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.”

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.

NMB Bank has teamed up with Savings at the Frontier(SatF), a partnership between Mastercard Foundation and Oxford Policy Management,to introduce a unique financial inclusion model aimed at serving thousands of savings and loans groups in the country. Through the partnership, NMB and SatF aim to provide financial solutions to over 28,000 financially excluded groups across the country. The newly introduced model allows groups and group members to use the bank’s digital advantage which gives them room to self-open group and individual accounts through their mobile phones, manage members’ activities without a physical visit to branches, safely and securely save their excess funds while taking advantage of the growing network of banking agents and mobile money integration. The new model is an enhancement of the ‘NMB Pamoja Account’ which targetsVillage Savings and Loans Associations (VSLAs), Savings and Internal Lending Communities (SILC), Village Community Banks (VICOBA), Community Based Savings Groups (CBSG), Community Based Organizations (CBO), Family and Friends Groups, and links them to the bank with the widest branch network in the country. Our Acting Managing Director - Ruth Zaipuna (Left) and Chief Retail Officer - Filbert Mponzi (Right) in a jovial mood moments after the official launch of NMB Pamoja Account. Others in the picture are Ms. Zaina Mikidadi (centre) a customer, Acting Chief Finance Officer - Benedicto Baragomwa, Chief Wholesale Banking - Alfred Shao and Acting Chief Human Resources Officer- Emmanuel Akonaay. Speaking at the launch, The NMB Bank’s Acting Managing Director – Ruth Zaipuna said:“Our goal isto bridge the gap between the supply of formal financial services and informal savings groups by improving access to financial services.This is an enhancement of the current groups saving product named NMB Pamoja Account for affordable, convenient and easy to access banking services.” Extending NMB’s commitment to financial inclusion, NMB Pamoja is fully integrated with the NMB Chap Chap account, allowing groups and members to seamlessly transfer funds between groups and individual accounts with zero fees. The platform, which is safer and more convenient, is allowing thousands of savings group members to access formal financial services for the first time. Other features that increase simplicity and convenience include:beingable to make contributions, check balances, view mini-statements, open a group accountvia USSD(*150*68#), all with no monthly maintenance fee or account operational feeas well as attractive annual interest rates. “We are very proud to support NMB in this venture.We believe the partnership between NMB and SatF is a great opportunity to test a sustainable and scalable model that could really benefit informal savers in Tanzania and contributes to Bank of Tanzania’s plan for increasing financial inclusion, especially among women.”said Janet Hayes, Team Leader for SatF. The NMB-SatF collaboration breaks new ground, pioneering a new financial inclusion model. The move is expected to pave the way for more investment and participation of other players in the financial services sector. While NMB provides its banking excellence and platform as among the biggest banks in Tanzania, SatF brings to the table global experience and expertise in improving the financial inclusion of low-income individuals and communities in sub-Saharan Africa.  

NMB Bank PLC shareholders have approved TZS 48 billionin dividend (a 45% increase to its prior yeardividend payout) that will see every shareholder get TZS 96 per share. The resolution was made during the first ever-digital20thAnnual General Meeting (AGM) held last Friday. The Acting Managing Director – Ruth Zaipuna handing over the Annual General Meeting Minutes and her presentation to the Interim Chairperson of the NMB Board of Directors – Ms. Margaret Ikongo (Left) moments after the NMB AGM. Looking on is the Acting – Chief Financial Officer – Benedicto Baragomwa.  The significant increase in dividend payout reflects the excellent 2019 annual results and a strong capital position of the Bank. The recommended dividend payout of TZS 48 billion or TZS 96 per share represents a forty five percent (45%) increase compared to dividend payout of TZS 33 billion or TZS 66 per share paid for 2018 and is in line with the bank’s dividend policy of paying out a third of its profit after tax (PAT) as dividend. The Bank’s long-term intention is to accelerate dividend growth in the coming years.The Bank reported a TZS 142 billion profit after tax (PAT) for the year ended December 31, 2019; a forty six percent (46%) increase from 98 billion that was recorded in the previous year. The increase in profitability was due to theincrease in operating income, reduction in impairment charges as well as cost control measures that saw the Bank closing the year with a zero percentage increase in operating costs.Besides the said profit gains, the Board and Management of NMB are pleased to be able to report a number of innovations and successes during the year including the launch of alternative digital channels namelyNMB Mkononi and NMB Direct also an introduction of theenhanced agency banking model, NMB Wakala. The stable B1 credit rating awarded to NMB by Moody’s confirms the confidence of international investors in the Bank. The Bank is well capitalized with a Tier I Capital Ratio of seventeen percent (17%) and is highly liquid. The Board’s Interim Chairperson, Mrs. Margaret Ikongo, revealed that the Board seeks to balance maximizing shareholders’ returns while also reinvesting funds into the Bank’s business inorder to finance its growth plans. “NMB has over the years maintained a healthy capital position and we intend to continue doing so. To achieve this, it is crucial that we make the right decisions especially in anticipation ofany regulatory changes in capital requirements,” said the interim Chairperson. “As a Bank, we are committed to continue playing a leading role in driving Tanzania’s growth agenda through credit extension in the personal/household sector, agriculture, insurance, manufacturing and construction”, added Ms. Ruth Zaipuna, the Bank’s Acting Managing Director.Ms. Zaipuna said, the good results for 2019 underscores management turnaround strategy that sought to re-emphasize three strategic pillars; Deposit mobilization, Revenue generation and diversification, and operational efficiency. NMB is also dedicated towards supporting Micro and SME’s growth especially in the agriculture sector by providing capacity building through advisory services on better ways to invest in agri-business value chain, backed by the NMB Foundation, which provides agricultural awareness and financial inclusion education in the sector.“We are the leading Bank in Tanzania. Our best in-class governance, IT and support systems make our customers’ deposits and savings safer with us” she added.

First-of-its kind initiative supports Tanzanian government’s aim to increase digitization Dar es Salaam, Tanzania – 05 May 2020: Mastercard has partnered with transportation solutions provider EYWA and leading financial institution NMB Bank to launch the EYWA Transit Solution in Tanzania. Consisting of a mobile App and a Transit Card, this first-of-its-kind mass transportation solution in the country will leverage cashless payments and digital technologies to efficiently transform how millions of commuters are moved daily within and across major cities. Powered by the Mastercard QR (quick response), EYWA’s mobility management platform technology and NMB Bank’s banking expertise, commuters can now minimize contact during transit and stay safe as they commute. The solution enables commuters to avoid ticket-buying queues; check into the waiting pool of their destination; track the time of arrival of their buses and avoid the jostling and human-to-human contact by scanning their card to board the bus. With the use of their mobile phones (feature or smartphone) and transit cards, commuters can also cut out cash payments and the time wasted waiting for change through the pre-payment feature. Commercial bus operators on the other hand will be able to view their passenger pool ahead of their arrival at the next station, ensure swift and organized passenger pick-up and be pre-informed on the number of stops per trip making travel time more predictable and efficient. In addition to this, bus operators will also benefit from being included in the financial ecosystem through the digitized payments, creating for themselves distinct financial records needed for securing credit facilities for the expansion of their business or maintenance of their vehicles. Toffène Kama, CEO of EYWA said: “We are committed to making decent mass-transit services accessible for all with a goal of moving millions of Africans daily and safely, at the cost they can afford. As the world grapples with the COVID-19 pandemic, we are humbled to be able to launch a solution that will enable commuters in Tanzania transit while being able to stay safe by limiting human-to-human contact. Leveraging Mastercard QR and our unique technology, the solution centralizes the fare collection from a broad range of payment methods, ensuring a convenient, secure and hassle-free cashless experience for both drivers and passengers. We commend the efforts of the Association of Transporters in Dar es Salaam (UWADAR) and others in ensuring their network of drivers optimize this solution in providing better services to their customers”. Over the past year, Mastercard has launched several digital payment partnerships in Tanzania designed to equip people with the right tools to join the digital economy and pave their own path towards financial security. These partnerships have resulted in a Mastercard QR consumer base of tens of millionsand more than 50,000 new merchants accepting QR payments in the country. Adam Jones, Area Business Head, East Africa, Mastercard, said: “With more people traveling around urban areas for work or leisure, cities are looking to better address the demand across public transit networks. As such, we are proud to have partnered with EYWA and NMB Bank to launch Mastercard QR in the transport sector, an integral part of Tanzania’s economy. With thousands of people using public transport on a daily basis, our digital payment technology integrated into this solution will have a substantial and positive impact on driving inclusive growth, as well as building the digital economy. Also, as people adopt new spending and sanitary behaviors in the light of current realities, this touch-free payment and transport system will enable more people to commute safely and transform the transport system in the country”. This solution satisfies a growing need for an organized mass transit network that will appeal to all.  To enjoy this service, all passengers need to do is get their free EYWA Transit Card from EYWA agents located at bus stops and top-up through any of their preferred platforms. Commuters will receive information on the next arriving bus on their mobile phones. Smartphone users can also download the EYWA App for an even better user experience. As the banking partner in this partnership, NMB Bank is no stranger to enabling commercial transport operators join the formal economy using digital payments technology tools. Last year, leveraging Mastercard QR, the bank enabled commercial motorcycle riders (boda-boda riders) to receive payments from customers directly to their NMB bank accounts, introducing them to a safe and secure payment platform that includes them in the financial ecosystem. Ruth Zaipuna, Acting Managing Director of NMB Bank said:  “We are committed to growing Tanzania’s transportation sector and working with partners such as EYWA and Mastercard to introduce a digital solution that will not only promote a cashless society but will also benefit commuters and passengers – and the economy. “Formalization of these payments is a key component of NMB’s drive to enhance financial inclusion among the commuters and the transport sector as a whole. With Mastercard QR, we are providing an efficient means for commuters to receive payments from all MNOs and commercial bank customers that are Mastercard QR enabled. We all understand the obvious security risks that come with handling cash,” said Zaipuna. This service will be available at all bus stations nationwide in Tanzania, starting with Dar es Salaam. Mastercard and EYWA plan to expand to other markets across East Africa, enabling more people to enjoy smooth and seamless digital transit services in the coming months. - End -   About Mastercard (NYSE: MA), www.mastercard.com Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. Mastercard Communications Contact Toju Egbebi; This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloakd831ddd3a14ec7d8e5a763095210efdf').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addyd831ddd3a14ec7d8e5a763095210efdf = 'toju.egbebi' + '@'; addyd831ddd3a14ec7d8e5a763095210efdf = addyd831ddd3a14ec7d8e5a763095210efdf + 'mastercard' + '.' + 'com'; var addy_textd831ddd3a14ec7d8e5a763095210efdf = 'toju.egbebi' + '@' + 'mastercard' + '.' + 'com';document.getElementById('cloakd831ddd3a14ec7d8e5a763095210efdf').innerHTML += ''+addy_textd831ddd3a14ec7d8e5a763095210efdf+'';   About EYWA Eywa Miles Ltd. (EYWA) is a full-stack Mobility and Payment service provider incorporated in the United Kingdom. We startedas a consultancy business offering highly specialized expertise to Mobile Network Operators, Transport Operators, City Planning officials, before building a fully-fledged Mobility Management Platformespecially designed for developing markets. The Eywa team is diverse and complementary with serial entrepreneurs and professionals with decades of track records in all relevant sectors across North America, Europe, Africa as well as the Middle East. Our ultimate goal is to decently move over a billion commuters daily, at fares each one can afford without compromising on safety. After an initial mobile ticketing service launchedin collaboration with Orange (in West &Central Africa),we partnered with Mastercard to launch our next-gen mass-transit platform for a pan-African rollout. For more information about Eywa, please visit our website: www.eywamiles.com   For more information:www.eywamiles.comEmail: This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak62324dfe498ce3dcb1c51eff3d2293b3').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy62324dfe498ce3dcb1c51eff3d2293b3 = 'media' + '@'; addy62324dfe498ce3dcb1c51eff3d2293b3 = addy62324dfe498ce3dcb1c51eff3d2293b3 + 'eywamiles' + '.' + 'com'; var addy_text62324dfe498ce3dcb1c51eff3d2293b3 = 'media' + '@' + 'eywamiles' + '.' + 'com';document.getElementById('cloak62324dfe498ce3dcb1c51eff3d2293b3').innerHTML += ''+addy_text62324dfe498ce3dcb1c51eff3d2293b3+''; Rahma Mwapachu, NMB Bank Plc Ag. Head of Corporate Communications.  Email: This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak28ff5d395e5715263355b5086a715271').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy28ff5d395e5715263355b5086a715271 = 'Rahma.Mwapachu' + '@'; addy28ff5d395e5715263355b5086a715271 = addy28ff5d395e5715263355b5086a715271 + 'nmbtz' + '.' + 'com'; var addy_text28ff5d395e5715263355b5086a715271 = 'Rahma.Mwapachu' + '@' + 'nmbtz' + '.' + 'com';document.getElementById('cloak28ff5d395e5715263355b5086a715271').innerHTML += ''+addy_text28ff5d395e5715263355b5086a715271+'';