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[5] [6] As a microfinance lender, the company survived large losses following the 2016 Indian banknote demonetisation, reporting total losses of ₹2,504 crore (US$338 million) at the time of its conversion to a small finance bank. [4] Jana reported in November 2019 that the September 2019 quarter was its first profitable quarter since ...
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SMFB is a Microfinance Bank that focuses on the micro-finance sector, serving micro, small and medium-sized enterprises.Access Microfinance Bank Tanzania was a member of the AccessBank Group, which is composed of microfinance institutions in Sub-Saharan Africa, Central Asia, and South America, who are majority owned by the AccessHolding conglomerate. [7].
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The headquarters and main branch of Bank M were located at the Bank M Building, at 8 Barack Obama Drive (former Ocean Road), in the city of Dar es Salaam, th large city and financial capital of Tanzania. [5] The geographical coordinates of the headquarters of the bank are: 06°48'09.0"S, 39°17'12.0"E (Latitude:-6.802500; Longitude:39.286667). [6]
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A U.S. Postal Service worker from Compton was arrested on suspicion of swiping more than 20 checks from the mail and depositing $281,000 into various bank accounts under her name, authorities said.