Maendeleo Bank Plc

Maendeleo Bank Plc is a Tanzanian financial institution headquartered in Dar es Salaam. Established in 2011 and commencing operations in 2013, the bank was initiated by the Evangelical Lutheran Church of Tanzania – Eastern and Coastal Diocese to provide financial services to underserved communities. It was the first company to list on the Enterprise Growth Market (EGM) of the Dar es Salaam Stock Exchange (DSE) under the ticker symbol MBP .

Services Offered

Maendeleo Bank offers a range of financial products and services, including:

• Accounts: Current, savings, executive savings, achievers, Ahadi, Wekeza, community, salary, flexi fixed, and fixed deposit accounts.

• Loans: Small group, sap ne bajaji, jamii, MSME, renewable energy, executive, salary, agribusiness, and saccos loans; as well as poultry finance and housing microfinance loans.

• Other Services: Insurance services, mobile banking, and agency banking services .

Financial Performance

As of December 31, 2024, Maendeleo Bank reported earnings results for the full year. The bank has shown consistent growth in its financial performance over the years .

Contact Information

• Head Office Address: Luther House, Sokoine Drive, P.O. Box 216, Dar es Salaam, Tanzania

• Phone: +255 80 075 0089

• Website: www.maendeleobank.co.tz

• Email: info@maendeleobank.co.tz