Tanzania, Dec. 7 -- Five commercial banks played a key role in boosting housing loans in the third quarter of 2022 as the value of the outstanding mortgage debt gained by nearly Sh13 billion.

The total outstanding mortgage loans stood at Sh522.9 billion by the end of September this year.

This signals a 2.5 percent quarterly growth compared to Sh509.99 billion ($220.23 million) reported on June 30, 2022, available data shows.

Data from the Bank of Tanzania (BoT) shows that in the quarter to September 2022, for the purposes of residential housing, KCB Bank Plc led the list of lenders that had disbursed the highest amount of mortgage loans.

The lender disbursed Sh5.75 billion, raising its total mortgage debt outstanding to Sh21.03 billio...