Tanzania c.bank says places China Commercial Bank Ltd under management


Source: sharenet.co.za

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Most Read Tanzania c.bank says places China Commercial Bank Ltd under management DAR ES SALAAM, Nov 19 (Reuters) - The central Bank of Tanzania (BOT) said on Thursday it had put Dar es Salaam-based China Commercial Bank Ltd under statutory administration for failure to meet capital adequacy requirements. "The Bank of Tanzania has effective from today, the 19th November 2020, taken over and placed under statutory administration China Commercial Bank Limited," the central bank said in a statement. (Reporting by Nuzulack Dausen; Writing by Elias Biryabarema; Editing by Jan Harvey) 2020-11-19 12:03:29 What is RSS? » Risk Disclosure: Sharenet will...