NMB BANK PLC (NMB) — Q4 2024
Earnings report for NMB BANK PLC (NMB) for Q4 2024 (iliyotolewa 24 Jan 2025). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net profit after tax for the year ended 31 December 2024 was TZS 644 Billion, an 18% increase year-on-year.
- Profit Before Tax for the year ended 31 December 2024 was TZS 931 Billion, a 20% increase year-on-year.
- Total assets grew by 13% year-on-year to TZS 13.7 Trillion as at 31 December 2024.
- Total deposits increased by 13% year-on-year to TZS 9.5 Trillion as at 31 December 2024.
- Loans & advances grew by 10% year-on-year to TZS 8.5 Trillion as at 31 December 2024.
- Non Performing Loans to Gross Loans stood at 2.9% and Cost to Income Ratio (CIR) was 38% for the period ended 31 December 2024.