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| Registrar of the Treasury, Mr Nehemiah Mchechu (centre), together with NMB Bank Plc Managing Director and Chief Executive Officer, Ms Ruth Zaipuna (second right), and NMB Bank Board Director, Mr Benson Mahenya (second left), jointly launch NMB Bank’s Medium-Term Strategic Plan for 2026–2030, dubbed Agenda 2030, at an event held in Dar es Salaam. Also present are NMB Bank Board Director, Prof. Sylvia Temu (left), and NMB Chief Financial Officer, Mr Juma Kimori (right). |
Dar es Salaam, Tanzania — NMB Bank Plc has etched its name into Tanzania’s corporate history after recording an unprecedented TZS 1.1 trillion profit before tax (PBT) in 2025, becoming the first company in the country to cross the trillion-shilling profit threshold.
The landmark achievement was unveiled in Dar es Salaam during the launch of the Bank’s new Medium-Term Plan (MTP) 2026–2030, dubbed Agenda 2030, marking the successful conclusion of a transformative five-year strategy that repositioned NMB as a performance-driven, purpose-led financial powerhouse.
A Milestone Built on Strategy and Discipline
Speaking at the launch, NMB Managing Director and Chief Executive Officer, Ms Ruth Zaipuna, underscored that the record-breaking performance was the result of deliberate and disciplined execution.
“This performance reflects years of deliberate choices — expanding sustainable revenue streams, investing in technology and people, and growing responsibly,” she said.
NMB’s journey to the historic milestone began in 2020 with the development and approval of the 2021–2025 MTP, anchored on three strategic pillars: winning customer propositions, operational efficiency, and innovation, supported by strong governance, people development, and enhanced customer experience.
Over the five-year period, the Bank generated cumulative profits of TZS 2.7 trillion, cementing its position as a dominant force in Tanzania’s financial and corporate landscape. Total assets surged by 142 percent to TZS 17.2 trillion, while customer deposits more than doubled to TZS 12.4 trillion.
Operational efficiency also improved markedly, with the cost-to-income ratio falling to 37 percent, placing NMB among the most efficient banks in Africa.
Driving Financial Inclusion and National Development
Beyond profitability, NMB significantly deepened financial inclusion across the country. Its agent network expanded from 8,400 to over 73,000, while the customer base grew to nearly 10 million accounts, the largest in Tanzania.
During the five-year period, the Bank disbursed close to TZS 28 trillion in loans, averaging TZS 5.5 trillion annually, supporting households, SMEs, farmers, and corporates across critical sectors including agriculture, manufacturing, trade, infrastructure, and services.
NMB’s contribution to national development was equally significant. Over the period, the Bank:
- Paid TZS 2.7 trillion in taxes
- Distributed TZS 700 billion in dividends, including TZS 224 billion to the Government
- Pioneered capital-market instruments such as the Jasiri Bond, NMB Jamii Bond, and NMB Social Bond, mobilising funds for social, gender, and development-focused initiatives
Government Applause for a National Champion
Officiating the Agenda 2030 launch, Treasury Registrar Mr Nehemiah Mchechu praised NMB as a model of local enterprise capability and a pillar of Tanzania’s economic transformation.
“The Sixth Phase Government, under the visionary leadership of President Dr Samia Suluhu Hassan, recognizes and applauds NMB for its frontline role in national development,” he said.
Digital Transformation and Efficiency Gains
Heavy investment in technology — exceeding TZS 230 billion — alongside the recruitment of more than 80 specialists in technology, data, and cybersecurity, has fundamentally transformed NMB’s operations.
According to Ms Zaipuna, over 94 percent of all transactions are now conducted digitally, significantly improving efficiency while reducing operational risk.
Financial performance mirrored these gains. For the year ended 31 December 2025, profit after tax rose to TZS 750 billion, up from TZS 210 billion in 2020, representing a 258 percent increase over five years.
Shareholders also enjoyed strong returns, with dividends rising from TZS 48 billion in 2020 to TZS 214.4 billion in 2025, while NMB’s share price surged from TZS 2,340 to TZS 9,960 as of Tuesday, 27 January 2026, delivering substantial capital gains.
Agenda 2030: Scaling Tanzania’s Growth
With the launch of Agenda 2030, NMB enters its next growth phase with a clear focus on sustainable expansion, innovation, and regional competitiveness.
The strategy prioritises customer experience, advanced digital banking, ESG-aligned financing, and increased funding for strategic sectors including agriculture, industry, energy, tourism, and mining.
“We are entering the next five years with confidence, clarity, and discipline,” Ms Zaipuna said. “Our growth journey will remain inclusive, sustainable, and anchored in creating long-term value for customers, investors, and the nation.”
A Regional Champion Rooted in National Development
As Tanzania’s largest and most efficient bank, NMB is well-positioned to continue flying the national flag in regional banking — combining scale, technology, and disciplined execution to reinforce its status as a regional champion firmly rooted in national development.
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