TCB RECOGNIZED AND AWARDED DURING THE PAYOUT OF DIVIDENDS TO GOVERNMENT EVENT, FOR PIONEERING RAPID TRANSFORMATION AS REFLECTED IN ITS Q1 FINANCIAL PERFOMANCE.

Tanzania Commercial bank was today recognized and awarded, for pioneering rapid transformation as reflected in its Q1 financial performance, where the bank announced a TZS. 10.7 billion profit after tax.

The recognition was made during the payout of dividends to the government event that was held at StateHouse, Dar es salaam where Her Excellency President Doctor 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.

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.” He continued to state that “145 organizational have contributed during this period therefore marking an increase from the 109 that contributed last year”