DCB consolidates capital base and profit generation

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Dar es Salaam. Despite facing economic challenges, DCB Commercial Bank has consistently expanded its capital base, while its profit generation has also maintained an incremental trend, the bank told shareholders over the weekend.

Addressing the 21st edition of the Annual General Meeting (AGM) of the bank’s shareholders, chairperson of the bank’s Board of Directors Zawadia Nanyaro said the bank’s capital, which is at Sh28.5 billion, far exceeds the mandatory minimum set by the central bank of Sh15 billion.

She said the bank registered an after-tax profit of Sh747 million in the year 2022, which was attributed to non-interest income amounting to Sh10.3 billion.