DAR ES SALAAM, Tanzania's commercial banks financial performance in the second quarter have been welcomed by mixed feelings with stockbrokers, as they painted a positive and negative picture for listed banks' stocks. They said for instance National Microfinance Bank (NMB) posted an impressive finance performance in the second quarter and expects to be a magnet for equity investors to scramble for the bank's shares. But CRDB bank despite posting a good profit, it's bad debt ratio would hurt its share trading while DCB bank profit loss will send a negative picture on its right issue intention in the coming days. NMB posted a pre-tax profit increase of almost 76% to Tsh27.53b ($17.2m) in three months ending June, and emerged as the most profitable banks in that particular quarter leading about 45 said institutions. Tanzania Securities Chief Executive Officer Moremi Marwa told East African Business Week in Dar es Salaam last week that, given NMB's profitability level and its 3.17% ratio of non-performance loans (NPL), any stock investor would like to buy the bank. "NMB has demonstrated a good performance...this will attract investors and increase trading activities at its counter," Mr Marwa said, "projections are that many will go for (NMB) share as most are dividend conscious. Profits portrayed a good dividend in the first half." The bank NPL ratio is only 3.17% of total loans of Tsh1.21tn ($756.25m), which analysts said is a relative 'good ratio' given the fact that economy was affected during the global financial crisis. Orbit Securities Head of Operations and Dealings, Juventus Simon said though CRDB made a relative good profit increase of almost 20% to Tsh17.5b ($10.94m) backed by healthy balance sheet NPL level are on the bad side. "The profit is good but NPL is on the higher side, it still at discouraging level" Mr Simon said, "we expected this time around the level to drop somehow." CRDB non performing loans at the end of June stand at 10% of total advances of Tsh1.516trn translating to Tsh151b ($94.37m), which according to brokers sends discouraging statement to buyers. However, the brokers are worrying about the outcome of the coming of DCB's right issue at a time when the bank posted a net profit loss of Tsh4.77b ($2.98m) from Tsh879.69m ($549,806 ) in three months ending June. "This will lead to negative impact on the coming issue," Mr Marwa said, "remember the bank did not issue dividend last year instead gave a bonus share." According to the DCB financial statement, its profit loss was attributed to money set aside for bad debts but also on the increase of other operating expenses from Tsh909.64m ($568,525 ) to Tsh1.22b ($762,500). The bank opened an additional branch to have five total numbers of branches. It workforce expands to 161 from 149 staff. There are three listed banks on Dar es Salaam Stock Exchange (DSE) which are NMB, CRDB and DCB. Tanzania women bank is eyeing to list on the second market-Enterprise Growth Market (EGM).