Tanzania, Aug. 5 -- Dar es Salaam. Tanzania's banking sector has reached a new profitability milestone, but the surge in earnings is renewing debate over whether stronger bank balance sheets are translating into more affordable financial services for customers.

An analysis of financial statements from 15 Tier One banks shows combined net profit increased by 14.8 percent to Sh1.33 trillion in the six months ending June 2026, up from Sh1.16 trillion recorded in the previous year.

The banks, including CRDB Bank, NMB Bank, NBC, Stanbic Bank, Exim Bank, Absa Bank Tanzania, Standard Chartered Bank Tanzania, I&M Bank Tanzania, Equity Bank Tanzania, Azania Bank, DTB Bank Tanzania, Bank of Africa Tanzania, NCBA Bank Tanzania, People's Bank of Za...