Bank M posts 75% increase in Profits
Bank M (Tanzania) Limited has reported a huge pre-tax profit increase of 75 per cent for the six month period ended June, 2011, growing to TZS 2.83 Bln., as compared to TZS 1.61 Bln. for the corresponding period ended June 2010. The bank mainly attributed the increase in profitability to the growth in loan assets from TZS 98.87 Bln….