Indexed topics
FINANCE 1 excerpts · 1 articles · 1 outlets

Maendeleo Bank's Net Profit After Tax Increased 60.8% in First Half of 2023

Latest Tanzania finance news · Maendeleo Bank's Net Profit After Tax Increased 60.8% i… explained · 2023 updates · updated Aug 12, 2026 · economy news · GDP · investment

D

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.
  • Net profit after tax increased 60.8 per cent in the first half of this year from the corresponding period last year, while income from fees and commissions rose 95.8 per cent.
  • 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.

Latest news excerpts & sources: Maendeleo Bank's Net Profit After Tax Increased 60.8% i…

dailynews.co.tzRead more

The bank has expanded its operations over the past year after obtaining a national banking licence and increasing its branch network to six locations, including a new outlet in Arusha. The recognition comes as the bank reports stronger financial performance. Net profit after tax increased 60.8 per cent in the first half of this year from the corresponding period last year, while income from fees and commissions rose 95.8 per cent.

Ask anything about this topic — timeline, impact, actors, or Tanzania connections.