To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.

National Bank of Commerce (Tanzania)

From Wikipedia, the free encyclopedia

NBC (Tanzania) Limited
IndustryFinancial Services
Founded1997; 24 years ago (1997)
HeadquartersSokoine Drive, Kivukoni, Dar es Salaam, Tanzania
Key people
Francis Mwakapalila
Theobald Sabi
Managing Director[1]
ProductsLoans, Savings, Checking, Investments, Debit Cards, Global Markets, Mortgages
RevenueIncrease:Pretax:TZS:14.3 billion (US$6.5 million) (2013)[2]
Total assetsTZS:1,768+ trillion (US$779+ million) (2017)[3][4]
Number of employees
1,200+ (2017)

National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and the national banking regulator.[1] In August 2019, the bank was fined 1 billion Tanzanian shillings ($435,000) because of the failure to establish a data center in the East African nation.[5]


The headquarters of the bank and its main branch are located along Sokoine Drive, in Dar es Salaam, Tanzania's financial capital and largest city.[1] The geographical coordinates of the bank's headquarters are: 06°49'04.0"S, 39°17'24.0"E (Latitude:-6.817778; Longitude:39.290000)[6]


It is one of the oldest banks in the country tracing its roots to as far back as Tanzanian independence.[7] At the end of the year in 2015, the bank had an asset base of over US$773 million (TZS 1.69 trillion) and is the fourth-best capitalized commercial bank in the country, behind National Microfinance Bank, CRDB Bank and FBME Bank.[8]

At the end of 2017, Tanzania's total banking assets were valued at TZS:29.97 trillion (US$13.2 billion).[3] At the same time, National Bank of Commerce (Tanzania) was reported to own 5.6 percent of all national banking assets,[4] translating in TZS:1,768+ trillion (US$779+ million).


The bank traces its origins to 1967 when the Tanzanian Government nationalized financial institutions, including banks. In 1991, the banking industry was deregulated. Six years later, in 1997, the institution then known as "NBC" was split into three separate entities: (a) NBC Holding Corporation (b) National Microfinance Bank (NMB) and (c) NBC (1997) Limited. In 2000, the South African banking group, Absa Group Limited, acquired a majority stake in NBC (1997) Limited. The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group took up 15% shareholding in the bank. The new entity became known as National Bank of Commerce (Tanzania) Limited.[9]


As of March 2016, Barclays Bank Plc. was seeking regulatory approval in Tanzania to merge this bank with Barclays Bank Tanzania in which Barclays maintains a controlling interest.[10][11]

Corporate affairs


At the end of 2015, the bank maintained a shareholder's equity of approximately US$117.7 million (TZS:257 billion).[12] The current shareholding in NBC (Tanzania) is as depicted in the table below:[13]

National Bank of Commerce (Tanzania) Stock Ownership
Rank Name of Owner Percentage Ownership
1 Absa Group Limited 55.0
2 Government of Tanzania 30.0
3 International Finance Corporation 15.0
4 TOTAL 100.0

Barclays Africa Group

Formerly known as Barclays Africa Group, is the largest consumer banking group in South Africa. It controls assets in excess of US$77 billion (ZAR:841.33 billion), as of June 2013.[14] In addition to its vast businesses inside South Africa, the Group owns subsidiaries operating in various parts of Africa, including majority shareholding in businesses in Angola, Mozambique and Tanzania, as well as minority interests in businesses in Namibia and Zimbabwe. In 2013, Absa Group Limited re-branded to Barclays Africa Group. In 2018, it rebranded back to Absa Group Limited.[15]

Key people

Francis Mwakapalila is the Chairman of the Board. The Managing Director of NBC (Tanzania) Limited is Theobald Sabi, who assumed the role following the departure of former Managing Director Edward Marks who was reassigned.[16][17]

Branch Network

As of August 2018, NBC Bank Tanzania maintains a branch network of 49 branches and numerous ATM's in most major cities and towns of the country.[18]

See also


  1. ^ a b c Bank of Tanzania (30 June 2017). "The Directory of Banks and Financial Institutons Operating in Tanzania as at 30th June 2017" (PDF). Dar es Salaam: Bank of Tanzania. Archived from the original (PDF) on 27 January 2018. Retrieved 9 May 2017. CS1 maint: discouraged parameter (link)
  2. ^ Daily News Reporter (16 April 2014). "Tanzania: NBC Bank Makes Sh14.3 Billion Pre-Tax Profit". Tanzania Daily News via Dar es Salaam. Retrieved 9 May 2018.
  3. ^ a b Elinaza, Abduel (9 February 2018). "Tanzania: Banks Performed Well in 2017, Study Shows". Tanzania Daily News via Dar es Salaam. Retrieved 9 May 2018.
  4. ^ a b Mirondo, Rosemary (7 February 2018). "CRDB rated highly in assets share in 2017". The Citizen (Tanzania). Dar es Salaam. Retrieved 9 May 2018.
  5. ^ "Tanzania's National Bank of Commerce hit with fine over data rules..." Reuters. 29 August 2019. Retrieved 1 September 2019.
  6. ^ Google (9 May 2018). "Location of the Headquarters of National Bank of Commerce Tanzania Limited" (Map). Google Maps. Google. Retrieved 9 May 2018.
  7. ^ "NBC Bank | NBC Bank Tanzania | NBC Bank Tanzania Africa | NBC Tanzania Africa | Banks". Retrieved 9 August 2016.
  8. ^ Times Reporter (13 December 2013). "Tanzania Banks' Total Assets Fell In Third Quarter". Business Times (Tanzania). Retrieved 29 October 2014. CS1 maint: discouraged parameter (link)
  9. ^ Mwakyusa, Alvar (29 October 2014). "Tanzania: TSh22 Billion NBC Debt to ABSA Will Be Paid, BOT Affirms". Tanzania Daily News via Retrieved 29 October 2014. CS1 maint: discouraged parameter (link)
  10. ^ Olingo, Allan (12 March 2016). "Barclays to merge Tanzania units, says it will not split Africa business". The EastAfrican. Nairobi. Retrieved 12 March 2016.
  11. ^ Kenyan WallStreet (4 March 2016). "Barclays & National Bank Commerce of Tanzania to combine operations". Nairobi:
  12. ^ "Balance Sheet, Income Statement & Cash Flow Statement". National Bank of Commerce. 31 December 2015. Retrieved 9 August 2016.
  13. ^ Times, Correspondent (25 February 2011). "Banking In Tanzania: What Makes NBC Limited Different". Business Times (Tanzania). Retrieved 29 October 2014. CS1 maint: discouraged parameter (link)
  14. ^ Absa (30 July 2013). "Absa Group Limited: Unaudited Condensed Consolidated Financial Results For The Interim Reporting Period Ended 30 June 2013" (PDF). Barclays Africa Group. Retrieved 29 October 2014. CS1 maint: discouraged parameter (link)
  15. ^ Kangethe, Kennedy (1 March 2018). "Kenya: Barclays Africa Group Set to Rebrand to Absa". Nairobi: 98.4 Capital FM. Retrieved 9 May 2018.
  16. ^ "Campbell, Colin Algernon, (1874–3 Jan. 1957), company director; former Director of Westminster Bank Ltd", Who Was Who, Oxford University Press, 1 December 2007, doi:10.1093/ww/9780199540884.013.u235438
  17. ^ Mwapachu, Juma Volter (October 1977). "Control of Public Sector Enterprises in Tanzania: Case of the National Bank of Commerce". Indian Journal of Public Administration. 23 (4): 970–990. doi:10.1177/0019556119770407. ISSN 0019-5561. S2CID 168665647.
  18. ^ "Barclays | Branch / ATM Locator : National bank of Commerce". Retrieved 18 August 2018.

External links

This page was last edited on 10 March 2021, at 21:32
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.