BELIEF IN MOTION: NCBA BANK TANZANIA TURNS STRATEGY INTO GROWTH IN 2025

NCBA Bank Tanzania Managing Director, Alex Mziray.

A Market in Transition, Backed by Scale

At a time when many financial institutions are navigating pressure on margins and growth, NCBA Bank Tanzania is demonstrating what disciplined execution looks like. The bank closed 2025 with total assets up 17.8% to TZS 604.0 billion, while profit remained steady at TZS 16.1 billion, underscoring a business built for resilience.

These results are strengthened by the bank’s position within a larger regional platform. Across East Africa, NCBA Group PLC reported total assets of TZS 13.2 trillion, profit before tax of TZS 516 billion, and profit after tax of TZS 433 billion for the year ended 2025, reflecting a business that has scaled with discipline and consistency.

Consistency in Earnings, Momentum in Scale

For the year ended 31 December 2025, NCBA Tanzania reported a profit of TZS 16.1 billion, reflecting a 0.6% increase from TZS 16.0 billion in 2024. In a year characterised by tightening margins and evolving cost dynamics, this stability highlights disciplined financial management.

At the same time, total assets grew by 17.8% from TZS 512.8 billion to TZS 604.0 billion, signalling increased customer confidence and a deeper role in supporting economic activity.

Revenue remained resilient, with operating and other income at TZS 50.5 billion and net interest income at TZS 38.5 billion, demonstrating the bank’s ability to sustain core income streams while adapting to a dynamic operating environment.

Growth That Reflects the Real Economy

NCBA Tanzania’s performance is defined not just by growth, but by its direct connection to the economy.

Through its continued focus on asset finance, the bank is enabling movement across key sectors supporting transport, trade, and manufacturing. These sectors form the backbone of economic productivity, positioning the bank as a key enabler of business expansion and job creation.

Corporate banking remains a stabilising force, supported by disciplined lending and a strong deposit base, while digital banking is enhancing accessibility and efficiency, enabling the bank to scale in line with evolving customer expectations.

A Local Business Within a Regional Growth Engine

NCBA Tanzania operates within a Group that has demonstrated strong, diversified growth across markets.

As highlighted in the Group’s performance, regional subsidiaries including Tanzania, Uganda, and Rwanda generated TZS 66.6 billion in profit before tax, more than doubling their contribution since 2020 and accounting for 13% of Group earnings.

This underscores the increasing importance of regional markets in driving growth beyond the Group’s core operations, with Tanzania playing a steady and strategic role within this broader expansion.

Group Leadership Perspective: Strength Through Scale

Reflecting on the Group’s performance, John Gachora Group Managing Director, NCBA Group PLC noted:

“Our performance reflects the strength of a diversified model and a strategy focused on sustainable growth. We have continued to invest in our core businesses, strengthen our regional footprint, and build a platform that delivers consistent value across markets.”

This strategic direction continues to shape how subsidiaries operate providing both the scale and support required to grow sustainably within local markets.

Leadership Perspective: Delivering Where It Matters Most

At the Tanzania level, Alex Mziray Managing Director, NCBA Bank Tanzania emphasised:

“Our 2025 performance reflects a business that is focused on building sustainably. We have remained disciplined in how we grow, while continuing to support our customers and invest in areas that will shape the future of banking.”

He added:

“Being part of NCBA Group gives us the strength of a larger platform, while allowing us to remain focused on delivering solutions that are relevant to the Tanzanian market. This balance is what enables us to grow with purpose.”

Banking That Goes Beyond Financial Metrics

Beyond financial performance, NCBA Tanzania’s growth reflects a broader philosophy one that prioritises shared progress.

Anchored in the Ubuntu principle “I am because we are”, the bank continues to support businesses, expand access to finance, and contribute to a more inclusive financial ecosystem.

This approach aligns with the Group’s broader ambition of building a bank that goes beyond transactions creating impact that is both economic and social.

Looking Ahead: Growth with Clarity and Confidence

As the bank looks ahead, the operating environment remains dynamic. Yet Tanzania’s economic trajectory continues to present strong opportunities for institutions that combine resilience with strategic clarity.

With a growing balance sheet, stable earnings, and the backing of a strong regional platform, NCBA Tanzania is well positioned to deepen its impact across the economy.

The focus ahead is clear: scale what works, strengthen customer relationships, and continue contributing meaningfully to both Tanzania’s growth and the Group’s broader success.