Tanzania’s commercial banks recorded a combined net profit of Sh1.2 trillion in the first half of 2025, marking a 9% increase from Sh1.09 trillion posted during the same period in 2024, according to an analysis by The Citizen.

The strong performance was driven by robust growth in both interest-based and non-interest income, reflecting sustained momentum that could lead to another record-breaking year for the industry. In 2024, banks posted a record Sh2 trillion in profit — the highest in the sector’s history.

The analysis, which covers 32 licensed commercial banks, highlights the resilience and continued growth of the sector, supported by:

📈 Rising profitability

⬆️ Growing digital revenue

💰 Steady credit expansion

📊 Key Financial Highlights (H1 2025):
Interest income: Sh2.24 trillion (+12%)

Non-interest income: Sh1.29 trillion (+15%)

Total assets: Sh68.7 trillion, up from Sh66.5 trillion in June 2024 (+3%)

🏦 Top Performers:
NMB Bank: Net profit of Sh358.57 billion (+14%)

CRDB Bank: Net profit of Sh346.45 billion (+26%)

The sector’s performance reinforces growing confidence in Tanzania’s financial industry, driven by increased digital penetration, expanding credit to the private sector, and a stable macroeconomic environment.