DEVELOPMENT BANK CONTINUES STRONG MARKET PERFORMANCE



Development Bank PLC has continued to demonstrate strong financial stability after recording profit growth for 11 consecutive years since 2015, reflecting steady business expansion and growing customer confidence.

Speaking to journalists in Dar es Salaam, the bank’s Head of Finance, Nolasco Charles, said the achievements are a result of visionary leadership and effective implementation of business strategies.

He noted that for the year ending December 31, 2025, the bank recorded total revenue of TZS 29.05 billion, up from TZS 23.00 billion in 2024, representing a 26 percent increase.

Additionally, net interest income rose to TZS 25.78 billion from TZS 20.06 billion, while profit before tax reached TZS 5.02 billion, up from TZS 3.85 billion, equivalent to a 30 percent growth. Profit after tax also increased to TZS 4.75 billion from TZS 3.68 billion.

According to Charles, this growth was largely driven by improved lending activities and increased customer deposits, which grew by 31 percent to reach TZS 136.20 billion in 2025.

“Loan quality has continued to improve, with non-performing loans declining to 4.51 percent from 4.76 percent the previous year,” he said.

In another development, he revealed that the bank’s share price at the Dar es Salaam Stock Exchange (DSE) has surged by over 600 percent, rising from TZS 38 in April 2025 to TZS 2,480 as of April 13, 2026, indicating strong investor confidence.

He added that these achievements have been supported by the implementation of a six-year strategic plan (2025–2030), which focuses on strengthening human resources, advancing technology, and expanding digital services including mobile and internet banking.

However, the bank emphasized its continued focus on risk management to ensure sustainable and secure growth.

Regarding 2026, Charles said the bank is planning to further expand its operations while prioritizing customers by offering innovative and accessible services tailored to their needs.

He also thanked the bank’s employees and customers for their support, noting that the success achieved is a result of collective effort.

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