NMB Bank PLC Quarter 3 2025 report

NMB Bank Plc has once again demonstrated its financial resilience and strategic agility with the release of its Quarter 3, 2025 financial results, showcasing sustained growth across major performance indicators. The results, published on October 24, 2025, highlight the bank’s ability to maintain profitability, expand its asset base, and strengthen its capital position amid a challenging macroeconomic environment.

Led by Chief Executive Officer Ruth Zaipuna, Chief Financial Officer Juma Kimori, and Board Chairman David Nchimbi, NMB Bank continues to deliver consistent shareholder value through prudent financial management, strong asset quality, and innovation-driven customer engagement.

The following analysis provides a comprehensive breakdown of NMB Bank’s financial results for the quarter ended 30 September 2025, comparing them to both Q2 2025 and the same period in 2024, and offering insights into the bank’s performance trajectory.

Click here to donwnload NMB Bank PLC Q 3 UNAUDITED REPORT 2025

1. Key NMB Bank PLC Financial Highlights (Q3 2025)

These figures underscore NMB Bank’s ability to sustain double-digit profitability growth while maintaining asset quality and capital adequacy.

2. NMB PLC’s Balance Sheet Strength: Growth in Assets and Deposits

The bank’s balance sheet continues to expand at a healthy pace. Total assets rose to TZS 15.47 trillion, up from TZS 14.61 trillion in the previous quarter, driven primarily by growth in government securities, customer loans, and cash balances.

2.1 NMB Bank PLC Asset Composition

This growth demonstrates NMB Bank’s diversified asset allocation, ensuring liquidity while maintaining strong lending performance. Increased holdings in government securities suggest strategic balancing between yield generation and risk mitigation.

3. NMB Bank’s Liability Profile and Customer Confidence

Customer deposits remain the cornerstone of NMB Bank’s funding structure. The Q3 2025 results show customer deposits at TZS 10.87 trillion, reflecting an 8% quarterly growth — a sign of sustained public confidence and the bank’s strong retail and corporate relationships.

3.1 Liabilities Overview

NMB’s prudent debt management is reflected in the 8% reduction in borrowings, signaling optimized leverage ratios and a focus on deposit-based funding.

4. Profitability and Income Statement Analysis for NMB Bank PLC

4.1 Revenue Breakdown

NMB Bank’s interest income for Q3 2025 stood at TZS 398.36 billion, representing a 15% year-on-year increase from TZS 344.97 billion in Q3 2024. The cumulative nine-month interest income reached TZS 1.13 trillion, highlighting strong lending activity.

Despite a minor decline in non-interest income due to reduced FX trading gains, the strong growth in interest income offset the dip, resulting in a solid 14% increase in net profit.

4.2 NMB Bank’s Expense Management and Efficiency

The bank continues to maintain tight control over operating costs. Non-interest expenses rose modestly by 13%, from TZS 445.8 billion to TZS 497.8 billion, largely due to higher staff-related expenses.

Despite this, non-interest expenses as a share of gross income remained controlled at 38%, only slightly above last year’s 37%, demonstrating effective cost management amid business expansion.

5. NMB Bank PLC Cash Flow Dynamics

NMB Bank generated positive operating cash flows of TZS 476.6 billion in Q3 2025, reflecting solid internal liquidity. Notably, net cash from operating activities for the year-to-date reached TZS 902.1 billion, compared to TZS 546.6 billion in the previous year.

• Investing activities resulted in an outflow of TZS 176.4 billion, primarily due to acquisition of securities and capital assets.
• Financing activities consumed TZS 408.6 billion, mainly due to dividend payouts and debt repayments.

The bank’s cash and cash equivalents increased to TZS 2.10 trillion, underscoring healthy liquidity and balance sheet stability.

6. NMB Bank PLC Shareholders’ Funds and Capital Adequacy

Shareholders’ equity rose to TZS 2.89 trillion, compared to TZS 2.70 trillion in Q2 2025, driven by retained earnings and comprehensive income.

This strong capital position ensures compliance with the Bank of Tanzania’s capital adequacy requirements, providing a cushion for future growth and dividend sustainability.

7. Key Financial Ratios and Performance Indicators for NMB Bank

7.1 Profitability and Efficiency Ratios

7.2 Asset Quality and Risk Indicators

NMB Bank’s 2.7% NPL ratio is well below the industry average of 4.5%, showing the strength of its credit risk management systems.

7.3 Liquidity and Capital Adequacy

8. NMB Bank Dividends and Shareholder Value

NMB Bank remains committed to shareholder returns, as reflected in its 2025 interim dividend payout of TZS 214.4 billion.

9. Operational Expansion and Workforce of NMB Bank PLC

• Number of Branches: 242 (up from 240 in 2024)
• Number of Employees: 4,044 (up from 3,847 in 2024)

This expansion supports NMB’s long-term digital and service delivery strategy, aligning physical growth with technology-driven banking solutions.

10. NMB Bank Comprehensive Income and Fair Value Movements

This demonstrates the bank’s ability to generate value through core banking operations and investment portfolio gains.

11. Cash Flow Overview of NMB Bank PLC

11.1 Operating Cash Flow

NMB Bank generated TZS 902.1 billion in operating cash flows during the nine months ended September 2025 — up 65% from the previous year.

11.2 Investing and Financing Activities

• Investing: Outflow of TZS 176.4 billion, mainly from acquisition of fixed assets.
• Financing: Outflow of TZS 408.6 billion, primarily due to dividend payments.

Overall, cash and cash equivalents increased from TZS 1.95 trillion to TZS 2.10 trillion, maintaining strong liquidity.

12. Market Position and Strategic Outlook of NMB Bank

NMB Bank continues to hold a dominant position in Tanzania’s banking sector, supported by:

• Strong retail and SME base
• Low credit risk exposure
• Efficient cost structure
• Advanced digital infrastructure

12.1 Digital Transformation

NMB has expanded mobile and agency banking, leveraging AI-driven analytics for credit scoring and fraud prevention — setting the tone for a more inclusive and tech-driven financial ecosystem.

13. Economic and Regulatory Context

Tanzania’s economy maintained stability in 2025:

• GDP growth: 5.2%
• Inflation: 3.5%
• Stable monetary policy from the Bank of Tanzania

NMB Bank’s results align perfectly with this macroeconomic context, benefiting from stable rates and rising credit demand.

14. Comparative Analysis of NMB Bank with Industry Peers [Banks in Tanzania]

This reinforces NMB’s reputation as Tanzania’s most profitable and stable financial institution.

15. Governance, Transparency, and Compliance

The report, signed by Ruth Zaipuna (CEO), Juma Kimori (CFO), and David Nchimbi (Chairman), affirms compliance with:

• IFRS Standards
• Banking and Financial Institutions Act, 2006
• Bank of Tanzania regulations

NMB’s transparency continues to build trust among stakeholders and investors.

16. Outlook for NMB Q4 2025 and Beyond

The bank’s strategic priorities include:

1. Digital Acceleration – Scaling online and mobile platforms
2. SME and Agricultural Lending – Supporting key economic sectors
3. Sustainable Finance – Integrating ESG principles
4. Regional Expansion – Building cross-border partnerships

Given these pillars, NMB is poised to maintain growth momentum into Q4 and beyond.

17. Conclusion

NMB Bank Plc remains a powerhouse in Tanzania’s financial landscape.

Key takeaways:

• 14% YoY profit growth
• 8% deposit expansion
• Improved asset quality with 2.7% NPL ratio
• Sustained ROE at 26%
• Strong liquidity position

As NMB advances its digital and sustainability agenda, it continues to exemplify financial excellence and shareholder value creation across East Africa.