Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. We operate 24 hours a day, 365 days a year with complete context, perspective and precision.
Wednesday, 3 June 2020
TPB BANK PLC JOINS SH1 TRILLION CLUB AFTER TIB CORPORATE BANK MERGER
TPB Bank Plc has joined the elite group of first-tier banks in Tanzania after the value of its assets crossed the Sh1 trillion mark following the lender's acquisition of assets and liabilities of TIB Corporate Bank.
The Government officially announced in Dodoma that TPB Bank Plc was officially acquiring all assets of and liabilities of TIB Corporate Bank, in a deliberate move to improve performance of public institutions.
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