TMRC Bond Issuance for Primary Mortgage Lenders

TLDR

• In year 2022, TMRC managed to record another commanding profit before tax on account of maintaining a good investment portfolio and effective cost management.
• TMRC balance sheet size grew during the year from TZS 198.6 billion recorded in previous year to TZS 221.7 billion, an increase of 11.61%.
• In addition, bond issuance long term line of credit will continue to be the source of further TMRC lending to Primary Mortgage Lenders (PMLs) which continue to offer mortgages to their clients.