Tanzania, May 4 -- Dar es Salaam. Tanzania's commercial banks recorded continued profit growth in the first quarter of 2026, driven by higher interest income and steady gains in fee-based revenues, even as customers continue to raise concerns over the cost of borrowing and banking services.

An analysis by The Citizen of 32 commercial banks, including all 15 tier-one lenders, shows the sector posted a combined net profit of Sh658.2 billion for the quarter ending March 2026, up from Sh597.71 billion in the previous quarter ending December 2025.

This represents a 10.12 percent increase, reflecting sustained earnings momentum across the industry.

The growth was largely driven by interest income, which rose to Sh1.88 trillion from Sh1.53 tr...