PHOTO|COURTESY DCB 

In Summary

The DCB Commercial bank has managed to clear Sh6.9 billion losses recorded in 2017 by reporting a gross profit amounting Sh1.9 billion in 2018, due to cost cutting, digitalization of services and improved efficiency measures.

By Mnaku Mbani @mnaku28 mmbani@tz.nationmedia.com

The Dar es Salaam. Dar es Salaam Stock Exchange-listed DCB Commercial Bank has cleared its debt, after posting a profit in 2018, thanks to cost-cutting measures, digitalisation of services and