Tanzania - Akiba Commercial Bank Ltd
2005 was a year of consolidation for Akiba Commercial Bank after strong growth in 2004. No new branches were opened and the loan portfolio increased slightly from Tsh 16.4 billion to Tsh 17.3 billion. Deposits increased from Tsh 21.9 billion to Tsh 29.3 billion. The Balance Sheet reflects a growth of 39% to Tsh 35.6 billion. Profitability of the Bank increased to 22% r.o.e.
In November 2005 John Lyale was appointed as the new Managing Director.
Akiba Bank decided to join the ‘Transparency and Sustainability in Finance’ project, co-supervised by Triodos Bank and will implement a reporting structure based on the guidelines of the Global Reporting Initiative. The first results of this process will be made available in the Bank’s 2006 annual report.
A Triodos Bank senior co-worker represents Triodos-Doen and Hivos-Triodos Fund on the Board of Directors.
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- First investment of the Ampere Equity Fund
- 9 April 2008 - Participation in largest onshore wind farm in the Netherlands.
- Triodos Bank announces strong growth, of 23%, in 2007
- 29 February 2008 - The bank’s net profit rose by 46% to EUR 9 million. Earnings per share rose by 13%, to EUR 3.85.
- Triodos Bank launches Sustainable Trade Fund
- 22 February 2008 - Impulse for export of organic and Fair Trade products from developing countries to Western markets.