EXIM BANK HITS A PRE-TAX PROFIT OF TZS 83.6 BILLION

Exim Bank Tanzania Chief Financial Officer, Mr Selemani Ponda (centre), addresses reporters at a media conference in Dar es Salaam yesterday, where he told them that Exim Bank Group has achieved a pre-tax profit of TZS 83.6 Billion for the year 2016. The Group recorded a 25% growth in net interest income, fueled by asset book growth, better yields and reduction in cost of funds. On his right is Senior Finance Manager, Joseph Mrawa and on his left are, Deputy Finance Officer, Issa Hamisi and Marketing Manager, Abdulrahman Nkondo.