ACA 8,800     CRDB 190     DCB 400     DSE 1,180     EABL 5,000     JHL 9,900     KA 140     KCB 840     MBP 600     MCB 500     MKCB 1,000     MUCOBA 400     NMB 2,340     NMG 2,500     PAL 470     SWALA 500     SWIS 5,000     TBL 10,500     TCC 11,500     TCCL 1,380     TOL 800     TPCC 1,900     TTP 650     USL 50     YETU 600     

Mwalimu Commercial Bank Plc

End of Day - 26 May 2017
500 Previous 500 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover 600 - 500 1 Year Range

Primary tabs

Sector : Banks, Finance & Investments


Mwalimu Commercial Bank (MCB) has been sponsored and promoted by the Tanzania
Teacher’s Union (TTU), a Trade Union established under the Employment and Labour
Relations Act 2004. It is an umbrella trade union of teachers in Tanzania solely owned
by the teachers. With over 200,000 members across all regions in Tanzania, TTU
owns 16% of the bank’s issued and fully paid up capital.

TTU's economic wing, the Teacher’s Development Company Limited (TDCL)
owns 4 % of MCB PLC’s issued and fully paid up capital. The rest 80% is owned by the general public.

MCB PLC was established as a commercial bank, supervised and regulated by the
Bank of Tanzania under its prudential regulatory regime.