NMB Bank Plc has emerged as the most valuable company on the Dar es Salaam Stock Exchange with a market capitalization of TZS 4.2 trillion. The bank's share price climbed 57% in 2025, rising from TZS 5,350 to TZS 8,410 by year-end and reaching TZS 9,120 in early January trading.

Key Points

• Market cap at TZS 4.2 trillion, highest on DSE
• Share price gained 57% in 2025, now trading at TZS 9,120
• NMB commands 23% of net loans and 30% of banking sector profitability

Background

NMB's rally reflects strong investor confidence in Tanzania's banking sector. The bank has maintained its position as the country's most profitable lender, with market-leading positions in loans and deposits. Peer CRDB Bank also recorded significant gains, with its valuation jumping from TZS 1.74 trillion to TZS 3.99 trillion over the same period. The BoT's stable monetary policy and the country's robust economic growth have created favorable conditions for banking sector performance.

What This Means

The banking sector's strong performance signals healthy credit demand and economic activity. For investors, Tanzania's largest banks offer exposure to the country's growth story. The DSE overall has seen increased trading volumes as both local and foreign investors increase allocations to Tanzanian equities.