Depositors now shift to public banks following BoT closures
Prime minister Kassim Majaliwa (left) speaks to entrepreneurs, who were financed by the Covenant Bank for Women (T) Ltd during his visit to the bank’s tent at a past Tanzania Federation of Cooperatives (TFC) exhibition. PHOTO | FILE
What you need to know:
Speaking to The Citizen on Thursday, different depositors who approached covenant bank for women seeking their insured amount following the revocation of the banks’ license on January 4, this year, revealed that they had made the move to safeguard their finances.
