Merger lifts Azania Bank to top mortgage lender

Azania Bank’s CEO Charles Itembe, (left) addresses the bank’s stakeholders at the previous Azania Bank’s General Meeting in Dar es Salaam.

photo | FILE

What you need to know:

Azania bank Limited has jumped on top of the list of mortgage lenders in Tanzania following its merger with Bank M Tanzania. The bank now holds 22 per cent of the mortgage lending market share with a combined portfolio of Sh78 billion.