Mwalimu Commercial Bank Plc (MCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2019 interim results for the forth quarter.For more information about Mwalimu Commercial Bank Plc (MCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Mwalimu Commercial Bank Plc (MCB.tz) company page on AfricanFinancials.Document: Mwalimu Commercial Bank Plc (MCB.tz) 2019 interim results for the forth quarter.Company ProfileMwalimu Community Bank Limited (MCB) is a commercial bank which is wholly-owned and promoted by an umbrella trade union of teachers in Tanzania. Tanzania Teacher’s Union (TTU) is a trade union established under the Employment and Labour Relations Act 2004. There are over 200 000 members across all regions in the country. MCB meets an important need to provide affordable and accessible banking products and services to teachers in Tanzania. MCB offers a diverse range of products and services geared to empower teachers and other civil servants to improve their living conditions and transform their lives. Mwalimu Community Bank Limited is listed on the Dar es Salaam Stock Exchange
Beijing, July (Xinhua) Zhong Qing (), the new P2P net loan platform from a single month soared to 262 only to increase by 20, the annual yield of nearly 15% from close to 9.5%……" The rate of net released in July "P2P net loan industry semi annual report" shows that the first half of this year the newly established platform number representing a decrease of 80.4%, sharply reduced.
P2P industry from the free expansion of the transition to the rational adjustment period, on the one hand to strengthen supervision, the CBRC set up inclusive financial departments of the State Council, the Internet Financial launched special rectification actions; on the other hand, long-term industry disorderly competition, resulting in many platform cumulative risks and operational difficulties, take the initiative to withdraw from the market.
net loan platform number increased
2015, some net loan platform for illegal fund-raising run away the news yet still ran in the ear, now there are still many companies to follow suit.
from the bank rate network data show that as of the end of June 2016, the proportion of the total number of platform industries is higher than 40%, totaled 2157.
"in the industry to strengthen supervision and regulation of prophase, the earliest fall is a serious violation of laws and regulations, the platform agency analysts said that with the continuous advance of industry standards, many of the early mismanagement, the cumulative risk of more platform selection from the initiative, is conducive to the further concentration of industry resources and optimization.
pictures from the bank rate network.
yield over 10% products find
has always been regarded as P2P net loan platform weapon suction eye "yield index", is becoming more and more good-looking". At the beginning of last year, 14% of high-yield products meet the eye everywhere today, the annual rate of return, more than 10% of the products are hard to find.
after the yield will be lower and lower." A net loan platform financial planner Meng told reporters that more and more stringent supervision, leading enterprises to seek a listing, compliance to reduce the risk, and gradually decline in bank interest rates, it is difficult to guarantee high yield.
Beijing, the reporter found that pleasant loans, Lu Jin and other large-scale net loan platform annual yield is about 7%-9%, and some of the newly established or smaller platform, 12 month closure period of financial products yield can barely reached 12%.
reporter chose to register two net loan platform, customer service staff have said that there is no up to the expected rate of return of honor.
industry is "purchase" to enjoy high income phenomenon
Wang Jia has been working in a trading company in Beijing for nine years. He has done a lot of investment and has a strong spirit. She told reporters that now only a small part of the asset allocation in the bank, the other is the fund, P2P, options and other higher risk investments. Recently, the company also bought a friend P2P products, 50 thousand principal monthly interest payment of $2000, but to make money to buy a friend from the inside, >