-
June 2022
NBC Pays 4.5 Bil Dividends to the Government
Dodoma June 5th, 2022
The Minister of Finance and Planning, Hon. Dr. Mwigulu Lameck Nchemba (MP) on behalf of the Government of the United Republic of Tanzania, has received an amount of 4.5 billion shillings from the National Bank of Commerce (NBC) as dividends to the Government from the Bank's profits in 2020/21.
Speaking at a short dividend ceremony held in Dodoma recently, Hon. Dr. Nchemba commended the Bank for continuing to grow and increase profits every year which increases the amount of tax paid to the Government and dividends paid to all Shareholders including the Government which has a 30% stake in the Bank.
"I am very relieved to hear that in 2021 NBC Bank made a pre-tax profit of 60 billion shillings, which is an increase of 702 percent from a profit of 6.2 billion earned in 2020. This is a great achievement," said Hon. Nchemba.
Hon. Nchemba added that it is a matter of pride to see that the Government, which owns a 30 percent stake in NBC Bank, receives 4.5 billion shillings as dividends, money that will be used to fund the implementation of major development projects in the country and improve social services including health, education, and water.
Earlier speaking at the event the Acting Permanent Secretary Ministry of Finance and Planning, Mr. Lawrence Mafuru, said that the release of the dividend from NBC proves that the decisions made by the government in privatizing public entities were productive decisions that now make a significant contribution to the successful implementation of government responsibilities.
In addition, Mr. Mafuru urged 100% Government-owned Institutions to learn from private-owned entities to see how they would operate profitably.
Mr. Mafuru said that the banking sector in the country has now grown by 10 percent thus making the sector an important institution that finances economic activities in the country.
For his part, NBC Managing Director, Mr. Theobald Sabi, thanked the government for enabling the Bank to fully fulfill its responsibilities by improving its investments and explained that in 2021 the Bank has paid 20 billion shillings in taxes to the government in addition to providing the dividend of shs. 4.5 billion.
He also said that his bank has made significant investments in various sectors including more than 1 billion shillings spent on Corporate Social Responsibility (CSR), and more than 9 billion shillings invested in football sport through NBC Premier league (NPL)
Mr. Sabi, said the investment made by NBC has created more than nine thousand jobs and more jobs continue to be created due to the value chain through the sports industry.
For his part, the Acting Treasury Registrar (TR), Mr. Joseph Mwaisemba said that as of May, his Office had managed to revenue amounting to 691 billion shillings while still in need of just Tshs. 86 billion to meet the target and thus NBC dividend reduces the deficit.
The Chairman of the Parliamentary Budget Committee, Hon. Daniel Sillo (MP), commended NBC for providing the dividend as well as the good management of the Government which led to the acquisition of the dividend which will help achieve the implementation of Government projects aimed at benefiting citizens in various fields.
Concluding his remarks at the ceremony, Hon. Minister of Finance and Planning, Dr. Mwigulu LameckNchemba (MP) called on Tanzanians to prepare and participate fully in the Population and Housing Census exercise to be held on August 23, 2022. Hon. Nchemba reminded the people that the Census is for the development of the country so they should be prepared to be counted.
-
May 2022
NBC Bank Meets Mbeya Customers, Introduces New Services
The National Bank of Commerce (NBC) has met with its small and medium customers in Mbeya to discuss business opportunities, introduce new banking services and train them on the benefits of such services. The bank also used the opportunity to discuss with its customers how it could improve its services according to their needs.
Speaking during a dinner event hosted by the bank over the weekend through its NBC Business Club program, the Bank's Head of SMEs Unit Mr Mussa Mwinyidaho said the lender is committed to improving services so that its customers can continue to enjoy the simplified services that conform to the requirements of their customers need so that they can grow their businesses.
“Through NBC Business Club we have a comprehensive strategy to uplift SMEs by building their business capacity through training and seminars, networking as well as helping them formalize their businesses so that they can be trusted by financial institutions when they need loans. This initiative has been productive not only for our customers but also for us as a bank we have been able to get feedback that has enabled us to improve our services for them, '' he said.
He said through the club, the bank has been able to introduce new products for SMEs including the 'Commercial Property Financing' service that enables commercial building owners to be issued with low interests’ loans and the 'Commercial Asset Financing' service which enables the SMEs to get loans for machinery business and contracting activities.
"Also, through today's event our customers in Mbeya region will have the opportunity to be more aware of our unsecured loans product, an exciting product for SMEs as part of the bank’s strategy to support them to grow and support the country’s industrialization agenda. The loans, which are issued basing on creditworthiness of a borrower, covers distributors and suppliers of large companies.’’ He mentioned.
In addition, Mwinyidahao noted that through the NBC Business Club service the bank has been able to bring together members of the club and various authorities in the business sector including government institutions such as TRA, BRELA, TBS and many others to discuss and resolve challenges and get more training on important issues including tax education.
Speaking on behalf of the customers, the Chairman of the Chamber of Commerce, Industry and Marketing (TCCIA) Mbeya Region Mr Erick Sichinga, said businesses in the region were satisfied with the contribution of the NBC Business Club service as through the club they have been able to get business training along with being educated about new marketing and business opportunities.
"Designing a new product for customers is one thing but ensuring that the product is well understood and applied properly by the targeted customers is even better. We are very grateful to NBC as they not only create the products that touch us but also make sure we got a better understanding of those product through the NBC Business Club platform. '' He said.
Dodoma Marathon 2022
The third edition of the National Bank of Commerce (NBC) marathon dubbed ‘NBC Dodoma Marathon' will take place on July 31st in Dodoma Region. Apart from promoting athletics, the race also aim at raising funds for medical examinations as well as curing women with cervical cancer in the country.
NBC Managing Director, Theobald Sabi said they are targeting to raise Sh200 million that will be used on the fight against cervical cancer via the Ocean Road Cancer Institute. He said they have teamed up with their partners namely Sanlam Insurance, Britam Insurance, Jubilee Insurance, Identity, Iceon General Insurance, Metropolitan Insurance as well as Athletics Tanzania (AT) to make the event success. “We have decided to focus on fighting cervical cancer knowing the disease is one of the leading causes for deaths in the country.
The 'NBC Dodoma Marathon', therefore, will be a good platform for spreading the knowledge and awareness on this disease, which we are told that it can be treated whilst at the early stage,'' said Theobald Sabi.
He said their goal is to treat more than 20,000 cervical cancer patients. “So far 550 women who were diagnosed with cervical cancer have been treated. The number was obtained after conducting medical examinations to 9,000 women in our previous two edition of NBC Dodoma Marathon, “he said.
He explained that the continuation of the third edition of the NBC Dodoma marathon was due to the success of the previous two whereby they managed to raise Sh300 million. "Cervical cancer is the leading cause of death in the country and our goal is to save the lives of women who are at high risk. 30% of 1,400 women lose their lives due to this disease because they lack treatment. Our target is to help more than 20,000 women with cervical cancer,” he said.
Sabi also said NBC Dodoma marathon will have four events namely Full Marathon, Half Marathon, 10 kilometres fun run and five kilometres respectively. “Participants who want to feature in the race has to pay sh30,000 as registration fees. I called on athletics stakeholders to take part,” he said.
For his part Ocean Road Cancer Institute Managing Julius Mwaiselage thanked NBC Bank for initiating the race with specific goals. AT president Silas Isangi a, congratulated NBC for opting to invest in promotion of athletics domestically. He also disclosed the NBC initiatives will continue to scout young talented runners in the country and develop the game.
About National Bank of Commerce (NBC)
NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services. The Bank traces its origins to 1967 when the Tanzanian Government national financial institutions, including banks. In 1991, the bank industry was amended and six years later, in 1997, the institutions then known as National Bank of Commerce, was spilt into three separate entities; NBC Holding Corporation, National Microfinance Bank (NMB) and NBC (1997) Limited. In 2000, South African financial services group Absa Group Limited acquired a majority stake in NBC. The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group, took up 15% shareholding in the bank. The new entity became known as NBC Limited.
NBC is the only international bank with a presence all over the country. With 51 branches and over 230 ATM’s, NBC delivers a unique collection and banking capability to our customers. NBC currently employs around 1,200 staff across the country.
For further information or assistance call us at +255 76 898 4000/4011 | +255 22 219 3000 | +255 22 551 1000 or email us NBC_MarketingDepartment@nbc.co.tz
NBC Bank Hosts an Iftar Dinner For Its Customers In Zanzibar
In celebration of the Holy Month of Ramadan as well as to reaffirm its commitment to its customers, National Bank of Commerce (NBC) hosted an Iftar gathering for its customers in the Zanzibar Isles. The event was held at the Hotel Verde over the weekend.
The Iftar gathering event was attended by over 400 invited guests including ministers, religious leaders, leaders of political parties, customers, agents and staff of the bank.
In his remarks at the event, Speaker of the Zanzibar House of Representative, Hon. Zubeir Ali Maulid expressed satisfaction with the bank's co-operation with the house of representative and the Revolutionary government of Zanzibar, noting apart from having a consolidated presence in the wholesale and retail banking segments, the bank remains a key contributor towards the economic and social growth of the Isles.
"I would also like to congratulate NBC for highlighting the importance of its customers by reciprocating a portion of their profit in various ways including through engaging with, and contributing to, the wider community in which the bank operates.… we are so grateful," he said.
Commenting on the iftar gathering, Theobald Sabi, NBC Bank Managing Director said: “We consider our customers very much a valued extension of the NBC family; and as we mark the blessed days of this holy month, we wanted to take this opportunity to share the spirit of togetherness with them. The event also provided us with an avenue through which we could show our appreciation to them for their continued patronage; whilst at the same time reaffirm our commitment to understanding their needs and exceeding their expectations.”
“Furthermore, we have always been committed towards providing products that are specifically tailored to our customers. Gatherings such as these provide us with a vital opportunity interact with and understand their requirements better; further strengthening our relationships while also obtaining their valuable feedback on our existing products and services,” he added.
Mr Sabi urged those who have not yet joined the bank to open their accounts so that they can enjoy the best and exclusive services offered at all NBC branches in the country.
-
April 2022
NBC offers insurance services to football players, families
National Bank of Commerce (NBC) Limited, the main sponsor of this season's Premier League, has launched a new sports insurance service for players, the technical bench, and their families to ensure better health care for players participating in the league, especially in the event of a health crisis.
The service offered through partnership with Britam and Sanlam insurance companies includes health insurance and life insurance will include 640 players participating in the NBC Premier League, technical benches, and their families.
Speaking during the launch of the service held in Dar es Salaam yesterday and attended by various football stakeholders in the country, NBC Bank CEO, Theobald Sabi, said among other benefits, the insurance would help provide players the freedom to showcase their talent without fear of going through a difficult time in the face of a catastrophe on the pitch including injury.
"This service will give players the ability to get the best treatment locally and even abroad when needed. Through this service, players will as well receive income benefits if a player suffers permanent damage or loss of life and other benefits include the players receiving a spinal benefit when they have an accident and fail to continue playing football," he said.
He said that as the main sponsor of the league, NBC Bank is committed to ensuring that the sponsorship touches every area of the game's development, including the whole issue of players' well-being, including their health.
The move by NBC Bank has been supported by the Parliamentary Standing Committee on Social Services and Development under the Chairman, Stanslaus Nyongo.
Nyongo congratulated the stakeholders for the important service said it will help improve the quality of the league as the players will play freely and peacefully thus showing the best standards.
Tanzania Football Federation (TFF) president Wallace Karia congratulated the NBC Bank, and Sanlam and Britam insurance companies for the service.
Karia said the move is historic and that the action of the stakeholders supported the federation's strategy and the government's in promoting the sport in the country.
The TFF leader revealed: "At this stage today I would like to say that NBC Bank is not only a sponsor of the Premier League but also an important partner in promoting this sport. For a long time, we have been experiencing health challenges for our players and the whole issue of treatment has been a challenge due to various reasons including financial difficulties facing many clubs in the country.''
''Through this service, we are going to end this challenge… we are very grateful to our NBC colleagues for achieving this,'' he said.
The Chief Executive Officer of Sanlam Insurance Company, Hamis Suleiman, and the Chief Executive Officer of Britam Insurance Company, Raymond Komanga, explained the importance of insurance services to players in the country, promising to provide better services to the beneficiaries so that they can fulfill their responsibilities when they are on the pitch without risking the health of themselves and their families when they face health challenges on the field.
Representatives of clubs participating in the league including Frank Lukwaro, the spokesperson for Polisi Tanzania, and Masau Bwire, Ruvu Shooting information officer, said the move is going to inspire more players in the league.
The officials disclosed that many clubs participating in the Premier League have been spending lots of money on the treatment of injuries so the service is a saviour for them.
“We have been waiting for this service a long time and now it has come as a saviour for us and our youths.''
''Most of our clubs are not able to provide the best treatment for our players, especially when they need to be transported abroad for treatment. NBC has been a saviour to this, we are very grateful," he said.
-
March 2022
NBC Women's day
National Bank of Commerce (NBC) has pledged to create a 50-50 working environment as one way to support government's drive of facilitating gender balance at working premises.
The remarks were made yesterday by NBC Managing Director Theobald Sabi during a colourful event to commemorate the International Women's Day held at the Bank's headquarters in Dar es Salaam.
At a press briefing, Sabi disclosed that until now, 48 percent of employees at the bank are women saying they want to attain a 50-50 gender equality in the top management of which currently, it stands at 30 percent for women and 33 percent for men.
"As an institution, we are aware that the issue of women empowerment is beneficial and researches have already shown that institutions which hire more women employees are achieving great successes," he said.
He then vowed to do whatever necessary to ensure that they create a 50-50 working atmosphere since already, 48 percent of their employees are women hence it will be an easy task to hit the targeted objective.
He added that they used the platform to talk with all their workers on different issues concerning equality and that they introduced a special program to help in safeguarding women matters at the management levels of the bank.
Additionally, the NBC boss disclosed that last year, women employees at the bank performed well representing a 53 percent and that they believe that investing in women development is key for business prosperity.
On his part, NBC's Acting Head of Human Resource, Operations and Governance Bernard Mshana revealed that as one way to commemorate the International Women's Day, they have introduced various accounts specifically to benefit women and uplift their statuses.
He added that the bank has been on the forefront in supporting different issues aimed at promoting women affairs and that they actively participated in a special event organised to raise funds for the national women's team Twiga Stars.
This year, NBC donated ten Algae Crops grinding machines to the foundation of Zanzibar's president wife Mariam Mwinyi, provision of loans to women including boosting the agriculture sector.
-
May 2021
NBC HOLDS TRAINING WORKSHOP FOR TABORA AMCOS LEADERS
Tabora 18 May 2021 National Bank of Commerce Limited (NBC) through NBC Shambani specialized banking services targeting customers in the agriculture sector has conducted a strategic training seminar for leaders of more than 102 Cooperative Societies (AMCOS) in Tabora Region. The training seminar was aimed at imparting them with knowledge on the benefits attached to NBC Shambani Assets & Liabilities, the importance of insurance in their daily operations, the use of foreign currency services at NBC, and efficient income management to bolster their eligibility to lending.
The event was officially opened by Tabora Municipal Council Director, Mr Bosco Ndunguru on behalf of Tabora DC and attended by various stakeholders including the Regional Assistant Registrar of Cooperative Unions, Mr Absalom Cheliga, leaders and members of over 102 Cooperative Societies engaged in tobacco farming from Tabora Urban, Sikonge, and Uyui districts.
Apart from that training, NBC through its Head of Islamic Banking and MSME, Mr Raymond Urassa rewarded Isolelansabo AMCOS Chairperson, Ms Mary Merrick on behalf of AMCOS members with a brand new motorcycle to aide AMCOS in their daily activities, including farmer visitations at grassroots level. The bank also donated three bicycles to farmers as a compliment to their efforts in getting the highest yields the past tobacco season.
Launching the forum on behalf of the Tabora District Commissioner, the Municipal Director, Mr Bosco Ndunguru hailed the bank for enabling and providing low-cost loans and banking services to tobacco growers in the region with tobacco as a cash crop being significant contributor to the region's revenue.
He also appealed to the bank to expand their services to other crops to pave the way for more opportunities to farmers of other crops. "It is a great opportunity for individual farmers and those in unions in our region. Let’s seize these opportunities presented to us by NBC so that we start engaging in commercial agriculture, getting more yields and earning more income,” he noted.
On his part, NBC’s Head of Islamic Banking and MSME, Mr Raymond Urassa said that the bank through its service dubbed “NBC Shambani” is efficient, well organized and ready to serve its customers including farmers of various crops such as tobacco, coffee, avocado, cotton and tea etc.
Referring to banking services for individual farmers, Mr Urassa said that a farmer doesn’t need an opening balance to open an NBC Shambani account, he further echoed that Shambani Accounts also don’t have monthly running fees. "In addition to the opportunity of shilling and dollar accounts, AMCOS/UNION accounts at NBC also do not have monthly fees which allow the unions to keep their operating costs low, thus increasing their efficiency."
On her part, the motorcycle donation beneficiary and Chairperson of Isolelansabo AMCOS, Ms Mary Merrick thanked NBC for the support and said it would help her in running her AMCOS operations with more ease and efficiency. She also commended the bank for providing quality services at low costs and low interest loans that enable farmers to meet their farming input needs on time.
The stakeholders expressed optimism that it will counter several challenges facing farmers, including delays in getting loans, high interest rates, lack of training on money management and high cost in maintaining accounts in other institutions. NBC Shambani is available through the bank’s branches countrywide.
-
April 2021
TADB, NBC to disburse TZS 20 bn to empower thousands of small-holder farmers in agri-value-chains
- Aim to increase capital of small-holder farmers and transform the agricultural, livestock and fisheries sectors
Dar es Salaam. Tuesday, 13th April, 2021. The Tanzania Agricultural Development Bank (TADB) has entered into a key partnership with the commercial bank, NBC, that aims to disburse a whopping TZS 20 billion to empower thousands of small-holder farmers across the country through low-interest loans, so as to grow their businesses and bring out rapid transformation in the agricultural, livestock and fisheries value-chains.
The agreement, which was signed today at the TADB headquarters in Dar es Salaam, will enable the agri-bank to guarantee farmers applying for loans at NBC. The loans will be disbursed at an interest rate as-low-as 14 per cent. The guarantee is administered by TADB through a special programme called the Small-holder Credit Guarantee Scheme (SCGS).
“For many years, small-holder farmers in the country have struggled to access affordable finance. Many had no option but to accept commercial loans at high-interest rates, which have been very challenging for them in making repayments,” said Derick Lugemala, Director of Finance and Resource Mobilization at TADB.
“Therefore, as a development finance institution, through our innovative guarantee scheme for small-holder farmers, we have taken the necessary action to offer low-interest loans in partnership with NBC, so as to enable many more farmers in the country to access affordable capital,” said Lugemala.
On his part, Elvis Ndunguru, the Director of Business Banking from NBC said that the guaranteed loans will be disbursed in the following order:
“Individual small-holder farmers will access loans up-to TZS 50 million, farmer groups and societies will get up-to TZS 500 million, while registered SMEs whose agricultural projects benefit small-holder farmers will get access up-to TZS 1 billion.”
Elaborating on the loan requirements, Ndunguru said, “For a farmer or SME to access these affordable loans, one will have to have an active agri-business and hold an accounting record of his or her business. These loans are accessible across all our 47 NBC branches in Tanzania mainland and Zanzibar. We would therefore like to call upon all small-holder farmers and SMEs with linkages to small-holder farmers to take charge of this opportunity.”
In addition, Lugemala, said that the aim of these affordable loans is to catalyse commercial banks and financial institutions to disburse more loans to farmers and eventually enhance the growth of the agricultural, livestock and fisheries value-chains in the country.
“Up-to March 2021, the TADB SCGS scheme had already pumped in TZS 75 billion into various agricultural, livestock and fisheries projects, impacting 11,000 beneficiaries directly and 755,000 indirectly. Among the value-chains which we have financed include that of cashew-nuts, paddy, coffee, sugarcane, maize, cassava, cotton and poultry,” explained Lugemala.
According to TADB, the SCGS scheme was established in 2018. In the past three years, TADB has partnered with commercial banks and financial institutions such as NMB, CRDB, Azania Bank, TPB, Stanbic Bank, FINCA Microfinance, UCHUMI Commercial Bank, Tandahimba Community Bank (TACOBA), Mufindi Community Bank (MUCOBA) and now NBC.
TADB believes that through this strong network of strategic cooperation, a large number of small-holder farmers will be reached,” emphasized Lugemala.
Ends
NBC donates 250 desks, 250 chairs and tables to Kibiti district
Kibiti, Coast: April 17, 2021:
National Bank of Commerce (NBC) on Saturday 17 April 2021 donated 250 desks, 250 chairs and tables to Kibiti district as part of the bank’s unique Corporate Social Responsibility Programme (CSR) that seeks to promote quality education in Tanzania.
Further, the bank trained over 200 women Micro enterprises (MSMEs) in the district on the basic methods of business and financial management to position them for access to finance. The desks were handed over by the bank’s Retail Director Elibariki Masuke during a function held at the KIbiti District Commissioner’s Office.
The event was also attended by the Kibiti Member of Parliament Hon. Twaha Mpembenwe alongside other Kibiti District officials including the District Commissioner and District Executive Director who received the donation. During the handover, Mr Masuke said that the bank is committed to assist in improving the welfare of local communities through interventions in education and that they were deeply touched by the inadequacy of desks hence decided to contribute and ensure students get proper learning environment. He also advised students and staff members to take care of the furniture and have a sense of ownership.
During the MSMEs training, Mr Masuke said that apart from access to finance, the major reason most banks refuse to lend to SMEs is their informal management structure and that is why, the bank decided to engage other institutions like TanTrade, SIDO, VETA and individual consultants to educate them on key managerial skills that would not only help small businesses access funds, but also ensure their business growth.
The bank has consistently been committed to economic empowerment of individuals and growing entrepreneurs through partnership with various institutions and authorities such as the Business Registrations and Licensing Agency (BRELA), the Tanzania Bureau of Standards (TBS) and the Tanzania Business Women Association (TABWA).
In his remarks, Kibiti District Commissioner Mr Gullamhussein Kifu expressed his gratitude to NBC for the timely support. He asked the bank to continue supporting education and women SMEs in the country. "The donation will help minimize challenges that the school is facing such as inadequate facilities and furniture.’’ he said.
Speaking on the SMEs training, Mr Kifu called on MSMEs in the district to adhere to the principles of financial management and spending in order to protect and boost their capital.
“We believe that at the end of this training, beneficiaries will be in position to put up proper strategies on how to improve their businesses, look for markets locally and internationally, understand factors that banks consider before loans issuance as well as the reasons that make businesses poor performance.’’ He said
Apart from thanking the bank, the MSMEs were optimistic that the training would add up their capacity as well as efficiency in conducting their business.
- Aim to increase capital of small-holder farmers and transform the agricultural, livestock and fisheries sectors
-
March 2021
NBC Bank trains women SMES on business quality and credit
Dar es Salaam; March 7th 2021: WOMEN entrepreneurs in the country have been advised to increase their efforts to further improve business ideas as well as increasing the quality of their products in order to convince financial institutions to lend them easily.
Speaking at the closing of the Tanzania Business Women Trade Fair held in Dar es Salaam for four days, NBC Bank's Relationship Manager, Ms Consolatha Shayo said financial institutions are driven to lend based on the quality of the business idea and not the name or gender of the borrower.
She said that is why NBC bank has been at the forefront ensuring that it continues to sharpen the skills of the entrepreneurs in order to improve their business ideas and products to enable them to do their business professionally and make a profit that will enable them to repay their loans.
“That is why through this kind of platforms we have been training them and emphasize on the importance of building their brand names and products rather than their personal names as financial institutions focus more on their business and not their gender or personal names,” said Consolata.
In addition to sponsoring the exhibition, the bank also organized several training programs for entrepreneurs including a business clinic involving various institutions and authorities including the Business Registrations and Licensing Agency (BRELA) and the Tanzania Bureau of Standards (TBS).
The bank further used the opportunity to ‘sell’ its products and services especially those related to women and entrepreneurs including NBC Kua Nasi account and Johari account.
"NBC Kua Nasi is a special account for all SMEs including street food vendors, boda bodas and similar others while Johari account is designed specifically for women as it enables them to save a small amount starting with only 10,000 shillings. All of these accounts have no monthly deductions, '' she said.
For her part, the Director of the Tanzania Business Women Association (TABWA) Noreen Mawala, whose institute co-ordinated the exhibition, congratulated NBC Bank and other stakeholders for making the exhibition a success, said her office is currently organizing a trade tour to Oman and Comoros to provide opportunities for the members to advertise their businesses in the two countries.
"After the success of this exhibition which coincided with the celebration of International Women's Day we are preparing ourselves for a trade tour in Oman and Comoros to open more doors and promote our business abroad," she said.
-
October 2017
NBC Customer Service month
NBC Personal Banker Prisca Ngonyani and NBC Relationship Manager Junken Njunde presenting flowers and gifts to Tanzania Civil Aviation Authority Director General Hamza Said Johari (centre) as part of the NBC Customer Service month to thank loyal and valued customers.
A jovial NBC customer Mr. Sosthenes Rutta Bruno receives a gift and bouquet of flowers from NBC Personal Banker Prisca Ngonyani (centre) and NBC Relationship Manager Bernard Tibaijuka when the two colleagues paid a visit him as part of the NBC Customer Service month to thank loyal and valued customers.
NBC launches Malengo Savings Account Campaign
The Malengo Savings Account is a savings account that is specifically designed to help customers achieve their goals within a specific period of time. The campaign will last for three months from 9 October 2017 to 8 January 2018. During the three month campaign period depositing customers will benefit from an attractive interest rate and also stand a chance to exciting prizes. The campaign will award prizes to a total of 30 winners at the end of campaign. Two draws will be held in the month of October and November where there will be a total of 24 winners who will each receive TZS1 million. In December there will be a grand draw that will pick six winners for the grand prize of six brand new Suzuki Super Carry pick-ups. For the grand prizes all participants of the Malengo Savings Account campaign will have a chance to win the prizes.
NBC launches Kikundi Account
In the quest to acquire new customers, especially the unbanked, as part of the financial inclusion agenda, NBC launched a new account for informal and formal socio-economic groups called the Kikundi Account.
This account is designed to cater for the transactions needs for both formal and informal groups such as Village Community Banks (VICOBA), women social groups, neighbourhood groups, school groups, SACCOS and the likes. These are groups which are collectively formed by informal or formal members with a common set of objectives to help one another in times of need.
This account provides the group with a cheque book option to facilitate funds control as well as their day to day transactions.
-
August 2017
NBC celebrates turning 50 years – August 2017
From left to right: Deputy Governor Bank of Tanzania Dr Kibesse, Deputy Finance Minister Hon Dr Ashatu Kijaji, NBC Board Chairman Nehemiah Mchechu, The Vice President H.E. Samia S Hassan and NBC Acting MD Theobald Sabi in a jovial mood during the gala evening.
Yvonne Chaka Chaka receiving a standing ovation from invited guests and dignitaries for her outstanding performance
NBC Partners with China Union Pay International
NBC launched a partnership with China UnionPay, which will allow UnionPay cardholders to transact at NBC ATMs and Point-of-Sale devices across the country as well as throughout the bank's network in Tanzania.
UnionPay card holders will be able to transact from the bank's network of over 220 ATMs and 165 Point-of-Sale devices through its 95 merchants across the country.
China UnionPay International has over five billion cardholders globally and is the preferred payment brand for Chinese nationals. With Tanzania projected to receive Chinese tourists in the region of 40,000 in 2017. Tanzania hosts more than 30,000 Chinese nationals, more than 650 state and privately owned organisations spread across various sectors of the economy and undertaking vast infrastructure, manufacturing, tourism, transport, agriculture and telecommunications projects. It is thus pertinent for NBC to provide financial solutions that meet the growing usage of cards. China has proven to be one Tanzania’s largest foreign investors and has helped to create over 80,000 local jobs, and train a large number of management and technical personnel for Tanzania.
-
July 2017
NBC launches Business Clubs for SMEs - July 2017
NBC has launched Business Clubs, which trades as NBC B–Club, in Kahama, Mwanza, and Mbeya following a one-day capacity building workshop for entrepreneurs and businessmen and women. One of the NBC B–Club’s main objectives is to provide non-financial support services through business skills training and capacity building to NBC SME customers, as part of NBC’s commitment in supporting them to grow.
NBC Acting Managing Director Theobald Sabi (centre) greets Vodacom Tanzania Managing Director Ian Ferrao during a function hosted by VTL in celebrating the successful listing on the DSE. Looking on is NBC Director of Retail Banking Filbert Mponzi
Kahama entrepreneurs taking selfie photos during the launch ceremony of NBC Business Club in Kahama.
-
June 2017
NBC holds Iftar for customers in Dar es Salaam – June 2017
Former President H. E Alhaj Ali Hassan Mwinyi giving a word of thanks during an Iftar hosted by NBC for its customers and invited guests. On the left is Theobald Sabi, NBC Interim Managing Director and on the right is Filbert Mponzi NBC director of Retail Banking, followed by former Prime Minister Dr. Salim Ahmed Salim.
2nd Malengo vehicle handing over event – June 2017
NBC Head of Lending, Andrew Lyimo (centre), presenting keys to Mrs Rose Richard Getenyi who received a brand new Toyota Double Cabin Pick Up on behalf of her husband, Mr. Lawrence Cletus Njozi. He won the vehicle during the NBC Malengo Account campaign. Looking on is NBC’ss Liabilities Manager, Dorothea Mabonye. The hand-over ceremony was held at the NBC Head Office recently.
-
May 2017
50 Years Golden Jubilee Celebrations Dodoma – May 2017
The minister for Finance and Planning, Hon. Dr. Philip Mpango gives a thumbs up in appreciation for the TZS1.2 billion cheque issued by NBC as dividend payment to the government of Tanzania. The hand-over event was held during NBC’s 50 Years Golden Jubilee gala evening in Dodoma. On the left clapping his hands is Nehemia Mchechu, NBC Board Chairman, in the centre is NBC Managing Director Edward Marks and on the right is Mr. Elias Mwakibinga, Deputy Treasury Registrar.
NBC appointed lead bank in the country’s largest IPO – May 2017
NBC Acting Managing Director Theobald Sabi (centre) greets Vodacom Tanzania Managing Director Ian Ferrao during a function hosted by VTL in celebrating the successful listing on the DSE. Looking on is NBC Director of Retail Banking Filbert Mponzi
NBC Acting Managing Director Theobald Sabi introduces NBC Director of Retail Banking Filbert Mponzi to Reenu Verma Vodacom Tanzania’s Business Manager in the MD’s Office. Looking on the right is NBC Head of Global Clients Wilson Nkuzi.
-
March 2017
Malengo winner – March 2017
NBC Head of Retail Banking Filbert Mponzi (centre), handing over insurance cover of a brand new Toyota Hilux Double Cabin Pick Up to one of the winners of the 3-month long Malengo Savings Account Campaign, Mr. Aldo Aidan Nsuha at a function in Dar es Salaam yesterday. Looking on is the winner’s wife Mrs. Zenobia Tarimo.
-
February 2017
Malengo Savings Account Campaign Draw – February 2017
NBC Head of Retail Banking Filbert Mponzi (centre), speaking in Dar es Salaam yesterday, before the Malengo Savings Account campaign draw for two brand new Toyota Double Cabin Pick Up vehicles that NBC has given out as main prizes to their customers. The Malengo Savings Account campaign was held over a 3 months period and two eventual winners were announced through a draw. He is flanked from left by Dorothea Mabonye, NBC Retail Liabilities manager and from the right Alina Kimaryo, NBC Marketing Manager.
-
January 2017
Retail Banking Council Awards Night – January 2017
Jubilant NBC Corporate branch Manager, Mariam Kombo, displays a certificate after she was announced the Bank’s 2016 Best Branch Manager during the ‘NBC Retail Banking Council Awards’ in Dar es Salaam recently. Looking on is NBC Retail Banking Director, Filbert Mponzi.
Need more information or assistance?
Call us:
+255 76 898 4000/4011 | +255 22 219 3000 | +255 22 551 1000 | 0800711177 (Toll-Free)
Email us:
