Dar es Salaam, April 12 -- TANZANIA: TANZANIA Agricultural Development Bank Limiteds (TADB) profit increased by 21 per cent in the year ended December last year on account of increased net interest income.

According to the banks statement, net profit increased to 13.5bn/- from 11.1bn/- reported in the preceding year.

According to the statement, the loan portfolio of the bank increased by 25.3 per cent to 330.7bn/- from 263.8bn/- recorded in the prior year. In addition, the statement showed TADBs non-interest income increased by 90 per cent, thanks to foreign currency dealings and translation gains.

The banks foreign currency dealings and translation gains increased to 350m/- from 309m/- registered in a prior year, equivalent to 13.2 pe...