Key Figures

2016 Key figures (Amounts in TZS"000")

Activity

  2015 2016

Yearly Growth  

Deposits   350,714,452 393 635 021 12.2%
Loans 307,101,405 324 870 221 5.8%
Number of branches at the end of the financial year 23 27 17.4%

 

Structure

  2015 2016

Yearly Growth 

Total Assets    575,340,447 628 876 664 9.3%
Shareholders’ equity    68,318,545 72 006 479 5.4%
Average number of employees 289 309 -10.7%

Capital Adequacy Ratio

  2015 2016

Yearly Growth 

Tier 1      56,924,343 60 667 591  
Tier 2   Tier 2 4 306 078  
Risk Weighted Asset (RWA 291,169,760 400 611 723  
Tier 1 + Tier 2 / RWA (%) 21.5 16.2%  

Income

  2015 2016

Yearly Growth 

Net operating income  43,348,624 46 483 954 7.2%
Operating expenses   (33,660,887) 36 251 527 7.7%
Gross operating profit      7,447,076 10 232 428 5.6%
Cost of risk (in value) (**)     (2,240,661) 4 615 945 106.0%
Net income 5,101,490 3 687 933 -27.7%
Operating ratio (%) 77.7  78.0  
Cost of risk (%) -0.8 1.5%  
Return on Assets (ROA %) 0.9 0.6%  
Return on Equity (ROE %) 8.4 5.3%  

(*) Including general provision

Annual Report

2016 FINANCIAL STATEMENTS

BANK OF AFRICA – TANZANIA (BOA–TANZANIA) performance for 2016 showed mixed results. Profit after tax (PAT) decreased by 28% from TZS 5.1 billion to TZS 3.7 billion. This decline was attributed to the
challenging business environment across the Tanzania banking industry which notably affected our foreign exchange trading income and increased our cost of risk by almost twofold.