Q3 2023 Performance: Claver Serumaga, leads turnaround of NCBA Tanzania  Claver Serumaga brings his 19 years of banking experience in corporate and retail banking, digital banking, treasury management as well as marketing and business development to bear, giving NCBA Tanzania its first profit in over 7 years.

NCBA Tanzania, the banking subsidiary of NCBA Group, has released its third-quarter financial report for 2023, showing remarkable growth in a series of bank fundamentals.  In results released this week, the bank reported that in the 3 months from June 2023, operating income grew by 145% from a loss of TZS8.4 billion in Q2 2023 to a positive of TZS3.8 billion in September 2023.  After-tax Income also improved by 152.4% from a loss of TZS9.6 billion to a profit of TZS5 billion.  This was fuelled by a 16.3% growth in net lending, from TZS237.1 billion to TZS275.7 billion. And a…