Tanzania's mid-sized banks' first quarter profits jump
Published on: Tuesday 09 May 2023
Dar es Salaam. Tanzania mid-sized banks have reported stellar performance in the first quarter of the year 2023, with profits rising by more than 126 percent.Analysed banks - which have asset values below Sh1 trillion but above the Sh100 billion in value - indicated a sharp increase in profits compared to the numbers recorded during the same period in 2022.The surge in profits is attributed to several factors, including implementing cost-cutting...
News source: https://www.msn.com/en-xl/africa/other/tanzania-s-mid-sized-banks-first-quarter-profits-jump/ar-AA1aZzvl
