Private banking awards national winners 2026: Tanzania

Best private bank: NMB Bank

NMB Bank’s performance stood out among its peers during the review period, successfully marrying scale and growth. Assets under management (AUM) were up 24.4% year-on-year by July 2025, while revenue was up 10.8% and net new money up 31%. 

NMB’s corporate strategy emphasises creating long-term customer experience. During the review period, the bank successfully boosted the rates of ESG-integrated AUM (to 28%) and digital adoption (to 78%). It expanded its premier lounges and implemented mandatory AML/CFT training for all staff.

On the product side, NMB has innovated across the traditional and alternative assets space.

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