Maendeleo Bank PLC reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was TZS 2,385 million compared to TZS 2,204 million a year ago. Net income was TZS 422 million compared to TZS 299 million a year ago. Basic earnings per share from continuing operations was TZS 16 compared to TZS 11 a year ago. Diluted earnings per share from continuing operations was TZS 16 compared to TZS 11 a year ago.
For the nine months, net interest income was TZS 8,091 million compared to TZS 7,050 million a year ago. Net income was TZS 1,311 million compared to TZS 1,054 million a year ago. Basic earnings per share from continuing operations was TZS 50 compared to TZS 40 a year ago. Diluted earnings per share from continuing operations was TZS 50 compared to TZS 40 a year ago.