About NMB

History

National Microfinance Bank Plc (NMB) is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, as well as large businesses.

It was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce, by an Act of parliament .Three new entities were created at the time, namely: NBC Holding Limited, National Bank of Commerce (1997) Limited and National Microfinance Bank Limited.

Initially NMB could only provide payment services as well as offer savings account, with limited lending capabilities, before becoming a fully-fledged universal retail bank.

In 2005, the Government of the United Republic of Tanzania privatized the bank when it sold part of its shareholding (49%) to a consortium led by the Co√∂peratieve Centrale Raiffeisen-Boerenleenbank B.A. (‘Rabobank Group’)

Subsequently, there was further divestiture in 2008 when the Tanzanian Government off loaded another 21% of its shareholding to the Tanzanian public through an initial Public Offering(IPO).The listing of the bank’s stock on the Dar es Salaam Stock Exchange has led to a diversified ownership structure.

Organisation

NMB is the largest bank in Tanzania, both when ranked by customer base and branch network.

With our over 150 branches we are located in more than 95% of Tanzania’s districts. This broad branch network distinguishes NMB from other financial institutions in Tanzania. We are committed to sustaining and enhancing our branch network in order to provide access to capital to citizens in all areas of Tanzania, including the most remote.

Our Vision, Mission and Values

Vision

To be the preferred financial services partner in Tanzania.

Mission

Through innovative distribution, and its extensive branch network, NMB offers affordable, customer focused, financial services to the Tanzanian community, in order to realize sustainable benefits for all its stakeholders.

Our Values

  • Eagerness
  • Ownership
  • Customer Focus
  • Teamwork
  • Integrity
  • Compliance