DIVIDEND DAY 2024: TCB’s recognised for pioneering rapid transformation

  • The bank has announced a 10.7bn/- profit after tax

DAR ES SALAAM: Tanzania Commercial Bank (TCB) has been recognised and awarded, for pioneering rapid transformation as reflected in its Q1 financial performance.

The bank has announced a 10.7bn/- profit after tax.

The recognition was made during the payout of dividends to the government event that was held at State House, Dar es Salaam where President Samia Suluhu Hassan was receiving dividends and contributions from public institutions and companies in which the government is a shareholder.

The government received a whopping 637bn/- as dividends and contributions from public institutions and companies.

Also read: Samia stresses reforms 

Of this, 279bn/- came from commercial enterprises, while the remaining 358bn were contributions from other public institutions.

Treasury Registrar (TR) Nehemia Mchechu stated that the funds were collected from July 2023 to May 2024, with a total of 850bn/- expected to be collected by the end of this month.

The CEO of TCB, Mr Adam Mihayo affirmed saying, “As TCB Bank we are grateful to the office of the Treasury Registrar for giving us an opportunity to participate and witness this fundamental event, hence fuelling us to further propel our transformation journey as we seek to be the leading bank through understanding the needs of Tanzanians.

He continued to state that, “Our steady growth is fuelled by our unwavering commitment to excellence and our relentless pursuit of customer satisfaction.

As we continue on this trajectory of success, we remain dedicated to delivering innovative tailored financial solutions that foster economic growth and overall prosperity of our people.”

Commenting during the event, The Treasury Registrar (TR) Nehemia Mchechu urged that “Institutions that owe money, those who have made partial payments, and those who have not contributed at all should ensure that they complete their payments for this fiscal year.

“Contributing to the government is not a matter of volunteerism or charity; it is a mandatory obligation.”

According to TR, a total of 145 organizations have contributed during this period therefore marking an increase from the 109 that contributed last year.


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