About National Microfinance Bank
NMB Bank Plc. (“NMB”) is a full service commercial bank incorporated in the United Republic of Tanzania. Through its 3 main business divisions: Retail, Wholesale, and Treasury, NMB provides a suite of financial services and products to retail customers, farmers, SMEs, Corporates, Institutions and the Government.
The bank has 226 branches, over 9,000 Agents (Wakala) and more than 700 ATMs across the country and is represented in all districts of Tanzania. NMB has over 4 million customers and employs over 3,400 staff. It is listed at the Dar Es Salaam Stock Exchange and its largest shareholders are the strategic partners Arise B.V with a 34.9% shareholding and the Government of Tanzania with a 31.8% shareholding.
Euromoney awards for excellence selected NMB as the “Best Bank in Tanzania” for 8 years in a row from 2013-2020. The bank has been named The Safest Bank in Tanzania for the year 2020 by Global Finance Magazine. NMB Bank was also awarded as the Best Blended Finance Partner in Africa for banks working with International Finance Corporation (IFC) of the World Bank Group in 2019. Also, the Best Retail and Best Commercial Bank in Tanzania by the Banker East Africa Magazine in 2018.
NMB Bank is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, government services, large businesses and agriculture lending.
NMB Bank 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: (a) NBC Holdings Limited (b) National Bank of Commerce (1997) Limited and (c) National Microfinance Bank Limited.
Initially NMB Bank could only provide payment services as well as offer savings accounts, 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 Coöperatieve 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.
Founder members
Rabobank Group
Rabobank is a full-range financial services provider operating on the basis of co-operative principles. Its origins are in the local loan co-operatives that were founded in the Netherlands more than 110 year ago by enterprising people who had virtually no access to the capital market. The local Rabobanks that evolved from this have a strong tradition in the agricultural sector and in small and medium-sized enterprises.
Rabobank is one of the leading banks in the Netherlands. Rabobank Group employs more than 58,000 people who serve approximately 10 million clients in 48 countries. In terms of Tier I capital, Rabobank Group ranks among the world’s 25 largest financial institutions. Rabobank Group has very high credit ratings, awarded by rating agencies Standard & Poor’s, Moody’s Investor Service and DBRS. For more information, please visit www.rabobank.com
Other founder members of the Rabobank Consortium are Exim Bank (Tanzania) Limited, National Investment Company Limited (NICOL) and TCCIA Investment Company Limited holding 11.7% of NMB shares.
Government of Tanzania
The Government of Tanzania holds 31.78% of the shares of NMB. It holds these shares through the Treasury Registrar in the Ministry of Finance.
Non Founder Members
Public shareholders hold 21.6% of the shares of NMB, with foreign investors also holding 3.3% of NMB shares, directly or as nominees.
List of shareholders who individually own 0.5% or more shares as at 31 March 2017:
| Name | Number of Shares Held | % |
| COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. ‘RABOBANK NEDERLAND’ | 174,500,000 | 34.9% |
| THE TREASURY REGISTRAR | 158,901,800 | 31.8% |
| NATIONAL INVESTMENTS COMPANY LIMITED | 33,049,520 | 6.6% |
| SCBT NOMINEES SCB CONSUMER BANKING RE MR AUNALI F RAJABALI AND SAJJAD F RAJABALI | 25,000,000 | 5.0% |
| SCBT NOMINEE RE:SSB+T AC RE: SQM FRONTIER AFRICA MASTER FUND LTD – SQM1 | 9,566,432 | 1.9% |
| SSB+T AC RE MORGAN STANLEY INSTITUTIONAL FUND INC FRONTIER EMERGING MARKETS PORTFOLIO MGGQ | 6,718,721 | 1.3% |
| SCBT NOMINEE RE SSB+T AC RE MORGAN STANLEY GALAXY FUND-MS6E | 6,427,232 | 1.3% |
| SCB (T) NOMINEE LTD SCB MAURITIUS RE BANQUE PICTET AND CIE SA A/C PATRICK SCHEGG | 4,972,700 | 1.0% |
| PARASTATAL PENSION FUND | 4,831,636 | 1.0% |
| KUWAIT INVESTMENT AUTHORITY | 3,500,000 | 0.7% |
| SCB MAURITIUS RE: PINEBRIDGE SUB-SAHARAN AFRICA EQUITY MASTER FUND CLASS E | 3,400,000 | 0.7% |
| DUET AFRICA OPPORTUNITIES MASTER FUND IC | 3,150,000 | 0.6% |
| TCCIA INVESTMENT COMPANY LTD | 2,611,886 | 0.5% |
National Microfinance Bank Loan
National Microfinance Bank 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 Microfinance Bank 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.
For more information About Loans you can Click Link Below
- National Microfinance Bank Loan: https://www.nmbbank.co.tz/personal-banking
National Microfinance Bank Address, Location and Contact Details
- Ohio Street/Ali Hassan Mwinyi Road
- P.O. Box 9213, Dar es Salaam, Tanzania
- Tel: +255 22 232 2000
- Email address: [email protected]
Job Vacancies, career and Internships at National Microfinance Bank
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. National Microfinance Bank Job vacancies are normally advertised through the Official National Microfinance Bank Tanzania career website page which can be accessed through this link – https://www.nmbbank.co.tz/careers
Find and apply for jobs advertised by National Microfinance Bank by browsing the links listed below:
National Microfinance Bank useful links
- National Microfinance Bank website: https://www.nmbbank.co.tz/
- National Microfinance Bank job vacancies – careers page: https://www.nmbbank.co.tz/careers
