Funding

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Funding

Net interest income grew at a compound annual growth rate (CAGR)12-17 of 20% fuelled by fast loan growth.

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International Ratings

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Baa3 (Stable): Upgrade to investment grade, Baa3, in October 2017 and affirmed in 2018, on the back of improving asset quality and structural improvements in risk management and loan origination processes over recent years which led to a decline in NPLs while solid loan and profit growth continued.

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BB+ (Stable): Rating raised to BB+ stable from BB positive in October 2018, reflecting the Bank’s improved performance and capitalization.

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BBB- (Stable); Local Currency: AAA (KE): Upgrade to investment grade, BBB-, in September 2017 with a stable outlook. TDB’s local currency rating was upgraded to AAA in 2016.

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International Ratings

In 2017, the Bank achieved its first investment grade ratings from Moody’s and Global Credit Ratings (GCR). Moody’s upgraded the Bank’s long-term issuer rating to Baa3 with outlook stable; GCR rated TDB BBB- with a stable outlook; and Fitch ratings rated TDB’s outlook as ‘stable to positive’ and affirmed the Long-Term Issuer Default Rating at BB+.[/vc_column_text][/stm_animation_block][/vc_column_inner][/vc_row_inner][stm_spacer height=”90″ height_tablet_landscape=”90″ height_tablet=”70″ height_mobile=”50″][/vc_column][/vc_row][vc_row full_width=”stretch_row” equal_height=”yes” shadow_x_offset=”0″ shadow_y_offset=”0″ shadow_blur=”0″ shadow_spread=”0″ shadow_color=”” el_class=”mbcx” css=”.vc_custom_1565612393707{margin-bottom: 104px !important;background-color: #f9f9f9 !important;background-position: 0 0 !important;background-repeat: no-repeat !important;}”][vc_column shadow_x_offset=”0″ shadow_y_offset=”0″ shadow_blur=”0″ shadow_spread=”0″ shadow_color=”” css=”.vc_custom_1565612492212{padding-right: 25% !important;}” offset=”vc_col-lg-6 vc_col-md-6″ el_class=”stm_default_paddings”][stm_spacer height=”98″ height_tablet=”60″ height_mobile=”50″ height_tablet_landscape=”40″][vc_column_text]

Resource Mobilisation

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Capital markets activity

TDB has successfully issued local currency bonds in Tanzania, Kenya and Uganda, as well as in other international markets. Proceeds of bonds and notes are invested in the respective countries of issuance. All the bonds issued thus far have been listed on their respective Stock Exchanges, thereby enhancing their liquidity attributes.

Syndicated loan facilities

The Bank continued to pursue its funding strategy in 2017, whilst addressing the funding requirements for the year. As such, several funding initiatives were launched to raise medium to long-term funding for general corporate purposes with emphasis on regionally focused syndicated loans.[/vc_column_text][stm_spacer height=”75″ height_tablet=”30″ height_mobile=”25″ height_tablet_landscape=”0″][/vc_column][vc_column stretch=”right” shadow_x_offset=”0″ shadow_y_offset=”0″ shadow_blur=”0″ shadow_spread=”0″ shadow_color=”” css=”.vc_custom_1580978341838{padding-top: 400px !important;background-image: url(https://www.tdbgroup.org/wp-content/uploads/2020/02/funding.jpg?id=6840) !important;}” offset=”vc_col-lg-6 vc_col-md-6″][/vc_column][/vc_row][vc_row full_width=”stretch_row” stm_parallax=”enable” show_bg_mobile=”disable” show_bg_mobile_xs=”disable” shadow_x_offset=”0″ shadow_y_offset=”0″ shadow_blur=”0″ shadow_spread=”0″ shadow_color=”” css=”.vc_custom_1565363638640{background-color: #ffffff !important;}”][vc_column][vc_row_inner equal_height=”yes” content_placement=”middle”][vc_column_inner][stm_animation_block animation=”fadeInLeft” animation_duration=”0.5″ animation_delay=”0″][vc_column_text][table id=1 /][/vc_column_text][/stm_animation_block][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]