TZS 41.1 Billion Loan Distribution by TMRC to Member Banks for Mortgage Lending

TLDR

• Tanzania Mortgage Refinance Company Limited (TMRC) has lent out Tshs 41.1 billion to its member banks for mortgage lending.
• Today, there are 12 banks offering mortgage loans compared to 3 banks just 3 years ago,” said Mr.
• The 14 TMRC shareholding institutions are National Microfinance Bank (NMB), CRDB Bank Plc., National Bank of Commerce (NBC), EXIM Bank, Azania Bank, Tanzania Investment Bank (TIB), DCB Commercial Bank Plc., NIC Bank.
• To-date, seven member banks namely Azania Bank, Bank of Africa, EXIM Bank, DCB Commercial Bank, CRDB, I&M Bank and BancABC have borrowed from TMRC,” the TMRC Chief Executive Officer, Mr.
• These banks which are also shareholders for the Tanzania Mortgage Refinance Company Limited (TMRC) seek to make mortgaging easy, a move meant to help the country’s citizens build and own affordable and decent housing.