DAR ES SALAAM, Oct. 24 -- NMB Bank has been ranked among Africas top 40 banks, emerging as the only Tanzanian lender at slot 36 in the list mainly based on initial capital, plus reserves and retained earnings, which demonstrates a banks overall strength.

The latest ranking showed that there is no any East African bank in the list of top 20 while in the top 40 Kenya has three banks and only one from Tanzania.

According to African Business Magazines 2025, rankings were based on total capital, total assets and profitability, confirming the banks strength and sustainability in a challenging regional and global environment.

The NMB Bank Managing Director and Chief Executive Officer, Ms Ruth Zaipuna, said the recognition represents the stren...