About NMB Bank Tanzania
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.
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:
| ame | 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% |
NMB Bank Loan
NMB 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. NMB 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.
NMB Bank Address, Location and Contact Details
NMB Bank Plc.
- Ohio Street/Ali Hassan Mwinyi Road
- P.O. Box 9213
- Dar es Salaam, Tanzania
- Tel: +255 22 232 2000
- Email: [email protected]
Job Vacancies, career and Internships at NMB Bank Tanzania
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. NMB Bank Tanzania Job vacancies are normally advertised through the Official NMB Bank Tanzania Tanzania career website page which can be accessed through this link –
Find and apply for jobs advertised by NMB Bank Tanzania by browsing the links listed below:
NMB Bank Tanzania useful links
- NMB Bank Tanzania website: NMB
- NMB Bank Tanzania job vacancies – careers page: https://www.nmbbank.co.tz/careers
- NMB Bank Tanzania Loan: https://www.nmbbank.co.tz/personal-banking/borrow/nmb-salaried-worker-s-loan
