An analysis of financial statements of commercial banks that have released their financial statements as of yesterday shows that over Sh1.164 trillion was garnered in net profits last year. PHOTO | COURTESY
Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Banks operating in Tanzania grew their assets by Sh6.96 trillion last year, demonstrating resilience and adaptability in the changing economic landscape.
An analysis of 27 commercial banks shows that their total assets increased to Sh51.22 trillion in 2023 from Sh44.26 trillion recorded in 2022.
