About NIC Bank Tanzania
NCBA Bank Tanzania Limited, is a merged bank between Commercial Bank of Africa (Tanzania) and NIC Bank Tanzania. It is a commercial bank in Tanzania licensed by the Bank of Tanzania, the central bank and national banking regulator
On 6th December 2018, it was announced that NIC Bank, an institution with a rich history of retail banking; and CBA Bank, a forerunner of innovation in the banking space, would be merging to form a new bank with unmatched strength, expertise and regional reach.
The new NCBA has harnessed the power of both NIC and CBA to create a bank that brings together the best of both worlds — from cutting edge mobile banking to good old-fashioned relationship management; from scalable business banking to financial services that grow as your business does; from best-in-class choice of products to investment solutions tailored to your specific needs.
Our extensive branch network and friendly service mean that you are part of the most universal yet personal bank in East Africa.
We still hold personal relationships at the heart of everything we do. Because we believe that truly great relationships are built on each other’s success and that greatness is not some rare gift but is achieved one step at a time. We put the long-term interest of the customers and the communities first. We are the bank that will support Kenya’s and the region’s economic growth aspirations.
Welcome to the bank that banks on your ambition. Welcome to the Bank that says “Go For It”.
Welcome to NCBA.
NCBA Merger Timelines and Key Milestones
December 2018
Boards of NIC and CBA authorized the commencement of discussions regarding a potential merger.
January 2019
Boards of Directors of NIC and CBA unanimously voted to recommend to shareholders a merger of the two banks.
April 2019
Shareholders of NIC and CBA approve the merger.
May 2019
Announced Group Managing Director and Chairman of the Kenyan Banking Subsidiary announced leadership of the new entity.
September 2019
Approvals received from the Central Bank of Kenya and the Cabinet Secretary of National Treasury.
October 2019
We merge into NCBA.
The headquarters of the bank are located on the 1st, 2nd and 10th Floor, at Amani Place Building, along Ohio Street, in the central business district of Dar es Salaam, Tanzania’s financial capital. The geographical coordinates of the bank’s headquarters are:06°48’41.5″S, 39°17’15.0″E (Latitude:-6.811528; Longitude:39.287500).
NCBA Bank Tanzania is a medium-sized financial services provider in Tanzania. Its total assets as of 31 March 2020 was approximately TZS:508 billion (US$210 million), with TZS:61.2 billion (US$26.5 million), in shareholders equity. At that time, it was categorized as a Tier II Commercial Bank in Tanzania. The bank is a subsidiary of NCBA Group Plc, a financial services conglomerate with headquarters in Kenya and subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast.
NIC Bank Tanzania started as a non-bank financial institution in 1994. In 2004, following the issuance of a banking license by the Bank of Tanzania, the institution converted into a fully fledged commercial bank, under the SFCB name. In May 2009, NIC Bank, a large financial services provider based in Nairobi and traded on the Nairobi Stock Exchange, took a 51 percent shareholding position in SFCB. During 2010, the Tanzanian subsidiary successfully re-branded to NIC Bank Tanzania.
Commercial Bank of Africa was founded in 1962 in Dar es Salaam. Branches were soon opened in Nairobi and Mombasa, Kenya and in Kampala, Uganda. When Tanzania nationalized private banks in 1967, the bank moved its headquarters to Nairobi. Following political changes in Uganda in 1971, the bank sold its assets in that country. In July 2005, the Commercial Bank of Africa (CBA) acquired majority shareholding in First American Bank of Kenya, which at the time had a Tanzanian subsidiary called United Bank of Africa
NIC Bank Tanzania Loan
NIC Bank 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. NIC Bank 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.
For more information About Loans you can Click Link Below
- NIC Bank Tanzania Loan: https://ncbagroup.co.tz/loans/
NIC Bank Tanzania Address, Location and Contact Details
NCBA Bank Tanzania Limited
- Amani Place Building,
- 1st, 2nd & 10th Floor, Ohio Street.
- P.O. Box 20268, Dar-es Salaam,Tanzania.
- Tel: +255 22 2130113 | Fax: +255 22 2130116
- Whistleblow Line: South Africa +27 31 5715261
- Website: www.tip-offs.com
Job Vacancies, career and Internships at NIC Bank Tanzania
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. NIC Bank Tanzania Job vacancies are normally advertised through the Official NIC Bank Tanzania Tanzania career website page which can be accessed through this link – https://ncbagroup.co.tz/job-openings
Find and apply for jobs advertised by NIC Bank Tanzania by browsing the links listed below:
NIC Bank Tanzania useful links
- NIC Bank Tanzania website: www.tip-offs.com
- NIC Bank Tanzania job vacancies – careers page: https://ncbagroup.co.tz/job-openings
