ACA 5,300     CRDB 180     DCB 380     DSE 1,400     EABL 5,250     JHL 11,100     KA 340     KCB 1,020     MBP 600     MCB 500     MKCB 830     MUCOBA 400     NMB 2,760     NMG 2,240     PAL 470     SWALA 500     SWIS 3,540     TBL 14,000     TCC 16,600     TCCIA 450     TCCL 1,200     TOL 780     TPCC 1,500     TTP 600     USL 100     VODA 800     YETU 600     

National Microfinance Bank

End of Day - 16 Mar 2018
2750 Previous 2750 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover 2750 - 2750 1 Year Range

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Sector : Banks, Finance & Investments

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 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.