NMB Bank Plc has reported a net profit of TZS 358.6 billion for the first half of 2025, reflecting a strong 14% year-on-year growth from TZS 314.2 billion in the same period last year, according to its Q2 Financial Statement for the period ended 30 June 2025.

The performance underscores NMB’s continued dominance in Tanzania’s banking sector, driven by rising interest income, steady deposit growth, and prudent cost management.

🏦 NMB BANK PLC Strong Profitability and Improved Earnings

For the quarter ending June 2025, the bank recorded a net income after tax of TZS 174.4 billion, up from TZS 153.8 billion in Q2 2024.
Before-tax profit reached TZS 249 billion, compared to TZS 221.6 billion in the corresponding quarter last year.

NMB’s earnings per share (EPS) rose to TZS 1,395, up from TZS 1,231 a year earlier, highlighting improved shareholder value creation.

💰 NMB BANK PLC Interest Income and Non-Interest Revenue Surge

The bank’s interest income grew by 10.4%, reaching TZS 371.2 billion in Q2 2025, compared to TZS 336.3 billion in Q2 2024.
This growth was supported by a healthy credit portfolio and higher yields on government securities.

Non-interest income—comprising fees, commissions, and foreign exchange gains—rose 10.7% year-on-year to TZS 148.7 billion, up from TZS 134.3 billion.
Fee and commission income alone contributed TZS 116.4 billion, reflecting the bank’s strategic emphasis on digital and transactional banking products.

⚙️ Controlled Costs and Healthy Efficiency Ratio

Operating expenses increased moderately by 13% to TZS 165.1 billion, driven mainly by staff benefits and system upgrades.
Despite this, NMB maintained a cost-to-income ratio (CIR) of 38%, reflecting operational efficiency and disciplined cost management.

The return on average shareholders’ funds stood at 26%, while the return on average assets remained strong at 5%, reinforcing the bank’s ability to generate value efficiently.

📈 Solid Balance Sheet Expansion

NMB’s total assets rose by 2% to TZS 14.61 trillion in June 2025, from TZS 14.29 trillion in March 2025, supported by continued growth in loans, advances, and government securities.

Customer deposits increased by 4%, reaching TZS 10.05 trillion, compared to TZS 9.66 trillion in the previous quarter, reflecting growing customer confidence and an expanding retail footprint.

The bank’s gross loans and advances accounted for 63% of total assets, while the non-performing loan (NPL) ratio improved slightly to 2.9% from 3.1%, indicating robust credit quality and effective risk management.

💵 NMB BANK PLC Dividend and Shareholders’ Equity

NMB paid TZS 214.4 billion in dividends during the first half of the year, underscoring its commitment to rewarding shareholders.
Despite dividend payouts, shareholders’ equity stood at TZS 2.7 trillion, slightly down from TZS 2.74 trillion in March, mainly due to retained earnings adjustment and fair value losses on investment securities.

The capital adequacy ratio remains comfortably above regulatory requirements, demonstrating a strong capital base to support growth.

💧 NMB BANK PLC Cash Flow and Liquidity Position

The bank generated TZS 425 billion in net cash from operating activities, driven by higher deposit inflows and loan recoveries.
Cash and cash equivalents increased to TZS 1.95 trillion, from TZS 1.88 trillion at the start of the year, reinforcing NMB’s strong liquidity buffer.

🏢 NMB BANK Operational Expansion and Workforce Growth

NMB expanded its branch network to 242 branches, up from 234 in the previous year, while total employees rose to 3,982, supporting its growth and digital transformation agenda.

The lender’s digital banking platforms, including the NMB Mkononi App and mobile USSD services, continued to drive financial inclusion, facilitating cross-border remittances to Kenya, Rwanda, Uganda, and South Africa under its “Worldwide Pesa” initiative.

🔮 Outlook for the Second Half of 2025

With Tanzania’s economy projected to grow steadily, NMB is well-positioned to sustain profitability through continued investment in technology, customer experience, and regional expansion.

Chief Executive Officer Ruth Zaipuna reaffirmed the bank’s commitment to sustainable growth and innovation, stating:

“We continue to focus on delivering value for our customers and shareholders through prudent lending, efficient operations, and digital transformation.”

📊 NMB BANK’S Key Financial Highlights (Q2 2025)

🧭 Conclusion

NMB Bank’s Q2 2025 financial results paint a picture of resilience, operational excellence, and strategic discipline.
While global and local economic uncertainties persist, the bank’s strong asset base, efficient cost structure, and steady deposit growth position it as a key driver of Tanzania’s financial sector.

As NMB continues to expand its reach and digital footprint, its consistent profitability reinforces investor confidence and cements its status as a cornerstone of the Tanzanian economy.

Source: NMB Bank Plc Q2 2025 Financial Statement (Unaudited)

Click here to download NMB Bank PLC’s Q2 2025 financial statement