MERGER LIFTS AZANIA BANK TO TOP MORTGAGE LENDER

Azania Bank’s CEO Charles Itembe, (left) addresses the bank’s stakeholders at the previous Azania Bank’s General Meeting in Dar es Salaam.

Azania Bank Limited has jumped on top of the list of mortgage lenders in Tanzania following its merger with Bank M Tanzania. The bank now holds 22 per cent of the mortgage lending market share with a combined portfolio of Sh78 billion.

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