Dar es Salaam, June 5, 2025 — NMB Bank Plc has announced a record-breaking dividend payout of TZS 428.85 per share, reflecting the bank’s sustained commitment to delivering value for its shareholders through “Responsible Growth, with a Lasting Impact.” This historic payout translates into a total dividend of TZS 214.43 billion for the financial year ending December 31, 2024 — a 19% increase from the TZS 180.59 billion paid in the previous year.
The announcement was made during the bank’s 25th Annual General Meeting, where shareholders approved the payout. The dividend is scheduled to be disbursed on or around June 19, 2025, reinforcing NMB’s reputation for consistent shareholder returns.
2024 Financial Highlights
NMB’s record dividend stems from a year of outstanding financial performance, underscoring its position as a market leader in the East African banking sector. Key metrics include:
- Profit Before Tax: TZS 927 billion (+20% YoY)
- Profit After Tax: TZS 643 billion (+19% YoY)
- Earnings Per Share (EPS): TZS 1,287 (+19% YoY) — an all-time high
- Dividend Per Share: TZS 428.85 (+19% YoY)
These results affirm NMB’s ability to execute its strategy effectively, drive sustainable growth, and deliver meaningful value to all stakeholders.
Strong Balance Sheet Performance
The bank's financial strength was further demonstrated through robust balance sheet growth, supported by healthy liquidity and capitalization levels:
- Total Assets: TZS 13.7 trillion, up 13% YoY
- Customer Deposits: TZS 9.6 trillion, up 13% YoY
- Loans and Advances: TZS 8.5 trillion, up 10% YoY
This growth was broad-based across key sectors including Agriculture, SMEs, Personal Banking, and Wholesale Business, reflecting NMB’s inclusive approach to financial services.
Efficiency and Asset Quality
NMB maintained its operational efficiency and asset quality leadership in the industry:
- Cost-to-Income Ratio (CIR): 38%, improved from 39%, well below the 55% regulatory threshold
- Non-Performing Loans (NPL) Ratio: 2.9%, an improvement from 3.0% and well below the regulatory ceiling of 5%
These outcomes demonstrate the bank’s prudent risk management, disciplined cost control, and focus on quality lending.
Leadership Commentary
Mr. David Nchimbi, Chairman of the Board of NMB Bank Plc, remarked:
“This dividend payout reflects the strength of our strategic execution, robust governance foundations, and the confidence our shareholders place on our future plans. We remain focused on unlocking new strategic growth opportunities, enhancing customer experience, and delivering on our vision—to be the preferred financial solutions partner.”
He further added:
“For years to come, through the diligent execution of our governance and oversight responsibilities, the Board will continue to serve as a catalyst for the bank’s long-term growth and the delivery of sustainable value to our shareholders.”
Ms. Ruth Zaipuna, Chief Executive Officer of NMB Bank Plc, highlighted the significance of the 2024 performance:
“2024 has truly been a standout year for NMB Bank, marked by solid progress against our strategy and enhanced value to all our stakeholders. The robust performance and subsequent dividend payout, as approved by our shareholders, underscore our commitment to achieving Responsible Growth, with a Lasting Impact.”
She concluded with appreciation:
“My deep appreciation goes to our government, regulators, customers, shareholders, and employees. With your support and confidence, we have grown into a leading and sustainable institution, with a growing reputation as a pioneer of banking excellence, innovation, and solid performance. We look forward to further driving shared prosperity.”
Looking Ahead
With a strong financial foundation and a clear strategic direction, NMB Bank Plc is poised to continue delivering sustainable growth, operational excellence, and long-term value to its stakeholders in the years ahead.
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