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Early this year, the Bank of Tanzania (BoT), in its supervisory role, closed down five banks due to unduly low capitalisation, directed the merger of three other banks, and tackled head-on a protracted, viral non-performing loans syndrome. All these were crisEDITORIAL: BoT must pay attention to issues raised by IMF
Early this year, the Bank of Tanzania (BoT), in its supervisory role, closed down five banks due to unduly low capitalisation, directed the merger of three other banks, and tackled head-on a protracted, viral non-performing loans syndrome. All these were crises-in-the-making that threatened to wreak havoc in the country’s banking subsector in particular, and the financial sector in general. Read more