NMB holds an Executive Network for emerging and large corporates in Special for Emerging and Large Corporates with a turnover of over TZS 10 Billion.
NMB Executive Network customers to benefit from training on capacity building in areas affecting their business
Mbeya, May 19, 2016…. National Microfinance Bank Plc (NMB) has today organized a meeting event of NMB Executive Network members from highland Zone, a meeting that brought together over 100 emerging and large corporates who commands the annual turnover of at least TZS 10 Billion each, some top end SME’s customers with turnover of over TZS 2.5Billion were invited including prospects customers .
NMB Executive Network is a forum that started in 2014 targeting major cities Dar, Mwanza, Mbeya, Morogoro, Arusha and Kilimanjaro expected to be launched soon. The main aim of the network is to foster rewarding relationship with NMB business customers. This is achieved by providing forums for customers to explore business opportunities through training, capacity building and networking opportunities.
The NMB Chief of Wholesale banking – Richard Makungwa, 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 we do continuous improvement of products and services to match the changing needs of customers. This is achieved through feedback from customers such as from the Executive Network,” Said Mr Makungwa
MR Makungwa further said that 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 various trainings including the ones received at the meeting on Wellness and Governance. .
Members of the Executive Network normally get trained on capacity building in areas affecting business (Business planning, Taxation, Business Regulations), sponsorship to major trade countries (China, Hong Kong, Dubai), Fast track counters at all NMB Branches, Preferential forex rates, Special customer ID as a recognition to all NMB Branches – all these are done in order to support businesses become and remain competitive.
SME activities are also 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.
Mr Makungwa said that SME’s use NMB services for current account and payments while others use NMB for internet banking or trade finance and foreign exchange. And a large proportion is using the lending products.
Through the Bank’s support to the Micro, Small and Medium Enterprises (MSME), NMB has created business centres, which are dedicated branches only for SMEs nationwide. They are currently in Kariakoo, Arusha, Mbeya and Mwanza and soon to come in Sinza, Moshi and Morogoro.
About NMB
National Microfinance Bank PLC is Tanzania’s leading retail bank, both in customer base and branch network. With over 2 Million customers, about 175 branches and over 600 ATM’s, NMB is represented in more than 95% of Tanzania's districts. NMB serves individuals, micro and small enterprises as well as larger businesses. NMB has a strong financial record, based on years of strong and stable performance. NMB is listed at the Dar Es Salaam Stock Exchange. NMB’s largest shareholders are its strategic partners Rabobank with a 34.9% share and the Government of Tanzania with a 31.9% share.
NMB pioneered major innovations in the market including agency banking (NMB Wakala), mobile banking and Pesa Fasta an ATM based remittance product targeted at the unbanked.
NMB plays an important role in the agricultural value chain and pioneered warehouse receipt financing for the country’s Amcos. NMB has been awarded Best Bank in Tanzania by Euromoney three times in 2013, 2014 and 2015 as well as the best retail bank for 2015 by World Finance Magazine.
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