MUCOBA Bank PLC (MUCOBA) — FY 2023
Earnings report for MUCOBA Bank PLC (MUCOBA) for FY 2023 (iliyotolewa 18 Jan 2025). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net loss after tax of TZS 395 million in FY 2023, reversing a profit of TZS 181 million in FY 2022.
- Total assets stood at TZS 21,081 million as of 31 Dec 2023, down from TZS 22,538 million in the prior year.
- Customer deposits decreased to TZS 13,304 million as of 31 Dec 2023 from TZS 14,060 million as of 31 Dec 2022.
- Net interest income was TZS 1,700 million in FY 2023, a decrease from TZS 2,280 million in FY 2022.
- Non-Performing Loans to Gross Loans Ratio rose to 10.30% in FY 2023 from 9.87% in FY 2022.