MWALIMU COMMERCIAL BANK PLC (MCB) — FY 2019
Earnings report for MWALIMU COMMERCIAL BANK PLC (MCB) for FY 2019 (iliyotolewa 31 Mar 2020). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net loss of TZS 4,826 million for the year (2018: TZS 5,503 million loss).
- Total assets decreased by 3% to TZS 29,848 million (2018: TZS 30,695 million).
- Deposits from customers increased to TZS 11,073 million (2018: TZS 7,948 million).
- Loan to deposit ratio stood at 145.48% as at 31 December 2019 (2018: 225.00%).
- Total operating expenses decreased by 11% to TZS 7,360 million (2018: TZS 8,302 million).
- Tier 1 Capital ratio was 74% (2018: 64%).