 |
| Akiba
Comercial Bank's Acting Managing Director, Juliana Swai (right) speaks
to reporters at a press conference in Dar es Salaam yesterday. She is
flanked by the Bank's Head of Marketing & Communications, Dora
Saria. |
Dar es Salaam
- Akiba Commercial Bank (ACB) has received Sh17 billion in strategic
investments from the National Bank of Malawi (NBM) in a merger that was
concluded February 2021.
Through the investment, Akiba Commercial
Bank has strengthened its capital base to meet requirements of the Bank
of Tanzania required for operations of commercial banks in the country.
Addressing
reporters at a press conference yesterday, Akiba Comercial Bank's
Acting Managing Director, Juliana Swai said the merger aimed at
strengthening the bank’s capital as required by the Bank of Tanzania.
“Akiba
Commercial Bank has been looking at the market demands as well as a
strategic investor or shareholder in order to strengthen the bank and
improve its services as well as starting more other services required in
the country’s market,” she said.
She pledged major and positive
changes in services delivery as well as systems of services delivery,
saying customers will be serviced with the highest integrity and
professionalism based on the experience from both institutions.
“We
also understand the bilateral relations between the two countries in
various areas including trade and creating an enabling environment for
trade prosperity through easy access of financial services.
0 comments:
Post a Comment