BANK M, a local young bank,
yesterday marked the tenth anniversary of which it managed to post profit
increase throughout those years.
On top of that, the
bank crossed a 1.0tri/- assets line last year, which took other star-up banks
an average of 17 years, according to the bank.
Bank
M’s CEO Jacqueline Woiso said that the bank’s growth has been tremendous
including surpassing 1.0tri/- assets mark 9th year of operations. “It is not
only the numbers which we are celebrating, but it’s the tremendous achievements
which are evidently seen for the past 10 years.
“Considering
the bank’s overwhelming in different aspects being in technology, service
delivery, profitability as well as corporate social responsibility,” said
Jacqueline.
Bank
M has been growing steadily over the past 10 years of operation to attain a
high benchmark in performance including turning profitable in the second year
of its operations.
“We
became the first bank in Tanzania to operate from 8am to 8pm and from Sunday to
Sunday,” Ms Jacqueline said.
The
bank has contributed substantially in supporting community development
activities through their Corporate Social Initiative—Money@ heart engaging with
high calibre partners in facilitating various projects in health, education,
water and sanitation, environment conservation and promotion of local artists
and entrepreneurs.
Bank
M has four branches, two in Dar es Salaam, one each in Arusha and Mwanza.
It
has received several internationally recognition and awards from the highly
reputable organizations.
Some
of the awards are Commercial Bank of the Year-Tanzania for 2015 presented at
the London Stock Exchange, the Best Corporate Bank in East Africa, the Best
Community Development Bank in East Africa and recently the Best Corporate
Bank-Tanzania and the Best Customer Service-Tanzania by Banker Africa.
“We
are still determined to take this forward and continue to position our bank as
a brand to reckon with,” attributed Ms Jacqueline
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