60.8% Increase in Net Profit After Tax for Maendeleo Bank
Latest Tanzania finance news · 60.8% Increase in Net Profit After Tax for Maendeleo Ba… explained · 2025 updates · updated Aug 12, 2026 · economy news · GDP · investment
TLDR
- Net profit after tax rose 60.8 percent and income from fees and commissions rose 95.8 percent, both compared to the same period in 2025.The Fastest Growing SME Bank award is presented annually by Global Banking &.
- Maendeleo Bank Plc has been named Fastest Growing SME Bank Tanzania 2026 by Global Banking & Finance Review, published by GBAF Publications Ltd.
- Business growth, including SME growth, is one of three named pillars of Maendeleo Bank's Strategy 2025 to 2030 focusing on Talent and culture transformation, Technology transformation and Business growth.
- The award recognizes financial institutions that combine rapid growth with innovative, high-quality service for small and medium enterprises.Maendeleo Bank Plc is a Tanzanian commercial bank founded in 2013 by the.
- The Bank serves Church institutions, retail, and business banking customers through six branches, with a strategic ambition to reach 0.5trn/- in total assets and Tier 1 status by 2030.