POSTED ON 27 OCT, 2020

NMB Bank Plc. ("NMB") has recorded a 76% increase in profits for the period ended 30th September 2020. Over the last five years, the country has experienced a period of sustained economic growth underpinned by accommodative monetary and fiscal policies. It is on the back of this favorable business operating landscape, coupled with successful implementation of the Bank’s strategic initiatives that has let to NMB's enhanced profitability growth in the Quarter Ending September 2020. During this Quarter, the Bank’s Profit before Tax surged by 76% from TZS 118 billion in Q3 2019 to TZS 208 Billion in the same period, while Profit after Tax increased from TZS 82 Billion in Q3 2019 to TZS 145 Billion, a 77% increase Year on Year. Additionally, during this period the Bank's strategy to grow its strategic income streams was further re-affirmed with a growth of operating income of 14% from TZS 527 Billion in Q3 2019 to TZS 600 Billion in Q3 2020. The Bank's efficiency program and disciplined cost management efforts are also trending well, leading to an improved Cost to Income ratio of 52%.  Further, confirming the Bank's growing reputation as an economic development financier, NMB Bank’s total assets grew by 15% to TZS 7.0 Trillion in Q3 2020 up from TZS 6.1 Trillion in Q3 2019 and this was supported by growth of both Customer Loans &Customer Deposits by 16% and 15% respectively. The Bank also achieved a notable improvement in the quality of the loan book leading to a reduction in loan impairment charges by 22% YoY. According to the financials, NMB strengthened its capital base within both internal and regulatory limits, which is central to sustained business growth in the many years to come. The Bank's core capital as a proportion of its Total risk weighted assets continue to be above the Bank of Tanzania statutory minimum of 12.5 percent. Speaking when she released the Bank's 3rd Quarter results, NMB Bank Plc Chief Executive Officer, Ruth Zaipuna, acknowledged that the current growth comes hot on the heels of a rapid economic growth in Tanzania as witnessed by the declaration of the Country's middle-income status in July 2020.  Sustained GDP growth rate over the recent past has also boosted the performance of the banking sector in Tanzania, with NMB Bank being one of the beneficiaries. Ms. Zaipuna said: "The strong financial performance that NMB Bank has experienced throughout 2020 is an encouraging indicator of the effectiveness of our Strategy, the quality of our people and the tremendous market confidence on the Bank. We continue to thank our esteemed clients, shareholders and our employees for these excellent set of results." On the same tone, last week, The Bank was recognized the Safest Bank in Tanzania for the year 2020 by Global Finance. The accolade comes a few months after Euromoney, a leading global financial markets magazine based in London, named NMB the Best Bank in Tanzania for the eighth consecutive year.

POSTED ON 22 OCT, 2020

Dar es Salaam – October 21, 2020: NMB Bank Plc hasbeen awarded the Safest Bank in Tanzania for the year 2020. The top award was issued on Monday 20, October 2020by Global Finance, a leading global financial markets magazine based in New York, USA. Annual rankings of the World’s Safest Banks by country are selected after an evaluation of long-term foreign currency rating sfrom Moody’s, Standard & Poor’s and Fitch investor services - in addition to the total assets of 500 largest banks worldwide, of which NMB received a significant ranking over its peers. The accolade comes a few months after NMB Bank was named the Best Bank in Tanzania for the 8thconsecutive year by Euro money, a leading global financial markets magazine based in London. NMB’s CEO, Ruth Zaipuna said: “We are honored to be recognized as Tanzania’s Safest Bank in 2020. We continue to work tirelessly to evolve the Bank’s capabilities to deliver sustained returns. As the uncertainty surrounding businesses in the world post Covid-19 pandemic still lingers on, this award is a testament of our stability, resilience and digital transformation capabilities in supporting employees, customers and the wider community to achieve financial success.” Zaipuna said this award underscores the importance NMB Bank places in providing a secure banking experience for its customers and elevating its position within the global financial community in defining the future of banking. In the 2019 financial performance, NMB Bank reported a TZS 142 billion profit after tax, a 46% increase from TZS 98 billion recorded in 2018,retaining its position as the most profitable bank for over a decade. NMB currently has total assets of overTZS7 trillion. NMB’s shareholder base includes Rabobank which holds a 34.9% stake and the Government of Tanzania with a 31.8% shareholding. Joseph D. Giarraputo, Publisher and Editorial Director of Global Finance, said: "For most of 2020, the worldwide pandemic has upended commerce and made forecasting even more difficult, yet business must continue. NMB is an example of a bank that was ready for the sharp rise in demand for digital banking services during the pandemic and has been mostly stable. The rankings will be used by companies, investors and individuals to gauge the relative safety of banks with which they choose to do business."

POSTED ON 15 SEP, 2020

NMB Bank has raised TZS 100 million that will be spent on treating children with cancer at the Muhimbili National Hospital. The amount was raised over the weekend through a charity race titled NMB Bima Marathon 2020. Gracing the event, Prime Minister Kassim Majaliwa commended efforts by the bank in coming up with this charity marathon to help mobilize resources for the noble cause while sensitizing the public about the benefits of insurance products. Prime Minister Kassim Majaliwa (right), NMB CEO, Ruth Zaipuna and NMB Board Chairman Dr. Edwin Mhede handing over a dummy cheque of TZS 100 million to Muhimbili National Hospital Managing Director, Prof. Lawrence Museru (left) to cover medical costs for children suffering from cancer during NMB BIMA marathon event held in Dar es salaam. Second left is Sanlam East Africa CEO, Julius Magambe. Majaliwa further noted that Non-Communicable Diseases(NCDs)remain a major challenge in the country hence both public and private sectors should work together to address the situation. Speaking at the event, The NMB Bank Plc Board Chairman, Dr. Edwin Mhede said the bank and its insurance partners are collaborating with authorities to fight against cancer and other NCDs. “As the government under its Development Vision 2025 focuses on strengthening health systems and committing further investments in the health services, our support today aims at ensuring children suffering from cancer have access to treatment so they can achieve their dreams and contribute to the betterment of our nation,” he said.  

POSTED ON 09 OCT, 2020

NMB Bank Plchas announced the debut of offering services with UnionPay International today that enablesUnionPay cardholders worldwide to access services at NMB ATMs, merchant Point-of-Sales (POS) and e-commerce platform across Tanzania. NMB Bank merchants are also enabled to accept online payments on their websites. Zanzibar’s Minister for Information, Tourism and Heritage, Mahmoud Thabit Kombo (second right) and top officials from NMB Bank led by the Bank’s Chief Executive Officer, Ruth Zaipuna displaying the new logo for NMB Pay. Zanzibar’s Minister for Information, Tourism and Heritage, Mahmoud Thabit Kombo (second right) and top officials from NMB Bank led by the Bank’s Chief Executive Officer, Ruth Zaipuna displaying the new logo for NMB Pay. The NMB Bank Chief Executive Officer, Ruth Zaipuna, said the UnionPay acquiring services being launched willfacilitate quick, easy and secure payment services enabling real-time access to UnionPay cardholders to their funds with extra digital value-added services. “This is another milestone on NMB Bank’s commitment to enhance customer service access and experience.  It is also an opportunity for merchants such as retail stores, hotels, tour operators to boost their cross-border businesses by accepting online payments,” she said. Zanzibar’s Minister for Information, Tourism and Heritage, Hon. Mahmoud Thabit Kombo symbolizes cash withdrawal using a Union Pay Card at our ATM. Looking on are the bank’s Chief Executive Officer, Ruth Zaipuna (second left), Chief of Retail Banking, Filbert Mponzi (second right), Dar Zonal Manager, Donatus Richard (Right) and Cluster Manager, Abdallah Duchi. “With our chain of more than 1,750 POS terminals and over 800 ATMs across the country, the service is expected to significantly benefit UnionPay cardholders.”A UnionPay card is recognized as a significant payment tool for the trade, tourism and culture exchanges between Africa and Asia. This cooperation between NMB Bank and UnionPay International has further extended UnionPay’s cross-border capabilities and symbolize a new era of financial transformation,”said Mr. Luping Zhang, General Manager of UnionPay International Africa Branch, “We are excited to roll out this comprehensive acceptance with NMB Bank, a market leader in Tanzania”. UnionPay International offers high quality cross-border payment services, competitive and secured services to cardholders worldwide, and ensures convenient and swift local services to an increasing number of merchants and customers using UnionPay cards. Today, with over 8.4 billion cards issued in 61 countries and regions, UnionPay serves the world’s largest cardholder base. In Africa, UnionPay is present in 50 countries with cards issued locally in 11 countries. Moreover, UnionPay has launched various innovative payment products in Africa in response to the worldwide digital transformation and financial inclusion.  

POSTED ON 09 SEP, 2020

Initiative aims to increase financial inclusion, build the domestic payment ecosystem, and further increase the adoption of contactless payment solutions in Tanzania. Dar es Salaam, Sept 8,2020: NMB Bank Plc and MasterCard today announced a partnership to roll out 3 million Mastercard branded prepaid and credit cards in Tanzania over the next five years. The collaboration aims to further build the domestic payment ecosystem and empower Tanzanian consumers with safe and secure electronic payments. Through the partnership, NMB will issue secure EMV Chip and PIN prepaid and credit cards with contactless technology, underpinned by MasterCard’s payments technology. The initiative is among the first and largest rollout of contactless payment cards in Tanzania. Contactless payments are simple, safe, and faster than other in-person payment methods, enabling customers to get in and out of stores faster. The partnership between NMB Bank and MasterCard comes at a time when Tanzania’s financial sector is migrating from magnetic strip cards towards the more secure EMV Chip and PIN cards. EMV technology has been touted as the safest way to conduct cashless payment transactions, and has been adopted widely by major markets globally, resulting in reduced card fraud and more efficient payment systems. Ruth Zaipuna, Chief Executive Officer, NMB Bank, said: “We are pleased to work with Mastercard to launch 3.0 million Prepaid and Credit cards in Tanzania. This initiative reaffirms our commitment to deepening the local cash lite economy, and underpins our goal of reaching over 600,000 customers in 2020 to drive financial inclusion and create a cashless society. Not only will these cards provide consumers with a secure means of making transactions, but they will also support the business community, whose purchases demand the use of foreign currencies. This move is a significant milestone in Tanzania, and we are confident that it will provide all types of customers with enormous value, from the mass segment to private banking customers." With the NMB Prepaid card, customers will have an opportunity to access over 15 currencies across the world, and have six currencies active at the same time, loaded into one Prepaid card. Frank Molla, Mastercard Director, Country Business Development, East Africa, said: "MasterCard has been spearheading the transition to contactless for over 15 years, championing tap-and-go as the most simple, safe and a fast way to pay. Innovation is central to achieving our vision of cashless society in Tanzania, and we remain committed to developing market-relevant payment solutions that offer true value to consumers. This partnership with NMB supports our goal to bring 1 billion people into the digital economy by 2025, and we are pleased to work together in Tanzania towards the growth of a cash lite economy." For more information about NMB and its services, you can contact:Eunice Chiume, Head of Communications and Corporate AffairsEmail: This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloake90de1c1b67e08ef86ca59faf45dac8d').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addye90de1c1b67e08ef86ca59faf45dac8d = 'Eunice.Chiume' + '@'; addye90de1c1b67e08ef86ca59faf45dac8d = addye90de1c1b67e08ef86ca59faf45dac8d + 'nmbbank' + '.' + 'co' + '.' + 'tz'; var addy_texte90de1c1b67e08ef86ca59faf45dac8d = 'Eunice.Chiume' + '@' + 'nmbbank' + '.' + 'co' + '.' + 'tz';document.getElementById('cloake90de1c1b67e08ef86ca59faf45dac8d').innerHTML += ''+addy_texte90de1c1b67e08ef86ca59faf45dac8d+''; About Mastercard (NYSE:MA) 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 www.mastercard.com For more information, you can contact:Toju Egbebi, Communications Manager, Sub-Saharan Africa, MastercardEmail: This email address is being protected from spambots. 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