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

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capital <strong>of</strong> TZS 6.5 billion. In 2009, TZS 3.5 billion <strong>of</strong> sharecapital was injected and TZS 210 million was capitalized asretained earnings. The pr<strong>of</strong>it performance for the first threequarters <strong>of</strong> that year are reflected in the declining proportion<strong>of</strong> paid up capital in shareholders funds. In Q1 2010, afurther TZS 232 million in pr<strong>of</strong>its was capitalized as retainedearnings and by Q4, pr<strong>of</strong>its made up almost 9% <strong>of</strong> the bank’sshareholders funds.38 Serengeti Advisers

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