Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Mwalimu Commercial Bank

MCB · Dar es Salaam Stock Exchange · Incorporated in Tanzania · Company statements

On this page
Company details
Legal name
Mwalimu Commercial Bank Plc
Incorporated in
Tanzania
Listing
MCB on the Dar es Salaam Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Net interest income

    TZS 5.49 billion

    5,485,872 TZS thousands · p25

    +1.4% vs 2024

    Interest income less interest expense, as printed.

  • Profit / (loss) for the year

    TZS 351 million

    351,395 TZS thousands · p25

    +166.1% vs 2024

  • Total assets

    TZS 97.7 billion

    97,671,893 TZS thousands · p26

    +9.3% vs 2024

  • Customer deposits

    TZS 75.1 billion

    75,072,342 TZS thousands · p26

    +9.3% vs 2024

  • Total equity

    TZS 17.0 billion

    17,001,399 TZS thousands · p26

    +2.1% vs 2024

Large amounts are rounded for reading (TZS million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in TZS thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, TZS thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Effective interest income 12,320,459 10,382,910
Effective interest expense (6,723,997) (4,844,523)
Other interest and similar expense1 (110,589) (128,742)
Net interest income 5,485,872 5,409,646
Expected credit losses (414,308) (342,708)
Net interest income after credit losses2 5,071,564 5,066,937
Net fee and commission income 3,937,008 1,752,998
Net trading income 69,764 125,775
Other income 81,939 197,501
Net operating income3 9,160,275 7,143,212
Staff costs (3,744,142) (3,264,558)
Infrastructure costs4 (2,446,229) (1,623,297)
Administration and general expenses (2,483,323) (2,036,967)
Operating expenses (8,673,694) (6,924,822)
Profit before tax 486,582 218,390
Income tax expense (135,187) (86,331)
Profit for the year 351,395 132,059
Total comprehensive Profit for the year 351,395 132,059
Notes and alternative reported figures (4)
  1. “Other interest and similar expense” is an issuer-specific line, not mapped to a shared definition: Note 19: interest on lease liabilities, within net interest income.
  2. “Net interest income after credit losses” is an issuer-specific line, not mapped to a shared definition: Net interest income less expected credit losses.
  3. “Net operating income” is an issuer-specific line, not mapped to a shared definition: The issuer's net operating income: net interest income after credit losses plus net fee and commission, trading and other income.
  4. “Infrastructure costs” is an issuer-specific line, not mapped to a shared definition: Note 11: right-of-use depreciation, depreciation and other premises/IT costs.

Balance sheet

Balance sheet, TZS thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash and balances with Bank of Tanzania 18,936,962 13,293,568
Treasury Bills and Other eligible bills1 –2 1,837,500
Loans and advances to banks 9,042,221 13,545,364
Loans and advances to customers 65,519,474 57,519,378
Income tax recoverable 409,735 401,398
Right of Use Asset 689,199 897,538
Other assets 2,053,580 639,326
Property and equipment 743,937 845,847
Intangible assets 276,785 419,119
Total assets 97,671,893 89,399,037
Deposits from customers 75,072,342 68,683,274
Interbank Borrowings3 3,575,374 1,005,255
Lease Liability4 847,443 893,022
Other liabilities 1,175,335 2,167,481
Total liabilities 80,670,495 72,749,033
Share capital 30,912,460 30,912,460
Advance towards share capital5 7,000,000 7,000,000
Provision General reserve6 20,782 20,782
Accumulated losses (20,931,842) (21,283,237)
(shareholders' equity subtotal) 17,001,399 16,650,005
Total shareholders’ equity and liabilities 97,671,893 89,399,037
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (5)
  1. “Treasury Bills and Other eligible bills” is an issuer-specific line, not mapped to a shared definition: Government treasury bills held.
  2. “Interbank Borrowings”: mapping to a shared definition is uncertain. Printed 'Interbank Borrowings' (note 22, with deposits); the statement of cash flows presents its movement as 'Deposits from banks'.
  3. “Lease Liability” is an issuer-specific line, not mapped to a shared definition: Note 19: lease liabilities, current and non-current not split.
  4. “Advance towards share capital” is an issuer-specific line, not mapped to a shared definition: Note 24: equity: amounts received towards shares not yet issued.
  5. “Provision General reserve” is an issuer-specific line, not mapped to a shared definition: Note 25: equity reserve.

Cash flow

Cash flow, TZS thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Profit before income tax1 486,582 218,390
Depreciation and amortization2 473,161 382,343
Net foreign exchange differences3 (69,764) (125,775)
Loan credit losses charges4 414,308 342,708
Effective interest income5 (12,101,521) (10,342,910)
Effective interest expense6 6,723,997 4,844,523
(subtotal after the adjustments)7 (4,073,236) (4,680,721)
Statutory Minimum Reserve8 (242,556) (619,664)
Loans and advances to banks9 4,503,143 (5,723,333)
Loans and advances to customers10 (8,000,096) 5,034,277
Other assets11 (5,689,843) (1,629,004)
Deposits from customers12 6,389,068 13,661,035
Deposits from banks13 2,570,119 (1,396,547)
Other liabilities14 (1,037,725) (844,039)
Interest received 12,390,223 11,489,363
Tax paid 87,927 (475,786)
Interest paid15 (1,716,831) (8,625,188)
Net cash inflow from operating activities (5,180,195) 6,190,393
Proceeds from sale of investment securities - at FVOCI16 –17 –17
Acquisition of property and equipment (250,490) (369,716)
Acquisition of intangible assets (180,324) (398,911)
Net cash inflow/(outflow) from investing activities (430,814) (768,628)
Repayment of principal portion of lease liabilities 374,478 275,947
Advance towards share capital18 –19 –19
Net cash inflow from financing activities 374,478 275,947
Net increase in cash and cash equivalents 5,123,859 5,697,712
Net foreign exchange difference (66,578) (2,673)
Cash and cash equivalents at 1 January 9,822,313 4,127,274
Cash and cash equivalents at 31 December 14,879,594 9,822,313
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (17)
  1. “Profit before income tax” is an issuer-specific line, not mapped to a shared definition: Starting line of the indirect-method operating cash flows.
  2. “Depreciation and amortization” is an issuer-specific line, not mapped to a shared definition: Adjustment (notes 19 and 20).
  3. “Net foreign exchange differences” is an issuer-specific line, not mapped to a shared definition: Adjustment (note 8).
  4. “Loan credit losses charges” is an issuer-specific line, not mapped to a shared definition: Adjustment (note 17).
  5. “Effective interest income” is an issuer-specific line, not mapped to a shared definition: Adjustment: interest income deducted (note 5).
  6. “Effective interest expense” is an issuer-specific line, not mapped to a shared definition: Adjustment: interest expense added back (note 6).
  7. “(subtotal after the adjustments)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal: profit before income tax plus the adjustments.
  8. “Statutory Minimum Reserve” is an issuer-specific line, not mapped to a shared definition: Operating: change in operating assets.
  9. “Loans and advances to banks” is an issuer-specific line, not mapped to a shared definition: Operating: change in operating assets.
  10. “Loans and advances to customers” is an issuer-specific line, not mapped to a shared definition: Operating: change in operating assets.
  11. “Other assets” is an issuer-specific line, not mapped to a shared definition: Operating: change in operating assets.
  12. “Deposits from customers” is an issuer-specific line, not mapped to a shared definition: Operating: change in operating liabilities.
  13. “Deposits from banks” is an issuer-specific line, not mapped to a shared definition: Operating: change in operating liabilities.
  14. “Other liabilities” is an issuer-specific line, not mapped to a shared definition: Operating: change in operating liabilities.
  15. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating: total interest paid as printed.
  16. “Proceeds from sale of investment securities - at FVOCI” is an issuer-specific line, not mapped to a shared definition: Investing.
  17. “Advance towards share capital” is an issuer-specific line, not mapped to a shared definition: Financing.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)1 6.45 2.14
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (TZS)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Mwalimu Commercial Bank Plc Annual Report and Financial Statements 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Auditax International, Certified Public Accountants, Dar es Salaam, unmodified opinion · signed

    Auditor's sign-off: Auditax International; engagement partner Dr. Straton Makundi (FCCA), ACPA 1747

    Final status: Independent auditor's report (PDF pp21-24) with an unmodified opinion on the bank's annual financial statements, signed by hand by Dr. Straton Makundi (FCCA), ACPA 1747, for Auditax International, Certified Public Accountants, Dar es Salaam, with the handwritten date '31 March 2026' and a firm stamp dated 31 MAR 2026 (PDF p24, page image). The approval line under the statement of profit or loss (p25) and the statement of financial position (p26) is completed by hand '27/03' before the printed '2026' and signed by hand by Francis Cecil Ramadhani (Board Chairman) and Richard Louis Makungwa (Chief Executive Officer) (page images). The auditor's report refers to the statements 'set out on pages 27 to 73', while the statements are printed on folios 25 to 71 of this file.

    Document date
    31 Mar 2026
    Published
    15 Jul 2026
    Auditor's report
    31 Mar 2026
    Board approval
    27 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · TZS thousands (printed “TZS '000”)
    • Statement of cash flows 2025 (p28, text layer and page image agree): net cash from operating activities is printed '(5,180,195)' (negative), but its printed components add to +5,180,193, and the printed net increase in cash (5,123,859) equals +5,180,195 - 430,814 + 374,478. Kept as printed: the operating and net-change checks fail for 2025. The 2024 column adds.
    • 'Net operating income' (p25) is net interest income after credit losses plus fee, trading and other income (an issuer concept); no total operating income before impairment is printed.
    • Statement of cash flows (p28): repayment of principal portion of lease liabilities is printed without brackets (374,478; 2024: 275,947) and tax paid 2025 without brackets (87,927); kept as printed. Interest received, tax paid and interest paid are listed under 'Changes in operating assets and liabilities' with no 'cash generated from operations' subtotal.
    • Statement of financial position (p26): the shareholders' equity section closes with an unlabelled subtotal (17,001,399; 2024: 16,650,005).
    • No other comprehensive income is printed; total comprehensive income equals profit for the year.
    Technical details
    File
    72 pages, with a text layer
    SHA-256
    b27004f23a923d7ea032e5656de48b4b9f6248a10c23abb392c035636e3c5c4a
    Entity as printed
    Mwalimu Commercial Bank Plc (the Bank)
    Exchange copy
    retrieved 2026-10-08T18:07:23Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

Tanzania country page · Company methodology and coverage