Tanzania bank profits rise 17.1% to TZS 2.11 trillion in nine months

Wednesday 11th November 2026

By inAfrika Newsroom

Combined profit after tax at 43 Tanzanian banks and financial institutions rose 17.1% to TZS 2.11 trillion in the nine months to September, according to an AML Finance review reported by TanzaniaInvest on 10 November. The review drew on published unaudited statements and put profit in the same period of 2025 at about TZS 1.80 trillion.

CRDB and NMB accounted for 61.9% of the profit covered by the review, compared with 47.8% of the assets. The review put CRDB’s profit at TZS 672.07 billion and NMB’s at TZS 634.60 billion. CRDB’s investor page lists profit of TZS 672 billion, rounded, and NMB lists its quarterly statement among its filings.

The institutions in the review held assets of TZS 97.73 trillion at the end of September. Loans and advances stood at TZS 59.27 trillion and customer deposits at TZS 65.12 trillion. The 16 institutions with assets above TZS 1 trillion accounted for nearly all of the combined profit.

The results varied below the largest lenders. The review reported a profit of TZS 6.68 billion for TIB Development Bank, following a loss of TZS 9.25 billion a year earlier. Eight smaller institutions reported combined losses of about TZS 10.16 billion.

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