banking survey cover 2012 - Tanzania Chamber of Commerce ...

Total Revenue*
Industry achieves a TZS 260 billion (22%)
increase in revenue in 2011 to TZS 1.46 trillion
($926 million)
In 2011, total banking sector revenues increased by TZS 260
billion. Most of this 22% increase is the result of the increase
in interest income that is commensurate with the 28%
expansion in lending during the year.
The top ten revenue earners accounted for 80% of the
industry’s total revenue in 2011. NMB and CRDB maintained
the top two positions. FBME replaced NBC in third position,
pushing the latter down one spot to fourth.
More than 80% of the banks recorded increases in revenue
in 2011. Njombe Community Bank recorded the highest
increase, with its revenues exploding by 2,610% from just
TZS 17 million to TZS 463 million. Another small bank,
Efatha Bank saw its revenues increase by 124% while those
of Tanzania Women Bank increased by 147%. Ecobank’s
revenues grew by 104% while Mkombozi recorded a 103%
revenue expansion. Other banks that attained significant
increases in revenue were Tandahimba (80%), Mbinga
Community Bank (73%), Access Bank (62%), TIB (55%) and
Bank M (46%).
Only six banks saw their revenues slide, including Mwanga
Rural (by 34%), Kagera Farmers (13%), People’s Bank of
Zanzibar (11%), NBC (9%), Barclays (4%) and ICB (0.3%).
Rank
in 2011
Change in rank
from 2010
Bank TZS (million) USD Market share
31 Dec 2010 31 Dec 2011 31 Dec 2011 31 Dec 2011
1 National Microfinance Bank (T) Ltd Plc 201,581 267,451 169,058,786 18%
2 CRDB Bank Plc 196,249 243,483 153,908,344 17%
3 é FBME Bank (T) Ltd 113,472 151,977 96,066,372 10%
4 ê National Bank of Commerce Ltd 155,452 140,744 88,965,866 10%
5 Standard Chartered Bank (T) Ltd 75,191 99,645 62,986,726 7%
6 é Stanbic Bank (T) Ltd 54,632 76,315 48,239,570 5%
7 é Exim Bank (T) Ltd 51,533 56,442 35,677,623 4%
8 ê Barclays Bank (T) Ltd 55,513 53,213 33,636,536 4%
9 Citibank (T) Ltd 46,646 46,773 29,565,740 3%
10 é Tanzania Investment Bank 19,398 30,071 19,008,217 2%
11 ê Diamond Trust Bank (T) Ltd 20,085 26,097 16,496,207 2%
12 Tanzania Postal Bank 18,436 22,421 14,172,566 2%
13 Bank of Africa Tanzania Ltd 18,267 22,394 14,155,499 2%
14 é Bank M (T) Ltd 15,225 22,194 14,029,077 2%
15 KCB Bank Tanzania Ltd 16,030 20,659 13,058,786 1%
16 ê BancABC 18,068 20,430 12,914,033 1%
17 ê Akiba Commercial Bank 15,581 19,039 12,034,766 1%
18 é Azania Bancorp 11,212 15,756 9,959,545 1%
19 ê Commercial Bank of Africa Tanzania 14,629 15,512 9,805,310 1%
20 The People's Bank of Zanzibar Ltd 11,129 14,070 8,893,805 1%
21 Dar es Salaam Community Bank 10,736 12,510 7,907,554 1%
22 I&M Bank Tanzania Ltd 8,378 11,301 7,143,401 1%
23 NIC Bank Tanzania Ltd Bank 7,963 9,731 6,151,075 1%
26 Serengeti Advisers