DAR ES SALAAM, July 22 -- THE financial sector remained stable and resilient, with all indicators within desirable thresholds, the Central Bank has said.
According to the Bank of Tanzanias July Monetary Policy Statement, the banking sector, which is the largest part of the financial sector, was well-capitalised, liquid and profitable, leveraging technology for service delivery.
The core capital adequacy ratio was 20.2 per cent, above the minimum regulatory requirement of 10 per cent.
The quality of banks assets improved, with the nonperforming loans (NPL) ratio falling to 3.5 per cent in April from 4.1 per cent in June last year, below the 5 per cent tolerable threshold.
This decline is expected to continue, boosting private sector le...
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