MUCOBA Bank PLC (MUCOBA) — FY 2018
Earnings report for MUCOBA Bank PLC (MUCOBA) for FY 2018 (iliyotolewa 4 Nov 2019). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Profit before tax for FY2018 was TZS 1.33 million, a 99.70% decrease from TZS 449.63 million in FY2017.
- Net profit after tax (Total Comprehensive Income) for FY2018 was TZS 0.93 million, significantly down from TZS 314.74 million in FY2017.
- Total deposits decreased by 11.38% to TZS 12.92 billion in FY2018 from TZS 14.58 billion in FY2017.
- Loan portfolio decreased by 10.45% to TZS 8.74 billion in FY2018 from TZS 9.76 billion in FY2017.
- Total assets stood at TZS 15.92 billion as of December 31, 2018, compared to TZS 21.37 billion in the previous year.
- The Bank's core capital was TZS (4.14) billion as of December 31, 2018, which is below the minimum capital requirement of TZS 2.00 billion.