By Daily News Correspondent
Azania Bank Limited has opened a new branch in Mwanza, raising the number of its branches to five in the country. The Managing Director of the bank, Mr Charles Singili, said at the opening ceremony that that bank’s capital has grown from 708.7m/- in 2000 to 7.8bn/- in December last year.
The new branch is located on the Nkrumah street in the lake Victoria Port city. He said, the bank which was formerly known as First Adili and later Azania Bancorp, has seen cash deposits growing from 3bn/- to 68.5bn/- between 2003 and last December.
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