NMB BANK COMPLETES HISTORIC TRANSFORMATION, EYES BIGGER ROLE IN TANZANIA’S FUTURE

NMB Managing Director and Chief Executive Officer, Ruth Zaipuna greets the Minister of State in the President’s Office, Planning and Investment, Prof. Kitila Mkumbo, during the Investors Breakfast Briefing held in Dar es Salaam ahead of the bank’s 26th Annual General Meeting. Looking on is Chief Finance Officer, Juma Kimori (2nd right).

NMB Managing Director and Chief Executive Officer, Ruth Zaipuna speaks during the Investors Breakfast Briefing in Dar es Salaam, where the bank presented the outcome of its 2021–2025 Medium-Term Plan and outlined its next growth phase aligned with Tanzania’s long-term development agenda. From left are Chief Finance Officer Juma Kimori, NMB Board Chair David Nchimbi (second right), and Director of Investor Relations, Sustainability and Corporate Communications Innocent Yonazi (right).

Dar es Salaam | June 9, 2026 - NMB Bank has declared itself ready for a new phase of growth after successfully completing what its leadership described as the most transformative chapter in the institution’s history.

Addressing investors ahead of the Annual General Meeting (AGM) to be held on 10 June 2026, management said the five-year journey delivered record profitability, unprecedented shareholder returns and a significantly expanded role in Tanzania's economic development.

The lender used its annual Investors Breakfast Briefing not only to present its strongest-ever financial performance, but also to mark the successful conclusion of its 2021–2025 Medium-Term Plan (MTP), a strategy that fundamentally reshaped the scale, reach and influence of Tanzania's largest bank.

Presentations by Managing Director and Chief Executive Officer Ruth Zaipuna, Chief Financial Officer Juma Kimori and Director of Investor Relations, Sustainability and Communications Innocent Yonazi painted a picture of an institution that has evolved from a leading commercial bank into one of Tanzania's most important economic enablers.

In 2025, NMB became the first company in Tanzania to surpass the TZS 1 trillion profit-before-tax mark, capping a five-year period of sustained growth in earnings, assets, deposits, lending and customer acquisition.

The strategy was designed to strengthen customer centricity, accelerate digital transformation, improve operational efficiency and deepen the bank's contribution to national development. Over the period, NMB expanded financial inclusion, strengthened support for general enterprises (MSMEs), increased financing to productive sectors and significantly enhanced its digital capabilities.

"This has been a defining chapter in our history," Ms Zaipuna told investors. "The transformation we have achieved over the past five years has created a stronger institution, a more resilient business model and a solid foundation for the future."

She said NMB had moved beyond being merely a successful bank to becoming a national economic institution with a growing role in supporting Tanzania's long-term development ambitions.

The impact of the strategy extended well beyond financial performance.

Over the five-year period, NMB deployed more than TZS 28 trillion to strategic and inclusive sectors of the economy, distributed over TZS 700 billion in dividends to shareholders, contributed TZS 2.7 trillion in taxes to the government and invested TZS 24 billion in community development initiatives across the country.

The significance of NMB's growing economic role was echoed by the Minister of State in the President's Office for Planning and Investment, Prof Kitila Mkumbo, who officiated the event.

He described the lender as a trusted partner in Tanzania's development journey and a key contributor to the country's economic transformation.

"Tanzania's impressive growth story over the last two decades, with GDP growth averaging about six percent, cannot be told without recognising the contribution of institutions such as NMB Bank," Prof Mkumbo said.

He noted that beyond providing large-scale financing to productive sectors, the bank has played a critical role in formalising the economy by extending financial services and credit to MSMEs.

"Despite the progress we have made, a significant portion of our economy remains informal. Financial institutions such as NMB are helping address this challenge by bringing more businesses into the formal economy and expanding access to capital," he said.

Prof Mkumbo said the Sixth Phase Government regards NMB as one of the key institutions that will help translate Dira 2050 into reality through financing, investment and economic empowerment.

He reaffirmed the government's commitment to maintaining a policy environment that supports private-sector growth and financial sector development.

"We will continue creating conditions that enable banks such as NMB to grow, become more efficient and remain profitable so that they can play an even greater role in supporting Tanzania's development ambitions," he said.

Ms Zaipuna said future priorities include expanding sustainable finance, advancing digital banking, enhancing customer experience and exploring regional growth opportunities.

Director of Investor Relations, Sustianability and Corporate Communications, Innocent Yonazi said the bank's future ambitions are closely aligned with Tanzania's broader development aspirations.

"As the country grows and evolves, our responsibility is to ensure that we continue providing the financial solutions, investments and partnerships needed to support that transformation," he said.

He added that while NMB's growth over the past five years has mirrored Tanzania's economic progress, its next chapter will increasingly be shaped by the ambitions outlined in Dira 2050 and the country's long-term development agenda.