MAENDELEO BANK PLC (MBP) — FY 2016
Earnings report for MAENDELEO BANK PLC (MBP) for FY 2016 (iliyotolewa 1 Apr 2017). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net profit after tax for the year was TZS 554,541 thousand (2015: TZS 177,792 thousand).
- Total assets as at 31 December 2016 stood at TZS 41,679,701 thousand (2015: TZS 54,505,968 thousand).
- Loans and advances to customers increased by 42% to TZS 24,913,340 thousand (2015: TZS 17,714,204 thousand).
- Customer deposits were TZS 32,451,131 thousand as at 31 December 2016 (2015: TZS 48,722,834 thousand).
- Return on equity increased to 7.61% for 2016 (2015: 3.53%).
- Cost to income ratio improved to 83.00% for 2016 (2015: 91.00%).