Mkombozi Commercial Bank Profile and Performance

Mkombozi Commercial Bank is a Tanzanian bank that offers a range of financial services to individuals and businesses.

Founded in 2007, Mkombozi Commercial Bank has been operating for over 15 years, providing banking services to its customers.

The bank has a strong presence in Tanzania, with a network of branches and ATMs across the country.

Mkombozi Commercial Bank offers a variety of banking products and services, including savings accounts, loans, and credit facilities.

Mkombozi Commercial Bank is a small commercial bank that serves the lower social economic classes in Tanzania, along with their small-to-medium enterprises (SMEs).

The bank's total asset valuation as of December 2018 was approximately TSh 178.82 billion, which is equivalent to about US$76.94 million.

In 2013, the bank made a profit of TSh 806 million, roughly translating to US$346,835.

The bank's shareholder's equity is around TSh 23.3 billion, or approximately US$10.02 million.

Mkombozi Commercial Bank is a Tanzanian bank that offers a range of financial services to individuals and businesses.

The bank has a strong presence in the country, with over 20 branches across major towns and cities.

The bank's mission is to provide innovative and accessible financial solutions to its customers, helping them achieve their financial goals.

Mkombozi Commercial Bank Plc has its roots in an initiative by the Tanzania Episcopal Conference to support emerging Tanzanian businesses.

The bank was granted a banking license by the Bank of Tanzania on July 18th, 2009.

Mkombozi Commercial Bank's target markets are small and medium-sized entrepreneurs, companies, SACCOS, social enterprises such as schools, universities, and corporations.

The bank serves the needs of growing companies, middle-market, and large corporations, institutional investors, financial institutions, and government entities.

Mkombozi Commercial Bank has a presence in Dar es Salaam with three branches: St Joseph's, Msimbazi, and Kariakoo, and one branch in Mwanza opposite the Bank of Tanzania.

You can visit the St Joseph's Branch at Plot No. 40, Mansfield Street, behind St Joseph's Cathedral in Dar es Salaam.

The Mwanza Branch is located on Nyerere Road, opposite the Bank of Tanzania.

If you're in Dar es Salaam, you can also visit the Msimbazi Branch at Kawawa Road, Msimbazi Centre.

The Kariakoo Branch is situated on Aggrey Street, near Uhuru Primary School in Dar es Salaam.

Additionally, the bank has branches in Bukoba and Moshi, with the Bukoba Branch located on Plot No. 190, Jamhuri Road, opposite the Police Station.

The Moshi Branch is situated on Upinde Street/Kibo Road, near Christ the King Cathedral.

You can contact the bank's customer service team at various branches for more information and assistance.

Mkombozi Commercial Bank Plc has reported its earnings results for the third quarter and nine months ended September 30, 2024, and the second quarter and six months ended June 30, 2024.

On November 5, the bank released its third quarter earnings report, providing insight into its financial performance.

Mkombozi Commercial Bank Plc's quarterly earnings reports are a valuable resource for investors and analysts, offering a snapshot of the bank's financial health.

The bank's quarterly reports are typically released in November and August, respectively.

At Mkombozi Commercial Bank, leadership is a top priority. The bank's CEO has been instrumental in driving growth and innovation.

The bank's leadership team has a strong track record of making informed decisions, with over 10 years of experience in the financial sector.

One of the bank's key strengths is its ability to adapt to changing market conditions, which is a testament to its effective leadership.

At the top of the leadership structure is the Board of Directors, made up of eight individuals. The Chairman is one of the seven non-Executive Directors.

The current Chairperson is Gasper C. Njuu, who plays a crucial role in guiding the bank's direction.

The Managing Director, Respige Kimati, oversees the day-to-day operations and is responsible for implementing the bank's strategies.

Dr. Kitima is a seasoned leader who brings a wealth of experience to the table. He was appointed as the Managing Director of Mkombozi Commercial Bank PLC on January 18, 2020, a role that requires strong leadership skills.

As a member of the accountancy profession in Tanzania, Dr. Kitima has a deep understanding of financial management. He is registered with the National Board of Accountants and Auditors as a Fellow Certified Public Accountant.

His expertise in accountancy has likely prepared him to make informed decisions that drive business growth.

Mkombozi Commercial Bank's operations are designed to be efficient and customer-centric. The bank has a strong network of branches and ATMs, with over 20 branches located in major towns and cities across Tanzania.

The bank's digital banking platform is user-friendly and accessible, allowing customers to manage their accounts and conduct transactions from anywhere. This includes online banking, mobile banking, and a mobile app.

The bank's customer service team is available to assist with any queries or issues, providing support through multiple channels including phone, email, and in-person at branches.

Mkombozi Commercial Bank has a significant presence across the country, with branches strategically located in various regions.

As of December 2019, the bank maintains a total of 11 branches across different locations.

The Main Branch is situated at St Joseph's Catholic Church, 40 Mansfield Street, Dar es Salaam.

Mwanza, Moshi Town, and Bukoba Town are among the other locations with bank branches.

The bank has a strong presence in Dar es Salaam, with branches located at Msimbazi, Kariakoo, and Tegeta.

Here is a list of all the branches:

The bank's expansion plans are evident from its presence in various districts and towns.

The ATM services at Mkombozi Commercial Bank are quite impressive. Mkombozi Commercial Bank ATM card is part of UmojaSwitch, a system that allows customers to transact through more than 100 ATMs across the country.

You can access these ATMs 24 hours a day, making it convenient for customers to withdraw cash or check their account balances at any time.

Mkombozi Commercial Bank's financial performance has been impressive, with a notable increase in performance over the past few months.

The bank's current month performance has seen a +7.14% increase, which is also consistent with its performance over the past 3 and 6 months. This suggests a stable trend in the bank's growth.

Here's a breakdown of the bank's performance over the past few months:

Mkombozi Commercial Bank Plc's sales by activity reveal some interesting trends. The bank's provision of banking and related services saw a significant increase from 19.86B in 2020 to 25.23B in 2023.

The bank's retail banking sales are not available for 2020, 2021, 2022, and 2023, which might indicate a lack of data or a change in how the bank reports its sales. However, in 2019, retail banking sales were 8.25B.

Other sales, which include miscellaneous activities, were 908M in 2019 but have no data for 2020, 2021, 2022, and 2023. Treasury sales were 2.68B in 2019 but have no data for 2020, 2021, and 2022, and a dash for 2023.

Here's a breakdown of the bank's sales by activity in 2019:

The valuation of a company is a crucial aspect of its financial health. The Mkombozi Commercial Bank Plc has a capitalization of 12.72B.

The P/E ratio, which measures the price of a stock relative to its earnings, has seen a significant drop from 3.27x in 2022 to 1.94x in 2023. This indicates a decrease in investor confidence.

The enterprise value, which represents the total value of a company, has also seen a decline from -11.09B in 2022 to -6.73M in 2023. This suggests a decrease in the company's value.

The free-float, which represents the portion of a company's shares that are available for public trading, is at 82.32%. This is a relatively high percentage.

Here's a breakdown of the P/E ratio and enterprise value for the Mkombozi Commercial Bank Plc over the years:

The EV/Sales ratio, which measures the enterprise value relative to sales, has also seen a decline from -0.53x in 2022 to -0.36x in 2023. This suggests a decrease in the company's value relative to its sales.

The quotes and performance of a financial instrument can be a great indicator of its overall health. The current month has seen a significant increase of +7.14%.

Looking at the numbers, it's clear that the instrument is on a roll. In the last 1 month, it has gained +3.45%.

But what about the bigger picture? Over the last 6 months, the instrument has maintained a steady +7.14% growth rate.

And if we take a step back to look at the current year, we can see that the instrument has surged ahead with a +11.11% increase.

Here's a quick summary of the performance over different time periods:

Mkombozi Commercial Bank has reported its earnings results for several quarters in 2024. The bank released its fourth quarter earnings on February 20, 2024.

The bank's financial performance has been closely monitored over the years. Mkombozi Commercial Bank Plc has completed an initial public offering (IPO) of TZS 3,776.00 million in 2014.

Here is a list of the bank's earnings reports for 2024:

The bank's full-year earnings for 2023 were released on January 14, 2024.