Maendeleo Bank Named Tanzania's Fastest Growing SME Bank for 2023

TLDR

• The award, presented by Global Banking & Finance Review, comes as Maendeleo Bank implements its 2025– 2030 strategic plan which identifies business growth, talent and culture transformation, and technology.
• DAR ES SALAAM: MAENDELEO Bank Plc has been named Tanzania’s fastestgrowing SME bank for this year highlighting its expanding business-lending strategy as the lender seeks to deepen support for small and medium.
• Maendeleo Bank Managing Director, Lomnyaki Saitabau said the recognition reflected the contribution of the bank’s SME unit and frontline staff working directly with business customers.
• Global Banking & Finance Review awards the Fastest Growing SME Bank title annually to financial institutions demonstrating growth alongside innovation and quality services for SMEs.
• Mr Saitabau said the bank had aligned its products and services with the needs of SMEs and would use the recognition to strengthen its support for businesses.