It has been a little over four weeks since SAL launched the 2011 Tanzania Banking Survey. Here is a little snapshot of how the survey was received in the media. The Sunday Citizen, in its coverage of the report, attempted to juxtapose SAL’s survey with the recently released Bank of Tanzania’s (BoT) banking sector report: [...]
Tanzania Banking Survey 2011
March 18, 2011
The size of Tanzania’s banking sector tripled between 2006 and 2010, to TZS 15.3 trillion. Lending to business expanded to absorb 48% of deposits. Government borrowing shrank from 28% to 19% of deposits. The banks achieved their highest profits (TZS 86 billion) in the last quarter of 2008, at a time when the global financial [...]