Renatus Mbamilo

Ecobank Tanzania

Ecobank Tanzania is a Subsidiary of Ecobank Transnational Incorporated (ETI) a multinational bank Presentin 34 African Countries. The Bank achieved significant improvement in virtually all its financial metrics in 2012. Revenues grew by 125% to a record Tsh8.6 billion. Total loans/advances increased by 112% to an unprecedented Tsh77.4 billion in 2012 .Total deposits grew by 49% to record Tsh72.6 billion in 2012 on the back of increased mobilization from cash-in-transit collections. This largely fueled the 74% growth in the Bank's total assets to Tsh114.4 billion in 2012, another performance milestone