Ms Edwina Lupembe the Managing
Director of Mkombozi Commercial Bank Plc giving her remarks during
Mkombozi Bank branch launch in Mwanza
By Evodius Joseph
Mkombozi Commercial Bank PLC is expecting to open a new branch by April this year at Msimbazi center in Dar es Salaam which will attract 12 new employments.
Mkombozi Commercial Bank PLC is expecting to open a new branch by April this year at Msimbazi center in Dar es Salaam which will attract 12 new employments.
“Currently engineers and technicians are
at final stages of rehabilitating the building which will be used for
banking services,” its Managing Director Edwina Lupembe revealed during
an interview with Corporate Digest.
“We have three branches approved to commence business by Bank of Tanzania including Mwanza Branch, Msimbazi and Kariakoo branch,” she added.
“We expect by the end of August this year to have the Kariakoo branch operational while preparing to enter Moshi though this is subject to approval from BoT," she added.
“We have three branches approved to commence business by Bank of Tanzania including Mwanza Branch, Msimbazi and Kariakoo branch,” she added.
“We expect by the end of August this year to have the Kariakoo branch operational while preparing to enter Moshi though this is subject to approval from BoT," she added.
“We decided to join forces with Umoja
Switch consortium which has ATM outlets all over the country to
increment of outreach which involves more than 21 banks with many
branches including Community banks,” she added.
She also added that the bank from its name “Mkombozi” main intention is to support all people without discrimination, citing that her bank allows a common people to open a new accounts at the expense of Tsh 15,000/= for saving account.
She also added that the bank from its name “Mkombozi” main intention is to support all people without discrimination, citing that her bank allows a common people to open a new accounts at the expense of Tsh 15,000/= for saving account.
She added that her bank is at good
position in terms of assets whereby its deposits rose from 16.4Bl in
2010 to Tsh 21.9BL as at 2011 December.
Shareholder Equity (Capital) made a rise from Tsh8.1B in December 2010 to Tsh10.1B by December 2011 and got a credit jump from Tsh6.6B to Tsh11.4B while its total assets rose from Tsh25.1B to Tsh33.B for 2011.
Shareholder Equity (Capital) made a rise from Tsh8.1B in December 2010 to Tsh10.1B by December 2011 and got a credit jump from Tsh6.6B to Tsh11.4B while its total assets rose from Tsh25.1B to Tsh33.B for 2011.
“We invite people to come open an
account with us because Mkombozi Bank is growing tremendously and in few
years to come we will be one of the most leading commercial banks in
the industry” she projected.
We are also asking the Tanzanian public
to buy shares which are available in all our branches at Tshs 1000 so
that we can raise more capital for our operations in the country.Mkombozi targets small and medium sized entrepreneurs, companies, SACCOS, social enterprises such as schools, universities and corporations
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