NMB ranked among Africa’s top 40 banks
DAR ES SALAAM: NMB Bank has been ranked among Africa’s top 40 banks, emerging as the only Tanzanian lender at slot 36 in the list mainly based on initial capital, plus reserves and retained earnings, which demonstrates a bank’s overall strength.
The latest ranking showed that there is no any East African bank in the list of top 20 while in the top 40 Kenya has three banks and only one from Tanzania.
According to African Business Magazine’s 2025, rankings were based on total capital, total assets and profitability, confirming the bank’s strength and sustainability in a challenging regional and global environment.
The NMB Bank Managing Director and Chief Executive Officer, Ms Ruth Zaipuna, said the recognition represents the strength of their strategy, the resilience of their people and their customers trust place.
“It is a proud moment for Tanzania and a reminder of our responsibility to keep building a world-class financial institution that delivers sustainable value for all stakeholders,” Ms Zaipuna said.
These achievements stem from the successful implementation of the 2021–2025 Medium-Term Plan, which prioritised financial inclusion, digital transformation, operational efficiency and sustainability.
As of June, NMB’s total assets exceeded 14tri/- supported by a solid capital base, strong liquidity and a fiveyear annual growth rate of more than 30 per cent in net profits.
ALSO READ: Govt eyes regional shipping, trade gains
According to African Business Magazine, NMB has made significant progress in this year’s rankings, rising from 43rd to 36th place.
As of December, the bank’s capital stood at 784 million US dollars, with a net profit of 6 million US dollars and assets totaling 265 million US dollars. Additionally, its capital adequacy ratio was recorded at 14 per cent.
According to African Business Magazine, this year rankings for NMB showed that the lender has climbed some ladders from 43 to 36 slot, while its tier on capital as last December was 784 million US dollars and net profit 6.0 million US dollars and assets 265 million US dollars’ capital adequacy ratio stands at 14. In 2021, NMB Bank made history as the first bank in Africa to issue a Gender Bond, a groundbreaking initiative that reinforced its commitment to inclusive finance and women’s economic empowerment.
The achievement earned NMB global recognition as the Platinum Winner of the Sustainable Bond of the Year, awarded by the International Finance Corporation (IFC) and the Global SME Finance Forum, a testament to the bank’s leadership in driving sustainable and equitable growth across the continent.
