Tanzania Banking Survey 2011 - Tanzania Chamber of Commerce ...

nia, Zimbabwe, Kenya, Malawi and Zambia• Ms. Juliana Swai, General Manager – Operations• Mr. Anantapur Muralidhar, General Manager – Commerce• Mr. Lefani Yakobe, General Manager – Finance• Mr. Hanshell Mwansa, General Manager – ICT• Mr. Paul Mlay, Chief Internal Auditor• Mr. David Rwiza, Head of Human Resources• Ms. Mary Mbelle, Head of Marketing and Communications• Mr. Abel Tuntufye, Head of Risk and Compliance• Mr. Ayoub Omary, Acting Company SecretarySelected Financial TrendsWith the exception of Q4 2007, ACB’s quarterly net incomehas been positive since 2006. Net interest income growth acceleratedfrom TZS 2.2 billion in Q4 2009 to reach just underTZS 3.0 billion a year later. Non-interest income tripled fromTZS 0.48 billion to TZS 1.43 billion in 2010.In the past 20 quarters, ACB’s deposits and loans haveshown steady growth. Deposits expanded 2.6 times fromTZS 28.4 billion to TZS 74.6 billion, while lending expanded2.9 times from TZS 16.6 billion to TZS 47.8 billion. Non-performingloans have stayed within a 5-10% range during theperiod from Q3 2006 to Q4 2010.The structure of ACB’s shareholder funds seems to reveala significant amount of investor and regulatory activity onthe bank’s capital structure. The amount of paid-up share capitalstarted at TZS 2.79 billion in 2006, increased to a peak ofTZS 9.57 billion in Q3 2008, before reducing to TZS 8.1 billionin Q2 2009. The share premium was a significant proportionof ACB’s capital structure in 2006, and between Q1 2008 to Q22009. Capital and regulatory reserves have taken on significantimportance in the five quarters from Q3 2009 to Q4 2010.26 Serengeti Advisers