NMB Bank is one of Tanzania’s leading commercial banks, offering a wide range of financial services to individuals, businesses of various sizes, agricultural clients, and government entities. The bank’s origins trace back to 1997, when it was formed as part of a government-led restructuring of the old National Bank of Commerce. This restructuring created three separate entities: NBC Holdings Limited, National Bank of Commerce (1997) Limited, and National Microfinance Bank Limited (now NMB Bank). At its inception, NMB was limited to offering payment services and savings accounts, with restricted lending powers. Over time, it evolved into a comprehensive retail bank.
In 2005, the Tanzanian government began the process of privatizing NMB Bank by selling 49% of its shares to a consortium led by the Rabobank Group. This move was followed by a further divestment in 2008 when an additional 21% of the government’s stake was sold to the Tanzanian public via an Initial Public Offering (IPO). The IPO led to the bank’s listing on the Dar es Salaam Stock Exchange, helping to establish a more diverse shareholder base. These strategic developments played a critical role in transforming NMB into one of the most competitive and customer-focused banks in the region.
Over the years, NMB Bank has received multiple accolades that underscore its strong market position and financial performance. From 2013 to 2023, the bank was named “Best Bank in Tanzania” ten times by Euromoney awards for excellence. In 2023, it was also recognized as “The Safest Bank in Tanzania” by Global Finance Magazine. Additionally, in 2019, it was awarded the title of “Best Blended Finance Partner in Africa” by the International Finance Corporation (IFC) of the World Bank Group. These recognitions reflect NMB’s consistent commitment to innovation, customer service, and financial stability
Job vacancies at NMB Bank
For details on current job vacancies and application procedures, please download the PDF document linked below.
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