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NBC
LIMITED
REPORT
AND ACCOUNTS
AT
31 DECEMBER 2005
NBC LIMITED
FOR
THE FINANCIAL YEAR ENDED 31 DECEMBER 2005
1.
The Directors present this report and the
audited financial statements for the year ended 31 December 2005.
2.
NATURE OF BUSINESS
The
company is engaged in the business of banking and the provision of related
financial services.
3. RESULTS
AND DIVIDEND
During the year, the bank had attributable income of Tzs
18,004 million (2004 - Tzs 10,951 million). The
audited financial statements for the year are set out on pages 9 to 32.
The
Board of Directors proposes a dividend of Tzs 3.0
billion (2004 – Tzs 4.5 billion).
4. DIRECTORS
The
directors, who served during the year and up to the date of this report, were:
|
Name |
Nationality |
|
Date of appointment / resignation |
|
|
Mary Ellen Iskenderian** |
American |
|
|
|
|
Ami Mpungwe** |
Tanzanian |
|
|
|
|
Blandina Nyoni** |
Tanzanian |
|
|
|
|
Charles Nyirabu**
(Chairman) |
Tanzanian |
Deceased |
27/11/2005 |
|
|
Johann Schreuder* |
South African |
|
|
|
|
Johann de Wet* |
South African |
|
|
|
|
Christo de Vries*
(Managing Director) |
South African |
|
|
|
|
Frans du Toit** |
South African |
|
|
|
|
Nazir Karamagi** |