Maendeleo Bank Plc is a Tanzanian financial institution that began operations as a regional bank in September 2013 and has since grown into a fully fledged commercial bank. Notably, it was the first bank in Tanzania to be listed on the Dar es Salaam Stock Exchange (DSE) from its inception, achieving Public Limited Company (Plc) status right away. The bank’s mission is to provide innovative, customer-needs driven financial services with competitive returns to its shareholders, focusing particularly on the micro, small, and medium enterprises (MSMEs) market. The bank has demonstrated strong financial growth, with its profit before tax reaching TZS 3,859 million in 2024, a 47% increase from the previous year. Total assets also expanded by over 20% to TZS 150,686 million in 2024. The bank maintains a stock price of TZS 710.00 as of December 19, 2025, reflecting a positive market performance. The bank was founded as a strategic decision by the Evangelical Lutheran Church in Tanzania-Eastern and Coastal Diocese (ELCT-ECD) in 2008. Its shareholding structure includes various church institutions, individuals, ELCT-ECD, and the United Evangelical Mission. The bank plays a significant role in the Tanzanian economy by targeting underserved populations and supporting MSMEs, thereby driving job creation and inclusive economic growth.
NEW VACANCY AT MAENDELEO BANK PLC JANUARY 2026
Applications are invited from ambitious and competent individuals to apply a new vacant position. READ FULL DETAILS THROUGH THE PDF DOCUMENT ATTACHED BELOW.