Prime

Equity Bank dominates mortgage lending in Tanzania

Tanzania's central bank attributes the success of five Nairobi-based lenders to the development of mortgage financing products in Kenya. PHOTO | FILE

Six Kenya-based banks account for half of the mortgage finance market in Tanzania, results of a study by the country's sector regulator shows.

Equity Bank Tanzania was the market leader in home loan financing in the second quarter (March-June), accounting for 20 per cent of the market share with outstanding loans amounting to Sh4.4 billion (Tsh96 billion) issued to 66 customers.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME CBK fines record 33 banks for loan rate breaches

  2. PRIME Fraud-linked QVSE owner returns with new scheme

  3. PRIME Average digital loan jumps to Sh16,341 as more Kenyans borrow for food, fees

  4. PRIME “Breathtaking”: Adventure across Greece in 10 days

In the headlines

View All