KCB 750     DCB 265     NMG 315     MKCB 780     NICO 185     TICL 350     SWALA 490     YETU 550     PAL 400     MBP 490     CRDB 235     TTP 120     TBL 10,900     TCC 17,000     MCB 500     EABL 3,100     SWIS 1,120     TCCL 470     MUCOBA 400     USL 5     TPCC 2,500     JHL 5,850     KA 80     VODA 770     NMB 2,340     TOL 550     DSE 960     JATU 1,300     

NMB Bank Plc

End of Day - 26 Jan 2021
2340 Previous 2340 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover

Primary tabs

Sector : Banks, Finance & Investments


NMB Bank Plc (NMB) is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized and corporate clients. 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. At the time, it was named National Microfinance Bank and it offered payment services, savings account and limited lending products. 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 a further divestiture in 2008 when the Tanzanian Government offloaded another 21% of its shareholding to the Tanzanian public through an initial Public Offering(IPO). In 2018, the bank changed its name to NMB Bank Plc to reflect the fully-fledged commercial bank it has become.