TMRC Net Interest Income Increase to TZS 7.05 Billion in 2021

TLDR

• The Company recorded a Profit Before Tax of TZS 2.30 billion (2020: TZS 2.76 billion).
• During the year, net interest income increased from TZS 6.96 billion in the prior year to TZS 7.05 billion, an increase of 1.3%.
• TMRC balance sheet size grew during the year from TZS 187.6 billion recorded in previous year to TZS 198.6 billion, an increase of 5.9% mainly due to successful public issuance of TMRC Medium Term Note (MTN) tranche 3.
• During 2021, TMRC managed to record another commanding profit before tax on account of maintaining a good investment portfolio and effective cost management.