NBC Bank Tanzania
Overview
NBC Bank is the oldest serving bank in Tanzania with over five decades of experience. NBC Bank 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 nationalised all financial institutions, including banks. In 1991, the banking industry was amended and six years later, in 1997, the institution then known as National Bank of Commerce, was split into three separate entities:
- NBC Holding Corporation
- National Microfinance Bank (NMB)
- 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 ATMs, NBC delivers a unique collection and banking capability to our customers
- NBC currently employs around 1,200 staff across the country
For info visit; https://www.nbc.co.tz/