Key Figures

2018 Key figures (Amounts in TZS"000")

 

Activity

  2017 2018

Variation  

Deposits   369,368 333,238 -10%
Loans 300,713 265,339 -12%
Number of branches at the end of the financial year 26 26 0%

 

Structure

  2017 2018

Variation 

Total Assets   557,683 459,307 -18%
Shareholders’ equity 72,622 63,008 -13%
Number of employees 321 336 5%

Capital Adequacy Ratio

  2017 2018  Variation 
Tier 1   54,881 47,295 -14%
Tier 2 2,808 2,457 -13%
Risk Weighted Asset (RWA 365,257 343,121 -6%
Tier 1 + Tier 2 / RWA (%) 15.8% 14.5%  

Income

  2017 2018

Variation 

Net operating income 51,076 47,644 -7%
Operating expenses -37,966 -40,453 7%
Gross operating profit 13,110 7,191 -45%
Cost of risk (in value) (**) -8,258 -15,586 89%
Net income 3,197 -6,107 -291%
Operating ratio (%) -74.3% -84.9%  
Cost of risk (%) -2.6% -5.5%  
Return on Assets (ROA %) 0.6% -1.2%  
Return on Equity (ROE %) 4.4% -9.0%  

(*) Including general provision

Annual Report

2017 FINANCIAL STATEMENT

BANK OF AFRICA - TANZANIA (BOA-TANZANIA) performance for 2017 showed mixed results in differentaspects. During the year ended 31 December 2017, BANK OF AFRICA - TANZANIA Limited recorded a pre-tax profit of TZS 4.9 billion (2016: TZS 5.6 billion) Profit after tax (PAT) decreased by 28% from TZS 3.7 billion to TZS 3.1 billion. The 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. 

The ratio of non-performing loans to gross loans increased from 4.96% at the end of prior year to 11.0% at the end of the reporting period. This ratio is lower than the industry average ratio of 12.5%. The credit selection, appraisal and approval processes, complemented by strong relationships with customers have ensured that potential credit delinquencies are identified and managed at an early stage. This arrangement has proved to be beneficial to the Bank and its customers.