Dar es Salaam, May 1 -- DAR ES SALAAM: TANZANIAS banking sector is fiercely contested by two dominant players: CRDB Bank and NMB Bank. CRDB remains the largest lender by assets, while NMB leads as the most profitable institution in the country, according to their 2024 financial results.

A closer examination reveals distinct strengths and growth trajectories for these two financial giants. NMB made a pre-tax profit of 931bn/- in 2024, a substantial 20 per cent increase from 774.8bn/- in the previous year.

This growth was primarily driven by increased net interest income stemming from a larger loan portfolio and effective management of funding costs, coupled with higher non-interest income from fees on digital transactions and trade finan...