POSTED ON 21 AUG, 2020

Dodoma, August19, 2020 -The best and most profitable bank in the country, NMB Bank Plc, handed-over TZS 15. 2Billiondividend to the government yesterday, in Dodoma.Presenting a dummy cheque to the Minister forFinance and Planning Hon. Dr. Philip Mpango, the NMBBank’sChief Executive Officer– Ms.Ruth Zaipunasaid the dividend channeled to the government is part of the 31.8% shares it holds in NMB. In June this year, at the Annual General Meeting held in Dar es Salaam, shareholders approved TZS 48 Billion dividend to be distributed to shareholders, of whichTZS15.2 Billion has been paid to the Government.  In addition to the dividend, NMB Bankpaid over TZS 170.8 Billion to the government as taxes ranging from PAYE, CorporateTax, Skills and Development Levy, ExciseDuty and VAT on services. “We are a reliable and stablebank focusing on innovation and technology with a strong balance sheet,” said Ms.Zaipuna, adding that the current country’sbusiness environment provides enormous opportunities of which NMB with the largest network and invested digital banking solutions is ideally positioned to support the citizens and business community in reaching their goals. “We remain vigilant in balancing our objectives of sustainable growth, cost efficiency and prudent risk management” Receiving the dividend, the Minister for Finance and Planning –Hon. Dr. Philip Mpango said he washappy to continuously receive a growing dividend from NMB, calling other companies in which the government has shares to emulate the practice shown by the bank. “NMB is leading by example, they have been a leading profitable bank in the Banking Sectorin Tanzania. NMB is capitalizing on opportunities available in the country to do sound and profitable business,” said Dr Mpango. Dr.  Mpango added that “If others did the same as NMB ondividend, we would witness a great improvement in the provision of social services for Tanzanians and also contribute to the various strategic government projects in progress.”  NMB is one of the government’s privatized companies that has been making profits consistently   for the past 11 years. NMB Bank, in this time frame has paid overTZS 134Billion in dividendto the Government.

POSTED ON 19 AUG, 2020

 

POSTED ON 16 JUL, 2020

We are proud to announce that we havescooped the Best Bank in Tanzania awardfor the 8th consecutive year, outshining over 40 other banks operating in the country.This top award has been issued by Euromoney magazine, a leading global financial markets magazine based in London.The award is given after measuring a number of metrics including; financial performance, digital banking strategy, financial inclusion, product offerings, the approach to cybersecurity and corporate social responsibility. Other metrics considered include market capitalization, return on equity, return on assets, market share of deposits, market share of loans, loans-to-deposits ratio, non-performing loans ratio and non-performing loan coverage ratio. Our Board Chairman- Dr. Edwin P. Mhede, receiving the Best Bank award from the Acting Managing Director - Ruth Zaipuna. Looking on Chief of Retail Banking – Filbert Mponzi This global recognition reflects the progress we have made in utilising digital and innovative solutions to deliver real value to our customers. It is also a testament that we are a catalyst for economic change in our country as we endeavour to enhance the lives of our fellow Tanzanians by offering convenience and accessibility of our banking services. Our Board Chairman- Dr. Edwin P. Mhede, the Acting Managing Director - Ruth Zaipuna and Chief of Retail Banking – Filbert Mponzi, rejoices with the award awarded to them by Euromoney for being the Best Bank in Tanzania.Our Acting Managing Director, Ruth Zaipuna said, “We are today a bank that is known for, Resilience, focus on Technology and Innovation.” "NMB’s purpose is to drive Tanzania's growth. We are committed to being more than a provider of financial products and services - we are a catalyst for economic change in our country, and we endeavour to enhance the lives of our fellow Tanzanians by offering convenience and accessibility of our banking services across the country,” said Ms. Zaipuna insisting that winning this award for the 8th time in a row is a manifestation of the bank’s commitment to our clients and Tanzania.She added: “We are leveraging on the best of technology in digital banking, innovative products, our extensive branch network and alternative channels to add real value to our customers' lives”. The Euromoney Excellence Award confirms the bank’s investment in digital transformation and technology and its ability to deliver innovative solutions to the market. In the 2019 financial performance, the Bank reported a TZS 142 billion profit after tax, a 46% increase from TZS 98 billion recorded in the previous year maintaining it as the most profitable bank for over a decade.Describing the selection criteria and reliability of the award, Euromoney’s editor Clive Horwood explained: “We continue to seek the best of the best in all countries offering banking services. As every year, size is important but certainly not paramount. Profitability is of course vital, but so is an ability   to demonstrate growth, relative outperformance compared with peers and the ability to adapt to changing market conditions and/or client needs.”

POSTED ON 24 JUL, 2020

POSTED ON 15 JUN, 2020

Dr. Edwin P. Mhede NMB Bank Board Chairman   The Board of Directors of NMB Bank Plc is pleased to announce Dr. Edwin P. Mhede as the new Board Chairman of the Company. He was appointed as a Board member by the shareholders of the NMB Bank Plc on 5th June 2020 during its 20th Annual General Meeting, and thereafter was elected as Board Chairman.Dr. Mhede is currently the Chief Executive Officer and Commissioner General of Tanzania Revenue Authority (TRA). He is a development economist by training with over 15 years working experience in Government, Private and the Banking sectors specifically in Development Economics, Trade, Economic Policy, International negotiations and experience in Industrial Research and Investment. Dr. Mhede has held various management roles in the Government to the level of Deputy Permanent Secretary of Trade and Investment at the Ministry of Industry, Trade and Investments. He is highly recognized for leading multifaceted economic programs for the growth of the Public and Private sectors in Tanzania. Dr. Mhede holds a Ph.D. and Masters’ Degree in Development Economics from the National Graduate Institute for Policy Studies in Tokyo, Japan. He also holds a Bachelor of Science Degree in Agricultural Economics and Agribusiness from Sokoine University of Agriculture in Morogoro, Tanzania.Dr. Mhede brings in to the Company a wealth of experience in areas of Trade, Entrepreneurship, Agribusiness and Agricultural Investments. The Board and Management of NMB Bank Plc takes this opportunity to congratulate Dr. Mhede on his appointment.