Mwanza, April 21, 2016….National Microfinance Bank (NMB) has today organized a meeting of NMB Executive Network members from Lake Zone a meeting that brought together over least 100 top ends Business Customers and corporates who commands the annual turnover of over TZS 10 Billion each.

Limited top end SME’s customers with turnover of over TZS 2.5Billion were also invited in the gathering which among others they discussed on ways to improve their business relationship and foster rewarding relationship between the bank and its top end customers.

NMB Managing Director – Ineke Bussemaker giving a present to one of the delegates at the NMB Executive Network Meeting in Mwanza over the weekend. NMB organized the NMB Executive Network that brought together over 100 top ends Business Customers and corporates from lake zone who commands the annual turnover of over TZS 10 Billion each. Limited top end SME’s customers with turnover of over TZS 2.5Billion were also invited in the gathering which among others they discussed on ways to improve their business relationship and foster rewarding relationship between the bank and its top end customers

Members of the Executive Network also got the opportunity to wellness training where they will acquire financial, regulatory, business, governance and marketing education. This will improve business knowledge of the country’s corporates, SME’s and MSME’s.

The NMB Executive Network is Limited to big Commercial Cities of Dar es Salaam, Mwanza, Arusha, Morogoro, Mbeya and Kilimanjaro which is expected to be launched soon.

The NMB Managing Director – Ineke Bussemaker, said that the aim of holding such meetings is to strengthen business relations with its top end business and corporate customers.

“NMB is committed in ensuring that customers get the best while contributing to their business growth, the bank has done remarkable improvements and innovation to suit customers’ needs. The launch of NMB MasterCard and Private Banking being among the improvement,” Said Ineke    

Ms Bussemaker further said“the improvements done by the bank so far will help to bring services more close to this segment of customers where they will not only get the best services but also acquire financial, regulatory, business and marketing education in order to become and remain competitive.”

She further said after the banks successfully implemented the business clubs which targeted the SME and MSME’s, the bank decided to start executive network to bring in the top customers who are above the SME and MSME’s category.

NMB Executive Network is a network for Emerging and Large Corporates with an annual turnover of at least TZS 10 Billion.

Members of the executive Network normally get trained in capacity building in areas affecting business (Business planning, Taxation, Business Regulations), sponsorship to major trade countries (China, Hong Kong, Dubai), Fast track treatment at all NMB Branches, Preferential forex rates, Special ID as a recognition to all NMB Branches.

SME activities are of paramount importance to both the bank and the economy where in just few years the bank has so far supported over 60,000 SMEs nationwide, representing 25 per cent of the NMB’s overall business.

Some of these SME’s only use NMB for current account and payments while others use NMB for internet banking or trade finance and foreign exchange. And a large proportion is using lending products.

Through the Banks support to the Micro, Small and Medium Enterprises (MSME), NMB has created business centres, which are dedicated branches only for SME’s nationwide. They are currently in Kariakoo, Arusha, Mbeya and Mwanza and soon to come in Sinza, Moshi and Morogoro.