About National Bank of Commerce (Tanzania)
National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the country’s central bank and the national banking regulator. In August 2019, the bank was fined 1 billion Tanzanian shillings ($435,000) because of the failure to establish a data center in the East African nation.
The headquarters of the bank and its main branch are located along Sokoine Drive, in Dar es Salaam, Tanzania’s financial capital and largest city. The geographical coordinates of the bank’s headquarters are: 06°49’04.0″S, 39°17’24.0″E (Latitude:-6.817778; Longitude:39.290000)
It is one of the oldest banks in the country tracing its roots to as far back as Tanzanian independence.[7] At the end of the year in 2015, the bank had an asset base of over US$773 million (TZS 1.69 trillion) and is the fourth-best capitalized commercial bank in the country, behind National Microfinance Bank, CRDB Bank and FBME Bank.
At the end of 2017, Tanzania’s total banking assets were valued at TZS:29.97 trillion (US$13.2 billion). At the same time, National Bank of Commerce (Tanzania) was reported to own 5.6 percent of all national banking assets,[4] translating in TZS:1,768+ trillion (US$779+ million).
The bank traces its origins to 1967 when the Tanzanian Government nationalized financial institutions, including banks. In 1991, the banking industry was deregulated. Six years later, in 1997, the institution then known as “NBC” was split into three separate entities: (a) NBC Holding Corporation (b) National Microfinance Bank (NMB) and (c) NBC (1997) Limited. In 2000, the South African banking group, Absa Group Limited, acquired a majority stake in NBC (1997) Limited. The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group took up 15% shareholding in the bank. The new entity became known as National Bank of Commerce (Tanzania) Limited.
The Bank traces its origins to 1967 when the Tanzanian Government nationalised all financial institutions, including banks. In 1991, the banking industry was amended and six years later, in 1997, the institution then known as National Bank of Commerce, was split into three separate entities:
- NBC Holding Corporation
- National Microfinance Bank (NMB)
- NBC (1997) Limited
In 2000, South African financial services group Absa Group Limited acquired a majority stake in NBC.
The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group, took up 15% shareholding in the bank. The new entity became known as NBC Limited.
Our benchmarks
- NBC is the only international bank with a presence all over the country
- With 51 branches and over 230 ATMs, NBC delivers a unique collection and banking capability to our customers
- NBC currently employs around 1,200 staff across the country
National Bank of Commerce (Tanzania) Loan
National Bank of Commerce (Tanzania) lends property and cash loans at the rate you need, there are loans for entrepreneurs and small business owners who need to grow their businesses and capital according to their income. National Bank of Commerce (Tanzania) gives you the opportunity for a businessman & entrepreneur to borrow the amount of money you need. they also offer property and cash loans to government employees and companies click here so you can check the methods and criteria for getting a loan.
Applying for NBC Group Loan
Simply complete our online form and we will contact you. you may visit your nearest NBC branch.
What to bring when you apply
- Signed and stamped letter from your ward executive
- Completed application letter with a full-colour passport-sized photo
- Copy of Identity card. Can be one of the following: – Voters ID Card, Passport, National ID card or Driver’s License.
- Introduction letter from your employer
- Last three months’ salary slips
- Last six months’ bank statements
- Employment contract (for contractual employees only)
NBC Group Loan gives you:
- Cash to meet personal expenditures
- Flexibility and convenience in repayment periods and amounts
- Credit Insurance designed to pay benefits when you pass away, become permanently disabled and/or when you get retrenched
Important information
- Available to monthly salaried employees of public or private companies/institutions
- Equal monthly repayment instalments throughout the loan period
- Repayment period of up to 72 months
For more information About Loans you can Click Link Below
- National Bank of Commerce (Tanzania) Loan: https://www.nbc.co.tz/en/personal/borrow/loan/group-loans/
National Bank of Commerce (Tanzania) Address, Location and Contact Details
- TELEPHONE: +255 (0) 768 984 000 / +255 (0) 222 193 000 / +255 (0) 225 511 000
- Toll: 0800711177 (Free)
- EMAIL ADDRESS: [email protected]
- NBC Ltd. Head Office
- Sokoine Drive & Azikiwe Street
- P.O. Box 1863, Dar es Salaam, Tanzania
Job Vacancies, career and Internships at National Bank of Commerce (Tanzania)
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. National Bank of Commerce (Tanzania) Job vacancies are normally advertised through the Official National Bank of Commerce (Tanzania) Tanzania career website page which can be accessed through this link – https://www.nbc.co.tz/en/vacancies/
Find and apply for jobs advertised by National Bank of Commerce (Tanzania) by browsing the links listed below:
National Bank of Commerce (Tanzania) useful links
- National Bank of Commerce (Tanzania) website: https://www.nbc.co.tz/
- National Bank of Commerce (Tanzania) job vacancies – careers page: https://www.nbc.co.tz/en/vacancies/
