ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Takeover of Banks in Tanzania

The difference in the trend of disclosed profits between the State Bank and the private banks is striking since all banks faced similar business conditions in 1966. In fact, there is reason to believe that profit figures of the private banks have been tailored through informal agreement among bankers. This need cause no raising of eyebrows since it is a usual practice among banks.

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