ACA 3,460     CRDB 150     DCB 340     DSE 1,800     EABL 4,220     JHL 10,600     KA 170     KCB 870     MBP 590     MCB 500     MKCB 800     MUCOBA 400     NICO 310     NMB 2,760     NMG 1,580     PAL 470     SWALA 490     SWIS 2,660     TBL 14,300     TCC 17,000     TCCL 770     TICL 450     TOL 660     TPCC 2,060     TTP 120     USL 25     VODA 800     YETU 600     

National Microfinance Bank

End of Day - 21 Sep 2018
2750 Previous 2750 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover - 2750 1 Year Range

Primary tabs

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.