History of NMB Bank Plc
NMB Bank Plc (National Microfinance Bank) is one of Tanzania’s largest and most
prominent financial institutions. It was established in 1997 following the restructuring and
privatization of the former National Bank of Commerce (NBC), which was split into three
entities: NBC (1997) Limited, Cooperative and Rural Development Bank (CRDB), and
National Microfinance Bank (NMB). NMB was created to focus on providing microfinance
services and rural banking, aligning with Tanzania’s goal of increasing financial i...
In 2005, the Tanzanian government privatized NMB by selling a majority stake to a
consortium led by Rabobank Group, a Dutch financial institution known for its expertise in
rural and cooperative banking. This strategic partnership introduced modern banking
practices, improved governance, and enhanced operational efficiency. The bank expanded
its services beyond microfinance, introducing retail banking, SME financing, and corporate
banking products. By leveraging Rabobank’s expertise, NMB positioned itself...
NMB Bank Plc achieved a significant milestone in 2008 when it became a publicly listed
company on the Dar es Salaam Stock Exchange (DSE). The listing allowed the bank to raise
additional capital, which supported its expansion and innovation strategies. Over the years,
NMB has invested heavily in technology, launching digital platforms such as mobile banking,
internet banking, and agency banking to reach a broader customer base, particularly in
rural and underserved areas.
In recent years, NMB has focuse...
Today, NMB Bank Plc is a leader in the Tanzanian banking sector, serving millions of
customers through an extensive network of branches, ATMs, and mobile banking agents
across the country. The bank is committed to fostering financial inclusion, supporting
economic growth, and offering innovative banking solutions tailored to the needs of its
diverse clientele. With a focus on sustainability, digital transformation, and customer-
centricity, NMB continues to play a vital role in Tanzania’s financial and ec...
