Dar es Salaam, May 2, 2025: Exim Bank Tanzania has reported a strong start with its first quarter of 2025, underlining its continued growth momentum, operational efficiency, and impactful initiatives that align with its long-term strategy for innovation and inclusion. For the period ended 31st March 2025, the bank posted strong financial metrics across the board, reinforcing its role as one of Tanzania’s leading private sector financial institutions.
The bank’s total assets rose to TZS 3.4 trillion, marking an 18.2% increase compared to the same period last year. Net Loans and advances also surged to TZS 1.9 trillion, representing a 20% year-on-year growth. The strong lending performance reflects the bank’s commitment to supporting both individuals and enterprises across key economic sectors.
Moreover, profit before tax for the first quarter of 2025 reached TZS 26.5 billion, marking a strong performance that underscores the bank’s disciplined execution of its strategic priorities. This growth reflects the success of its customer-first approach, prudent risk management, and continued investment in innovative financial solutions that respond to the evolving needs of individuals and businesses across Tanzania.
Total customer deposits reached TZS 2.7 trillion, a 20% increase from the previous year, demonstrating growing trust in the bank’s ability to deliver value-driven and customer-focused banking solutions. Net interest income for the quarter stood at TZS 43.7 billion, a 7% increase year-on-year, underpinned by improved asset quality and a resilient lending strategy.
Commenting on the performance, Exim Bank’s Chief Financial Officer, Shani Kinswaga said, “We are pleased with our Q1 2025 performance, which not only shows solid financial growth but also the tangible impact of our commitment to inclusion and innovation. Our focus remains on delivering accessible, digital-first, and customer-friendly banking experiences that support Tanzania’s economic transformation.”
The first quarter of 2025 saw key milestones that supported the bank’s growth trajectory. These included the successful acquisition of Canara Bank Tanzania Limited’s assets and liabilities. This marked Exim Bank’s third acquisition in the past six years, further solidifying its role as a key player in the Tanzanian banking industry.
Also, the enhancement of Wafanyakazi Loan provided salaried employees with quick, affordable, and flexible personal loan solutions. The bank becomes the first financial institution in Tanzania to facilitate the acquisition of existing loans for public sector employees from other institutions via the Employee Self Service (ESS) portal. This groundbreaking service is designed to provide civil servants with more favorable loan terms, improved speed, and enhanced convenience, all through the innovative platform.
The bank continues to encourage its customers to embrace the convenience, speed, and security of its digital banking platforms for their everyday transactions. Through platforms such as Exim Mobile and Internet Banking, customers can access a wide range of services anytime, anywhere. By making transactions digitally, customers stand a chance of winning prizes as part of building a financially inclusive and tech-enabled banking culture.
This first quarter also saw the amplification of its Lipa Chapchap campaign - a real-time payment solution designed to simplify transactions for both individuals and businesses. The campaign promotes the use of Exim’s digital payment channels, enabling customers to make instant, secure, and convenient payments for goods and services via QR code and ‘Lipa Namba’ platforms.
As we drive into the second quarter, Exim Bank is doubling down on its promise to be more than just a financial institution - but a true partner in Tanzania’s progress. The classroom donation in Buhigwe District, Kigoma Region, was just one of several impactful community initiatives delivered, confirming the bank’s commitment to supporting national development goals.
With a strong financial position and an unwavering sense of purpose, the bank is set to deepen its engagement with communities and government stakeholders, ensuring that growth is not only sustained but also shared.
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