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

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.