Small and medium banks with the net assets of less than 500bn/- recorded an impressive performances during the first half of this year, as they join large bank by recording the growth of profitability during the first half of this year, compared to similar period of last year.

According to unaudited financial statements for the second quarter of this year ended in on 31st June, may reported strong balance sheets, driven by quality assets, specifically lending to various sectors of the economy as well as strong cumulative profit growths, driven by both funded and non-funded incomes.

The statements by China Dasheng Bank shows net income after income tax increased to 3.4bn/- during the first six months of this year, compared to 2.3bn/- recorded during similar period of last year due to growth of both interest and non-interest income.

The bank’s net interest income amounted to 6.6bn/- during the first half of this year from 6.2bn/- recorded during the first half of last year, while non-interest income amounted to 7bn/- against 6.3bn/- recorded during the comparative period.

Lending to various sectors of the economy amounted to 33.6bn/- during the end of June this year, with the lowest non-performing loans to total loans of only 3 percent, which is lower than regulatory benchmark of 5 percent. 

Its balance sheet was also strong, as total assets amounted to 126bn/- mostly driven by investments in government debt instruments, lending and lending to other banks and financial institutions.

Ecobank recorded a net income after income tax of 1.8bn/-, from 5.8bn/- due to decline of foreign currency dealing and transaction to 2.9bn/- from 7.1bn/- as well as slight decline of funded incomes, which amounted to 8.5bn/- compared to 9.4bn/-.

However, the bank managed to increase its total assets to 403bn/- during the end of June 2025, compared to 334bn/- recorded in March this year, due to expansion of lending, cash, other assets and interbank loan receivables.

Lending to various sectors of the economy increased to 169bn/- from 111bn/-, with non-performing loans being 0.9 percent, a decline of more than 50 percent from 1.2 percent recorded at the end of March.

Maendeleo Bank’s profit after income tax grew to 1.3bn/- from 1.1bn/- respectively, which translated into increase of both basic and diluted earnings per share to 52/- from 45/-.

The bank’s total assets jumped to 161bn/- during the end of June from 155bn/- recorded during the end of March this year, driven by loans, which amounted to 92bn/- from 88bn/- and investment in government debt instruments, which closed at 35bn/- by June this year.

Mwanga-Hakika bank income after income tax amounted to 6.1bn/- against 6.5bn/-, despite of recording an operating profit of 8.4bn/- against 7.5bn/- recorded during the first half of last year. The slight decrease of net profit resulted from more than doubled income tax provision.

The bank managed to expand its total assets to 394.8bn/- at the end of June this year from 355.5bn/- at the end of March, while loans amounted to 247.3bn/- from 220bn/- respectively, with lowest NPLs of 1.3 percent.

However, the financial highlights shows that the bank managed to expand its year-on-year total assets by 52.90 percent, while loans portfolio grew by 43.82 percent year-on-year ended in June.

Finca microfinance saw its net income after income tax growing for more than double to 561m/- from 195m/-, amid slowdown of funded incomes, whereby net interest income from 39.1bn/- from 36.6bn/-.

The microfinance bank total assets closed the second quarter of this year at 101.5bn/-, driven by loans, advances and overdraft, which accounted for 61 percent of total assets at 61.6bn/-.

Selcom Microfinance also recorded the sharp growth of its cumulative net profit after income tax to 1.5bn/- at the end of June this year from 496m/- recorded during the first half of last year, due to slowdown of non-interest expenses, specifically operating expenses and salaried and benefits.

Cooperative Bank’s recorded a net income after income tax of 1.6bn/- during the first half of this year, with nearly doubled net assets of 89.8bn/- during the second quarter of this year compared to 47.4bn/- during the first quarter.

DCB Bank, which is also listed at the Dar es Salaam Stock Exchange (DSE) posted a net income after income tax of 224m/- from a loss of 358m/- recorded during the first half of last year, while Amana Bank posted a net income after income tax of 2.7bn/-, a slight decline from 3.1bn/- recorded in H1, 2024.

The statements shows Mwalimu Commercial Bank posted a net income after income tax of 187m/- during the first half of this year from 223m/- recorded during H1, 2024, while Bank of India ended the first half of this year with a net income after income tax of 1.8bn/- compared to 1.5bn/- respectively.

According to the statement, Bank of Baroda also recorded similar trend as its net profit during the first half of this year amounted to 2.3bn/-.