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Thursday, August 14, 2008

Com banks in dramatic credit shift to private sector

2008-08-14 10:42:19
By Beatrice Philemon

Commercial banks credit to the private sector has maintained high annual growth rate above 40 percent mark over the past seven months, according to latest data released by the Bank of Tanzania (BoT).

The trend is attributed to narrowed lending options for commercial banks since the government distanced itself from fiscal reliance on banks` financing through debt securities such as Treasury Bills and Bonds from last financial year.



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