COMMERCIAL BANK OF AFRICA GIVES SH25 BILLION MORTGAGE LOANS IN TANZANIA

CBA's acting CEO, Mr Julius Mcharo speaks to reporters in Dar es Salaam.

Dar es Salaam. Sh25 billion has been offered to Tanzanians as mortgage loans by Commercial Bank of Africa (CBA) since 2007.

The bank’s acting chief executive officer, Mr Julius Mcharo told reporters during the opening of a Customer Service Week which the bank has started commemorating on Monday that the bank was the first bank to offer large amounts of mortgage loans in the country.

The lender was this year recognised by the Bank of Tanzania as among the top three commercial banks offering big mortgage loans in the country.

He added that this year’s Customer Service Week was meant to listen to the clientele and hear what they intend to get from the bank.

“We are celebrating this week in all our banks in the world and here in Tanzania we intend to hear what our customers need us to offer them” he said.

 In June this year the bank signed a pact with Vodacom dubbed M-Pawa, where over 700,000 Tanzanians have subscribed just five months since the service was launched.

 CBA is a member of the Commercial Bank of Africa Group, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania and Zimbabwe.