Key Figures

2015 Key figures (Amounts in TZS"000")

Activity

  2015

Yearly Growth % (*)

Deposits   350,714,452 12.20
Loans 307,101,405 12.36
Number of branches at the end of the financial year 23 9.52

 

Structure

  2015

Yearly Growth % (*)

Total Assets    575,340,447 16.13
Shareholders’ equity    68,318,545 28.62
Average number of employees 289 15.14

Capital Adequacy Ratio

  2015

Yearly Growth % (*)

Tier 1      56,924,343 -
Tier 2   Tier 2 -
Risk Weighted Asset (RWA 291,169,760 -
Tier 1 + Tier 2 / RWA (%) 21.5 -

Income

  2015

Yearly Growth % (*)

Net operating income  43,348,624 19.5
Operating expenses   (33,660,887) 18.2
Gross operating profit      7,447,076 29.4
Cost of risk (in value) (**)     (2,240,661) 10.5
Net income 5,101,490 28.8
Operating ratio (%) 77.7  -0.80
Cost of risk (%) -0.8 0
Return on Assets (ROA %) 0.9 0.1
Return on Equity (ROE %) 8.4 0

 

(*) Yearly Growth 2015-2014

(**) Including general provision

Annual Report

2015 FINANCIAL STATEMENT

BANK OF AFRICA in Tanzania performance marked improvement over previous year. PBT rose by 29% to TZS
7.4 billion (2014: TZS 5.8 billion).
Net operating income increased by 20% to TZS 43.3 billion, driven by interest income growth, whereby net
interest income grew by 33% to TZS 28.3 billion (2014: TZS 21.3). The Bank’s net loan book grew by 12% to
TZS 307 billion while the total balance sheet grew by 16% to TZS 575 billion. Customers’ deposits for the Bank
stood at TZS 351 billion as at 31 December 2015, being a growth of 12% over the previous year.