Maendeleo Bank PLC (DAR:MBP)

Maendeleo Bank Income Statement

Financials in millions TZS. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	20,219	15,977	15,809	12,844	11,011
Interest Paid on Deposits	7,942	6,424	5,898	5,306	4,511
Net Interest Income	12,277	9,552	9,911	7,538	6,500
Net Interest Income Growth (YoY)	28.52%	-3.62%	31.48%	15.97%	23.94%
Other Non-Interest Income	3,092	2,994	2,119	1,570	1,343
Total Non-Interest Income	3,092	2,994	2,119	1,570	1,343
Non-Interest Income Growth (YoY)	3.28%	41.27%	34.94%	16.95%	-10.15%
Revenues Before Loan Losses	15,369	12,546	12,030	9,108	7,843
Provision for Loan Losses	1,435	1,506	3,104	1,780	884.84
Revenue	13,934	11,040	8,927	7,328	6,958
Revenue Growth (YoY)	26.21%	23.67%	21.81%	5.32%	14.55%
Salaries and Employee Benefits	4,869	3,813	3,191	2,859	2,638
Occupancy Expenses	-	811.23	760.09	757.87	831.48
Selling, General & Administrative	-	3,875	3,013	3,049	2,819
Other Non-Interest Expense	5,377	-84.75	-21.77	-43.02	-34.23
Total Non-Interest Expense	10,246	8,415	6,943	6,622	6,255
EBT Excluding Unusual Items	3,688	2,625	1,984	706.15	703.34
Pretax Income	3,688	2,625	1,984	706.15	703.34
Income Tax Expense	854	277.64	568.58	118.71	-14.38
Net Income	2,834	2,348	1,416	587.44	717.72
Net Income to Common	2,834	2,348	1,416	587.44	717.72
Net Income Growth	20.72%	65.85%	140.97%	-18.15%	210.52%
Basic Shares Outstanding	26	26	26	26	25
Diluted Shares Outstanding	26	26	26	26	25
Shares Change (YoY)	-0.05%	0.01%	0.03%	6.52%	2.86%
EPS (Basic)	108.00	89.42	53.92	22.38	29.13
EPS (Diluted)	108.00	89.42	53.92	22.38	29.13
EPS Growth	20.78%	65.84%	140.89%	-23.16%	201.88%
Effective Tax Rate	23.16%	10.57%	28.66%	16.81%	-

Source: S&P Global Market Intelligence. Banks template. Financial Sources.