Tanzania banking sector sound, stable

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By Mnaku Mbani
The banking sector remained sound, stable and profitable with levels of capital and liquidity above regulatory requirements.The Monetary Policy Statement for February 2017 published today by the Bank of Tanzania has shown that the ratio of core capital to total risk weighted assets and off-balance sheet exposures was 17.8 percent at the end of December 2016, above the minimum legal requirement of 10 percent.

In the same period, the ratio of liquid assets to demand liabilities stood at 42.4 percent, above the minimum regulatory requirement of 20 percent.
The quality of the banking sector’s assets deteriorated as reflected by the ratio of non-performing loans to gross loans, which increased to 9.5 percent from 6.4 percent recorded at the end of December 2015.



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