Modernization of Services at Cooperative Bank Tanzania Plc through Digital Solutions
Latest Tanzania finance news · Modernization of Services at Cooperative Bank Tanzania… explained · updated Aug 19, 2026 · economy news · GDP · investment
TLDR
- Cooperative Bank Tanzania Plc disbursed over 135.7 billion TZS in loans to customers within 12 months, marking a 388% increase from 27.8 billion TZS in June 2025.
- Customer deposits grew from 53.01 billion TZS in June 2025 to 156.4 billion TZS in June 2026, a 195% increase.
- Net Interest Income rose from 1.97 billion TZS to 4.7 billion TZS during the same period.
- Shareholders’ Funds increased from 34.7 billion TZS to 46.4 billion TZS, representing a 34% growth.
- The bank expanded its branch network from four to seven outlets and increased staff numbers from 69 to 113.