Mwanga, Kilimanjaro — Mwanga Hakika Bank (MHB) has recorded strong growth across key financial indicators in 2025, reinforcing its position among Tanzania’s fastest-growing banks.
According to the bank’s latest financial statements, total assets increased by 44.9 percent to Sh470.8 billion in 2025, up from Sh324.9 billion recorded in 2024. The milestone reflects the lender’s rapid expansion and growing confidence from customers and investors alike.
The impressive growth was largely driven by a significant rise in lending activity, with loans to customers climbing by 53 percent to Sh305.3 billion from Sh199.5 billion in the previous year. Customer deposits also registered robust growth, increasing by 47.8 percent to Sh317.6 billion from Sh214.9 billion.
Speaking on the performance, the bank’s leadership said the results demonstrate increasing trust among customers who continue to both save and borrow through the institution.
“What this tells us is that customers’ confidence in our bank is high. They have not only entrusted us with their deposits but have also continued borrowing from us,” said the bank’s management during the presentation of the results.
The bank attributed the growth to its strategic focus on operational efficiency and customer-centered banking solutions aimed at delivering stress-free banking experiences.
The strong balance sheet performance also translated into improved shareholder returns, with profit after tax rising to Sh13.2 billion in 2025 from Sh9.9 billion recorded in 2024.
“This year, the Bank successfully reached half a trillion in total assets, a remarkable milestone achieved within just five years of operation. This achievement reflects the Bank’s strong growth trajectory and demonstrates the increasing confidence and trust we continue to earn in the Tanzanian market,” the bank stated.
Head of Finance, Mr. Chomete Hussein, noted that the lender maintained a healthy loan portfolio, highlighted by a low non-performing loans (NPL) ratio of 0.6 percent.
“This shows that we did not lose the money loaned to customers and indicates that we have a very healthy loan book,” he explained.
Meanwhile, Chief Business Officer Mr. Thomas Enock emphasized the bank’s commitment to providing affordable and convenient banking services to customers across the country.
He revealed that Mwanga Hakika Bank has waived charges for all digital transactions conducted through the PesaHakika App and enhanced its banking services through the USSD platform *150*39#.
Additionally, the bank has introduced free account opening services, with no minimum opening balance requirement and no monthly maintenance fees on all savings accounts.
“We invite everyone to experience stress-free banking with Mwanga Hakika Bank,” he said.
As part of its expansion strategy, the bank plans to open new branches in Kariakoo - Dar es Salaam, and Mwanza later this month while continuing to strengthen its digital banking services through partnerships with mobile telecommunications operators.
About Mwanga Hakika Bank
Mwanga Hakika Bank was established in 2020 following the merger of Mwanga Community Bank Limited, Hakika Microfinance Bank Limited, and EFC Tanzania Microfinance Bank.
The bank offers a wide range of financial services to individuals, micro, small and medium-sized enterprises (MSMEs), and corporate clients. It currently operates eight branches across Dar es Salaam, Mwanza, Arusha, Kilimanjaro, and Dodoma, with its headquarters located in Dar es Salaam.
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