National Bank of Commerce
Being in the market for over 45 years and being in part of a major global financial service organisation with over 300 years’ experience in banking, employing 147,000 dedicated professionals in over 50 countries, committed to the financial success of 48 million customers and clients worldwide. NBC has a wealth of expertise in personal, corporate, business and investment banking and wealth management from which your banking needs will be catered for.
NBC have all the experience and confidence to offer you a wide range of banking solutions with various options to cater for all your banking needs. NBC Personal banking is a one stop banking for your personal account, student account, business account, children’s account. That is not all; with NBC personal banking you can acquire loans as well as getting insurance covers for yourself and your properties.
NBC corporate and investment specialist teams cover major industries including Oil & Gas, Mining & Metals, Commodities, Telecoms, Infrastructure& Public Sector and Power &Energy with experience and knowledge to support your diverse financial needs. Our Global Relationship Model ensures your business has access to the Group’s global capabilities with the in country relationship teams and product specialists having extensive knowledge of local markets –we are able to provide flexible financial services with the stability and reliability that you would expect from our global capabilities.
NBC Treasury provides you with foreign exchange solutions such as Spot and Forward Foreign exchange in all major currencies against the Tanzania Shilling (TZS) at competitive prices. Moreover, NBC Treasury provides investment solutions such as Call and fixed deposits in TZS, EUR, GBP and ZAR.
With its highly experienced team, NBC Treasury has the capability in offering solutions in the management of exchange rates, interest rate and commodity price risk by providing a variety of innovative hedging solutions that include Interest Rate Swaps (IRS), Cross-Currency Swaps (CCS) and FX Options.
Your NBC debit cards can be used in more than 301 NBC ATMs and in over 248 areas including hotels, shopping centres, supermarkets and hospitals across the country and you are served in any of more than 52 branches country wide.
NBC Ltd. was formed on 1st April 2000 when NBC (1997) Ltd. was privatised and sold to ABSA Group Ltd. (now called Barclays Africa Group Limited) of South Africa. NBC (1997) Ltd. was itself born out of the nationalization of banks and financial institutions in Tanzania in 1967.Tanzania later deregulated banking in 1991. In 1997, a decision was taken to split NBC into three entities, namely NBC Holding Corporation, National Micro-finance Bank (NMB) and NBC (1997) Limited. This was the first step towards the privatization of NBC.
NBC Ltd has a partnership with the government, and other organizations, in promoting the socio-economic development and prosperity of Tanzania. The government of the Republic of Tanzania has committed itself to transforming the economy of the country from being public-sector driven to being private-sector driven. To this end, privatisation has been chosen as one of the key routes by government. Privatisation entails that government is moving out of business - as in the management of companies - and promoting an enabling environment for economic growth and development as supported by the private sector.