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Mucoba Bank Plc (Tanzania)

Main Activities: Commercial Banking
Full name: Mucoba Bank Plc Profile Updated: March 13, 2024
Buy our report for this company USD 19.99 Most recent financial data: 2020 Available in: English Download a sample report

Mucoba Bank Plc is a community bank located in Iringa, Tanzania. It was established in December 1998 under Companies Ordinance (Cap 212) with Registration No. 35471. In May 1999, Mucoba Bank Plc became the first community bank in Tanzania to receive a license from the Bank of Tanzania (BOT) to conduct banking operations, with license No. MFI A 00001. The bank offers loans, savings, and other financial services to entrepreneurs, farmers, and employees in the Mufindi District. It was formed based on the success of a revolving fund established by the Mufindi Education Trust (MET) in 1996, which provided credit facilities to its workers and later extended its services to others in the district. Mucoba Bank Plc started its operations to the public in June 1999.

Headquarters
Mafinga Town, Iringa/Mbeya Road, P.O.Box 147, Mafinga
Iringa; Iringa;

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Website: http://www.mucobatz.com

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1998
Key Executives
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Chairman
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Vice Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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16.36%
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13.65%
Company Performance
Financial values in the chart are available after Mucoba Bank Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TZS. Absolute financial data is included in the purchased report.
Net interest income
9.02%
Operating profit (EBIT)
39.25%
Net Profit (Loss) for the Period
75.06%
Total assets
36.43%
Total equity
N/A
Total Assets Trend
31%
Net Interest Income Trend
7.13%
Loans to Deposits Ratio
16.56%
Loans to Asset Ratio
-4.48%

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