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

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TZS 71.3 billion by Q4 2010. Loan expansion has been equallyrobust, increasing three-fold from TZS 9.8 billion to over TZS36 billion. The ratio of non-performing loans shows a sharpincrease to over 12% from 0% within four quarters from Q32006 to Q3 2007. Since then it has declined to 3% by Q4 2010.The structure of BoB’s shareholders funds shows abank that is posting profits and growing the share of retainedearnings in the capital structure, while that of the paid-upshare capital declines from 90% in Q1 2006 to just over 50%by Q4 2010. Shareholders have injected capital just once - inQ2 2006 - which raised the paid up capital from TZS 6.5 billionto TZS 10 billion.36 Serengeti Advisers
Asset Ranking28as of December 31 st 2010Bank of IndiaAzania TanzaniaBancorpFounded Incorporated July 16, 2007Chairperson Mr. B.A. PrabhakarChief Executive Mr. Ramesh Kadam, Chief Executive OfficerAuditorsBaker Tilly DGP and CompanyNo. of Employees 18No. of Branches 1No. of ATMs 0Web Address www.bankofindia.comShare Capital as of 31 st December 2010TZS10.00bnBank of India (BoI) opened abranch in Tanganyika in 1955.In 1967, the Government ofTanzania nationalized BoI’soperations and folded theminto the government-owned National Bankof Commerce. In 2008, BoI established asubsidiary in Dar es Salaam, marking its returnto Tanzania after 37 years.The parent company is the Bank ofIndia (BoI), which was established on 7 September1906. It was nationalized in 1969 andis one of India’s leading banks, with over3,400 branches including 29 branches outsideIndia. It is headquartered in Mumbai.Shareholders• Bank of India Mumbai (India) – 100%Board of Directors• Mr. B.A. Prabhakar, Chairperson• Mr. Hashim M. Kihwelo• Mr. Suresh Gajjar• Mr. Kothanandraman Swaminathan• Mr. M.B. Dhodia• Mr. Ramesh KadamManagement• Ramesh Kadam, Chief Executive Officer• G.V. Sridharan, Chief Manager• H.N. Ayoh, Internal Auditor. Mr. Ayoh is aCertified Public Accountant (CPA-T)Selected Financial TrendsBank of India’s net interest income has beenon a steady positive trend since Q2 2008 andreached almost TZS 400 million by Q2 2010.Non-interest income has stayed within theTZS 100–200 million range since 2009.After posting positive profits in Q1 2008,losses were experienced by Q3 and Q4 2008,and then again in Q4 2009. 2010 was a consistentlyprofitable year.Deposits have been steadily growingsince 2008, surpassing the TZS 20 billionlevel in Q3, 2010. Loans increased fromTZS 2.26 billion in Q3 2008 peaked at almostTZS 15 billion in Q1 2010. Lendingscaled back to TZS 12.5 billion by Q3 2010,before ending up at TZS 14.7 billion in Q42010. BoI’s non-performing loans ratio hasstayed below 0.2% during the entire reportingperiod.In 2008, about 96% of BoI’s shareholdersfund was made up of paid-up shareIn 2008, BoI establisheda subsidiary in Dar esSalaam, marking its returnto Tanzania after 37 yearsTanzania Banking Survey 201137
Page 4 and 5: This report’s cover is a visualis
Page 6 and 7: Serengeti Advisers LimitedSerengeti
Page 8: AcknowledgmentsSerengeti Advisers L
Page 11 and 12: Contents1 Introducing the Tanzania
Page 13 and 14: Introducing the TanzaniaBanking Sur
Page 15 and 16: PART ONEOverview of Tanzania’sban
Page 17 and 18: Tanzania’sbanking sectortrendsTan
Page 19 and 20: PART TWOMarket share overview and r
Page 21 and 22: Marketshare overviewand rankingAs t
Page 23 and 24: DepositsRank Bank TZS (million) USD
Page 25 and 26: Investment inGovernment SecuritiesR
Page 27 and 28: Net profitsRank Bank TZS (million)
Page 29 and 30: Shareholders’ Funds (capital)Rank
Page 31: Number of branchesRank Bank Number
Page 34 and 35: 22 Serengeti Advisers
Page 36 and 37: pal Investment Officer of ABT’s l
Page 38 and 39: nia, Zimbabwe, Kenya, Malawi and Za
Page 40 and 41: • Mr. T.E. Mramba, Director of Ba
Page 42 and 43: Senior Management• Mr. Israel Cha
Page 44 and 45: • Abdul Bandawe, Head of IT• Wa
Page 46 and 47: • Rose Mbonea, AGM - Audit & Inve
Page 50 and 51: capital of TZS 6.5 billion. In 2009
Page 52 and 53: Selected Financial IndicatorsBarcla
Page 54 and 55: from the previous nine quarters, Ci
Page 56 and 57: • Collins Rutenge, Head of Operat
Page 58 and 59: Selected Financial IndicatorsCRDB
Page 60 and 61: USA. He is a member of the Tanzania
Page 62 and 63: • Rajan Kollatt, Head of Risk•
Page 64 and 65: TZS 16.6 billion by Q4 2010. The ba
Page 66 and 67: is a Certified Public Accountant (C
Page 68 and 69: Loans, deposits (TZS million) and n
Page 70 and 71: illion income tax provision. In 200
Page 72 and 73: of experience in banking, holding k
Page 74 and 75: Selected Financial TrendsICB’s qu
Page 76 and 77: Senior Management• Subramanian Go
Page 78 and 79: times from TZS 1.71 billion to TZS
Page 80 and 81: • Selemani Ponda, Head of Finance
Page 82 and 83: Selected Financial TrendsKCBL’s q
Page 84 and 85: ed for around 70% of shareholders f
Page 86 and 87: • Dennis Frank Kejo, Finance Mana
Page 88 and 89: Senior Management• Danny Mpogole,
Page 90 and 91: • H.K. Kishanga, ICT Manager• F
Page 92 and 93: • Mr. Severin Ndaskoi, Head of Ri
Page 94 and 95: of Zambia National Commercial Bank
Page 96 and 97: Selected Financial TrendsNIC Bank
Page 98 and 99:
Selected Financial TrendsStanbic’
Page 100 and 101:
Selected Financial TrendsStandard C
Page 102 and 103:
• S. M. Mbuma, Chief Internal Aud
Page 104 and 105:
Selected Financial TrendsTIB’s qu
Page 106 and 107:
eraging TZS 360 million. In 2007, t
Page 108 and 109:
period. With the growth in lending,
Page 110 and 111:
while the rate of non-performing lo
Page 112 and 113:
quarterly non-interest income had i
Page 114 and 115:
UCB’s deposits have grown ten-fol
Page 116:
Selected Financial TrendsThe first
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