Dar es Salaam. The Treasury Registrar, Mr Nehemiah Mchechu, has officially launched NMB Bank’s Medium-Term Strategic Plan for 2026–2030, branded Agenda 2030.
Speaking during the launch, which aims to enhance the bank’s operational performance, Mr Mchechu commended NMB’s management and board of directors for positioning the bank among the leading financial institutions contributing significantly to Tanzania’s economic growth.
He noted that over the past five years, the government, through the Office of the Treasury Registrar, which holds a 31.8 per cent stake in NMB, has earned Sh670 billion from its investment in the bank, of which Sh224 billion came from dividends.
Mr Mchechu also poured praises on NMB for aligning its priorities with the vision of Her Excellence President Dr Samia Suluhu Hassan, particularly in the areas of health, education, entrepreneurship and the environment.
Emphasising the importance of that development direction, he said he would like to see all institutions in the Dira 2050.
He cited NMB as an example of an institution implementing that direction through strong financial performance and prudent loan management.
“A bank that has been issuing an average of Sh5.6 trillion in loans annually while maintaining a non-performing loan ratio of just 2.5 per cent is something truly remarkable — congratulations to NMB,” he said.
He further urged customers and investors to continue trusting and seeking services from NMB, stressing that it is a safe place to invest their money.
Earlier, NMB Chief Executive Officer, Ms Ruth Zaipuna, said the bank is proud of the major achievements recorded over the past five years, closing the period with a profit of Sh1.1 trillion, equivalent to a 15 per cent increase.
Providing a breakdown, she explained that profit after tax for 2025 stood at Sh750 billion, a 16 per cent increase, while total income reached Sh1.82 trillion (an 11 per cent rise) and the bank’s total assets grew to Sh17.2 trillion.
“Throughout the implementation of MTP 2025, NMB recorded solid results, including strong financial performance and a broad contribution to stimulating and enabling economic activities,” Ms Zaipuna said.
She added that during the five-year period, the bank generated a cumulative profit of Sh2.7 trillion.
In addition, total loans issued exceeded Sh27.6 trillion, customer deposits reached Sh12.4 trillion, and the number of customer accounts increased to 9.9 million.
Ms Zaipuna said the bank takes pride in the achievements realised under MTP 2025 and expressed strong confidence that MTP 2030 will be a catalyst for NMB’s next phase of growth, building a stronger bank with sustainable expansion that reflects current and future market needs.
She said the new Strategic Plan builds on past successes and sets a direction for sustainable growth driven by customer focus, technology and operational efficiency.
During the new strategic period, the bank will place special emphasis on delivering superior customer service, strengthening digital transformation and leveraging data strategically.
NMB also plans to prioritise financing strategic sectors that drive employment, production and value addition in the economy, including agriculture, construction, manufacturing, tourism, energy and mining.
“This plan will expand the scope of our operations beyond current banking services, while also extending the bank’s footprint beyond Tanzania’s borders.
He went on to add: “We are going to invest and fly Tanzania’s flag high in standards of excellence and efficiency in international markets,” she emphasised.”
