During 2021, TMRC managed to record another commanding profit before tax on account of maintaining a good investment portfolio and effective cost management. The Company recorded a Profit Before Tax of TZS 2.30 billion (2020: TZS 2.76 billion). The result was mainly attributed to creation of good investment portfolio as well as effective cost management by TMRC
management. During the year, net interest income increased from TZS 6.96 billion in the prior year to TZS 7.05 billion, an increase of 1.3%.

TMRC balance sheet size grew during the year from TZS 187.6 billion recorded in previous year to TZS 198.6 billion, an increase of 5.9% mainly due to successful public issuance of TMRC Medium Term Note (MTN) tranche 3 which was oversubscribed by 27% amounting to TZS 8.9 billion.