Credit expansion hits record high as banks push deposits to the edge

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Dar es Salaam. Commercial banks in Tanzania have ramped up lending to record levels this year, with total domestic credit reaching Sh49.01 trillion in the quarter ending September 2025 — a sign of strong credit appetite and a banking sector operating near its liquidity frontier.

The recent statistical bulletin from the Bank of Tanzania (BoT) shows that total lending grew from Sh44.45 trillion in March to Sh49.09 trillion in September 2025.