NMB ANNOUNCES HISTORIC FIRST-EVER SPECIAL DIVIDEND AS SHAREHOLDER PAYOUT HITS RECORD TZS 305 BILLION

David Nchimbi, Chairperson of the Board of Directors of NMB Bank Plc (centre), the bank’s Managing Director and Chief Executive Officer Ruth Zaipuna (right), and Director of Investor Relations, Sustainability and Corporate Communication, Innocent Yonazi (left), address journalists during a media briefing on the bank's proposed record dividend payout of TZS 305 billion for the 2025 financial year. The proposed dividend of TZS 610.15 per share is expected to be tabled for shareholders' approval at the bank's 26th Annual General Meeting scheduled for June 10, 2026.

Dar es Salaam, Tanzania – May 21, 2026 – NMB Bank Plc has announced a historic first-ever special dividend of TZS 105.89 per share, cementing its position as one of Tanzania’s most successful financial institutions following a record-breaking financial performance in 2025.

The announcement was made during a press briefing held at the bank’s headquarters in Dar es Salaam ahead of the lender’s 26th Annual General Meeting (AGM) scheduled for June 10, 2026, at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam.

The proposed special dividend comes on top of an ordinary dividend of TZS 504.26 per share, bringing the total proposed shareholder payout to TZS 610.15 per share — equivalent to approximately TZS 305 billion. The payout marks the largest dividend distribution ever recorded in Tanzania’s banking sector.

A Landmark Achievement for NMB and Tanzania’s Banking Industry

Speaking during the briefing, NMB Managing Director and Chief Executive Officer, Ruth Zaipuna described the milestone as a reflection of the successful implementation of the bank’s 2021–2025 Medium-Term Plan (MTP), which delivered unprecedented growth, profitability and shareholder returns.

“We would like to officially announce that the 26th Annual General Meeting of NMB Bank shareholders will be held on June 10, 2026, at JNICC as part of our continued commitment to transparency, accountability and engagement with our shareholders and stakeholders,” she said. 

Ms Zaipuna noted that NMB had already made history earlier this year after announcing a profit before tax of TZS 1.1 trillion, becoming the first company in Tanzania’s history to reach such a milestone.

Following completion of the external audit process, the bank’s profit after tax for 2025 increased from TZS 750 billion to TZS 756 billion.

“As a result of this historic performance, management has proposed to the Board of Directors an ordinary dividend of TZS 504.26 per share amounting to TZS 252 billion,” she explained.

She added that the bank’s strengthened capital position under its long-term capital plan enabled management to introduce a special dividend for the first time in the institution’s history.

“The bank is now in a position to announce a special dividend for the first time in its history and also the first of its kind in the history of Tanzania’s banking and financial sector,” she said.

According to Ms Zaipuna, the proposed special dividend amounts to approximately TZS 52 billion.

Five Years of Extraordinary Growth

NMB’s growth trajectory over the last five years highlights the scale of the bank’s transformation and operational discipline.

In 2020, the bank’s total dividend payout stood at just TZS 48 billion. By 2025, that figure had surged to more than TZS 305 billion, underscoring the strength of the bank’s business model and long-term strategic execution.

The bank has also delivered exceptional value creation for shareholders through strong share price appreciation at the Dar es Salaam Stock Exchange.

“In 2020, one NMB share traded at around TZS 2,340. As of yesterday morning, the share price had reached TZS 13,130, representing substantial value growth for shareholders,” Ms Zaipuna noted.

She further revealed that NMB’s market capitalization has now grown to approximately US$2.7 billion, positioning the bank among the largest and most valuable financial institutions in East Africa and across the continent.

Technology, Innovation and Financial Inclusion Driving Success

Ms Zaipuna attributed the bank’s strong performance to disciplined strategy execution, investments in technology and innovation, staff development, and continued expansion of digital financial services.

“These monumental achievements are a result of disciplined execution of our strategy, significant investments in technology and innovation, and our commitment to improving customer experience and expanding financial inclusion across the country,” she said.

She also commended the Tanzanian government and regulators for fostering a supportive business environment that has enabled sustained growth within the banking sector.

Board Chair Hails Transformational Five-Year Journey

NMB Board Chairperson, David Nchimbi described 2025 as a defining year in the bank’s history.

“The past five years have been a period of significant transformation, strong growth and remarkable achievements that have strengthened NMB’s position as the leading bank in Tanzania and the most successful in the wider region,” he said.

Mr Nchimbi thanked shareholders, customers, employees and stakeholders for their support throughout the implementation of the bank’s five-year strategic plan.

“The Board is recommending both the ordinary dividend and the special dividend for approval by shareholders during the AGM. This brings the total proposed dividend payout for 2025 to the highest ever recorded in Tanzania’s banking sector,” he added.

Focus on Sustainable Value Creation

Meanwhile, NMB's Director of Investor Relations, Sustainability and Corporate Communication, Innocent Yonazi said the successful completion of the bank’s five-year strategy demonstrates NMB’s commitment to sustainable value creation and contribution to Tanzania’s economic and social development.

According to the AGM notice issued by NMB, shareholders will also deliberate on several strategic resolutions during the meeting, including approval of directors’ remuneration, appointment of external auditors, and proposed structural adjustments within the bank.

As NMB prepares to enter a new strategic phase, the lender’s record-breaking results and historic shareholder payout signal growing confidence in Tanzania’s banking sector and reinforce the bank’s status as a regional financial powerhouse.