MWALIMU COMMERCIAL BANK PLC (MCB) — FY 2018
Earnings report for MWALIMU COMMERCIAL BANK PLC (MCB) for FY 2018 (iliyotolewa 1 Apr 2019). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net comprehensive loss for the year increased to TZS 5,528,423 thousand in FY 2018 from TZS 4,067,138 thousand in FY 2017.
- Total assets decreased by 18.79% to TZS 30,694,501 thousand as at 31 December 2018 (2017: TZS 37,796,434 thousand).
- Total loans and advances to customers increased by 60% to TZS 17,885,548 thousand in FY 2018 (2017: TZS 11,194,713 thousand).
- Deposits from customers increased by 45% to TZS 7,948,974 thousand in FY 2018 (2017: TZS 5,477,827 thousand).
- Loan to deposit ratio stood at 225% in FY 2018 (2017: 112%).
- Basic and diluted loss per share was TZS (89.42) for FY 2018 (2017: TZS (65.78)).