National Microfinance Bank

National Microfinance Bank PLC, is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.^[1]

National Microfinance Bank PLC

Type	Public
Traded as	DSE: NMB
Industry	Financial Services
Founded	1997
Headquarters	NMB PLC, Head office Ohio/Ali Hassan Mwinyi Road, P.O Box 9213 Dar es Salaam
Key people	Joseph Semboja Chairman Ineke Bussemaker Managing Director
Products	Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Total assets	US$2.212 billion (TZS:4.72 trillion) (H1:2016)^[2] revenue = Aftertax: US$81.8 million (TZS:132.5 billion) (2013)^[3]
Number of employees	3,316 (2016)
Website	Homepage

Overview

As of September 2013, the bank was a large financial services institution, providing commercial banking services to individuals, small to medium-sized corporate clients, as well as large businesses. Then, it was the third-largest commercial bank in Tanzania, by assets, behind FBME Bank and CRDB Bank.^[4]

As of June 2016, the bank's total asset valuation was about US$2.212 billion (TZS:4.72 trillion).^[2]

History

Following the break-up of the old National Bank of Commerce in 1997, by act of Parliament, three new entities were created: (a) NBC Holdings Limited (b) National Bank of Tanzania (1997) and (c) National Microfinance Bank. Initially NMB could only offer savings accounts, with limited lending capabilities.

In 2005, NMB was privatized and the Government of Tanzania, the sole owner of NMB until then, divested 49% shareholding to Rabobank of the Netherlands. Over the years since that time, further divestiture by the Tanzanian Government and subsequent listing of the bank's stock has led to a diversified ownership structure, as outlined under "Ownership".^[5]

Ownership

The stock of the bank is listed on the Dar es Salaam Stock Exchange, under the symbol: NMB.^[6] NMB stock is owned by institutions and private individuals as detailed in the table below:^[7]

**National Microfinance Bank Stock Ownership**
Rank	Name of Owner	Percentage Ownership
1	Rabobank of the Netherlands	34.9
2	Government of Tanzania	30.0
3	Private Investors via DSE	21.0
4	National Investment Company Limited (NICOL)	6.6
5	Exim Bank (Tanzania)	5.8
6	TCCIA Investment Company Limited	1.7
7	TOTAL	100.0

Branch Network

As of December 2015, the bank maintains over 175 networked branches in all regions and provinces of Tanzania.^[8]

References

↑ BOT, . "Directory of Commercial Banks Operating In Tanzania". Bank of Tanzania (BOT). Retrieved 15 November 2014.
1 2 TDN Reporter (29 July 2016). "Tanzania: NMB Posts Strong Financial Results". Tanzania Daily News (TDN) via AllAfrica.com. Dar es Salaam. Retrieved 29 July 2016.
↑ Daily Times Reporter, . (17 February 2014). "Tanzania: NMB Bags Sh132.5 Billion Profit". Tanzania Daily News (Dar es Salaam). Retrieved 15 November 2014.
↑ Business Times Reporter (13 December 2013). "Total Assets of Commercial Banks In Tanzania At 31 September 2013". Dar es Salaam: Tanzania Business Times. Retrieved 15 November 2014.
↑ NMB, . "The History of National Microfinance Bank". National Microfinance Bank (NMB). Retrieved 15 November 2014.
↑ FGS, . "List of Companies Which Trade On the Dar es Salaam Stock Exchange". First Global Select (FGS). Retrieved 15 November 2014.
↑ NMB, . (2013). "The Current Shareholders of National Microfinance Bank". National Microfinance Bank (NMB). Retrieved 15 November 2015.
↑ NMB, . "The Branch Network of National Microfinance Bank". National Microfinance Bank (NMB). Retrieved 15 November 2014.

External links

Banks of Tanzania

Big four Banks	CRDB Bank Exim Bank National Bank of Commerce(NBC) National Microfinance Bank (NMB)

Commercial banks	AccessBank Advans Bank Akiba Commercial Bank Amana Bank Azania Bank Bank M Bank of Baroda Barclays Bank Tanzania Commercial Bank of Africa Dar es Salaam Community Bank Diamond Trust Bank Ecobank Equity Bank First National Bank Tanzania FBME Bank Habib African Bank I&M Bank ICB Bank Kenya Commercial Bank Mkombozi Commercial Bank NIC Bank People's Bank of Zanzibar

Major foreign banks	BancABC Bank of Africa Citibank Bank of India Stanbic Bank Standard Chartered United Bank for Africa United Bank Limited

Financial institutions	Maendeleo Bank Tanzania Postal Bank Tanzania Women's Bank Limited

Development bank	Tanzania Agricultural Development Bank Tanzania Investment Bank

Central Bank of Tanzania

Economy of Tanzania

Currency	Tanzanian shilling Bank of Tanzania

History	Ujamaa Zanzibar Economy Poverty

Industry and Business	Agriculture Coffee Cashew Sisal Mining Companies Tourism

Government Agencies	Tanzania Portal Chamber of Commerce Tanzania Ports Authority Taxation

Transport and Infrastructure	Airports Roads Rail TAZARA Railway DART Julius Nyerere International Airport

Communications	TTCL Vodacom tiGO Airtel Halotel Sasatel SEACOM EASSy

Finance and Banking	Dar es Salaam Stock Exchange (DSE) Banking Microfinance Telecommunications

Economic Blocks	East African Community Southern African Development Community

Energy	TANESCO Power Plants Petroleum Development Tanzania Atomic Energy Commission

Future	East African Railway Master Plan Mtwara Development Corridor

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