NMB BANK PLC (NMB) — FY 2023
Earnings report for NMB BANK PLC (NMB) for FY 2023 (iliyotolewa 24 May 2024). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net profit after tax increased by 26.3% to TZS 545.2 billion (2022: TZS 431.6 billion).
- Total assets reached TZS 12.2 trillion, an 18.9% increase year-on-year.
- Return on Average Equity (ROE) increased to 28.6% (2022: 25%).
- Cost to Income Ratio (CIR) improved to 39.0% (2022: 41.7%).
- Loans and advances to customers grew by 28.1% to TZS 7.7 trillion.
- Non-Performing Loan (NPL) ratio stood at 3.2% (2022: 3.1%), below the regulatory threshold of 5%.