NBC Launches Leadership in action, I CARE, Campaign
20 Nov 2012: NBC yesterday launched a customer service campaign which will stretch to the end of November and involve the entire NBC Leadership team. The campaign known as Leadership in action, I CARE, focuses on improving service provision to NBC customers. It is a service focus day for the NBC Leadership Team.
NBC WRAPS UP DABO MSHIKO CAMPAIGN WITH 10 FINAL WINNERS
17 Oct 2012: The National Bank of Commerce (NBC) yesterday rewarded the final round of winners of the Dabo Mshiko deposit campaign which has been running countrywide since July 18th 2012 and has seen 30 lucky winners double their deposits.
The Handover was done at the NBC Head Office, where four lucky winners from Dar were given their prize money, while others from upcountry branches were rewarded at their respective branches. This round saw winners emerging from Mwanza, Tanga as well as Songea Regions.
NBC Managing Director, Lawrence Mafuru reinstated after probe
08 Oct 2012: On 19th July 2012, the Board of Directors of the National Bank of Commerce announced that Mr Lawrence Mafuru, the Managing Director of National Bank of Commerce had been requested and accepted to go on leave in order to allow investigations into irregularities allegedly perpetrated at the Bank.
The allegations which originated from a whistleblower report raised issues around irregular governance practices, fraud and corruption against the NBC Executive Management team. Driven by the values of the Bank and need to maintain high standards of good corporate governance the Board of Directors of National Bank of Commerce initiated thorough investigations into all the issues raised by the whistleblower with a view of establishing the validity of the allegations for appropriate actions to be taken.
NBC KICKS OFF THE DABO MSHIKO, DEPOSIT AND WIN CAMPAIGN
17 Jul 2012: The National Bank of Commerce (NBC) today has launched a two and half month campaign aimed at encouraging banking customers to build a saving culture by depositing money into their accounts and offering them an opportunity to double their money. The Deposit and Win campaign is known as Dabo Mshiko.
The campaign was launched at the NBC Corporate branch being part of the banks celebrations to mark 45 years of banking excellence, where several lucky customers will be rewarded with double the amount deposited in their accounts.
HAJJ CAMPAIGN TERMS & CONDITIONS
05 Jul 2012: 1 All people entering this promotional competition (the entrants) agree that the competition rules as set out in these terms and conditions are binding on them.
2 The organiser of this promotional competition is NBC. (For purposes of this promotional competition (NBC) means National Bank of Commerce Limited [registration number 32700], all subsidiaries and associates of NBC Limited and the ultimate holding company of the NBC Limited, its subsidiaries and associates.)
3 The entrant acknowledges that he/she has been given enough time to read these terms and conditions. The entrant is aware of all the terms printed in bold.
NBC LAUNCHES HAJJ CAMPAIGN FOR NBC ISLAMIC BANKING CUSTOMERS
04 Jul 2012: The National Bank of Commerce (NBC) today has launched a two and half month campaign for their Islamic Banking customers, in order to identify winners who will win two fully paid packages for two people to perform Hajj in October 2012 .
The campaign was launched at the NBC Head Office as part of the banks 45 years banking service celebration, where customers will be rewarded with various gifts and prizes in celebration of the occasion.
NBC SPONSORS USD70,000 IN SUPPORT OF TOP 100 MID-SIZED COMPANIES SURVEY 2012
20 Jun 2012: The National Bank of Commerce (NBC) has today handed over a cheque worth USD 70,000 to KPMG and Mwananchi Communications. Ltd (MCL) being the bank’s contribution to supporting the Top 100 Mid-sized companies survey which is being conducted by the firms.
The Survey, which is an annual event, was first launched in early 2011 and usually culminates in a gala Night where the Top 100 mid-sized companies in the country are awarded.
NBC SPONSORS TZS 21.4 MILLION IN SUPPORT OF WOMEN GOLFING ACTIVITIES
22 Feb 2012: The National Bank of Commerce (NBC) today handed over a cheque worth TZS 21.4m/- to the Tanzania Ladies Golf Union (TLGU) in support of the lady captain golf tournament taking place on Sunday 26th February 2012.
The annual tournament aims to identify the most qualified lady golfer who will steer the team to the victory, as the team captain for the rest of the year.
NOTICE TO OUR CUSTOMERS - UPDATING OF CUSTOMERS PARTICULARS
21 Feb 2012: Following the enactment, by the Government, of the Anti-Money Laundering Act, 2006 and regulations made thereunder, and issuance of a public notice by the Bank of Tanzania in September 2011, it is a statutory obligation for the banks to obtain and maintain records and detailed particulars of their customers.
NBC ACQUIRES 10.87% STAKE IN TANZANIA MORTGAGE REFINANCE CO. LTD
14 Feb 2012: The National Bank of Commerce (NBC) has today handed over a cheque worth TZS 1 billion to the Tanzania Mortgage Refinance Co. Ltd (TMRC) being acquisition of a 10.87% stake in TMRC. TMRC is a financial institution owned by the banks with the sole purpose of supporting banks to do mortgage lending by refinancing banks’ mortgage portfolios.
NBC launches Mastercard offering
18 Oct 2011: IN a move aimed at providing more convenient services to its clients, NBC Limited, has launched a MasterCard that will enable customers to access financial services globally.
NBC DONATES NEW MOBILE CLINIC
28 Sep 2011: At least 225,212 people, mostly women and children in the outskirts of Dar es Salaam, have received medical care through mobile clinics, deployed by the National Bank of Commerce (NBC) since 2002.
The Bank's Managing Director, Lawrence Mafuru said in Dar es Salaam yesterday that the clinics were also useful during the Medical Association of Tanzania Health Camp in the Lake Zone Area; the 2003 Africa Malaria Day' the 2007 Mass Drug Administration against Filarlasis (Matende) and also during the Gongo la Mboto bomb blasts when the Clinics were on site providing medical care.
NBC launches Corporate & Business Islamic Current Accounts
09 Aug 2011: The National Bank of Commerce (NBC) has introduced Corporate and Business Islamic Current Accounts for businesses that would like to operate under Islamic rules.The move follows the Islamic banking savings account for individuals, which has been successful since it was launched in May last year.
NBC LAUNCHES KAHAMA BRANCH
22 May 2011: The National Bank of Commerce (NBC) has officially opened its Kahama Branch in Shinyanga Region with an assurance of enhancing its services at the Lake Zone network.
NBC SUPPORTS THE MEDIA COUNCIL OF TANZANIA
05 May 2011: The National Bank of Commerce (NBC) has supported the Media Council on its Excellence in Journalism Awards (EJAT) event that took place on 3rd May 2011, on World Press Freedom Day. NBC sponsored the Economic and Business Award in Print and Electronic media segment at TZS 5,000,000.
NATIONAL BANK OF COMMERCE TAKES AGRIBUSINESS TO NEW HEIGHTS
14 Mar 2011: The greatest long-term potential to improve the quality of life of the Tanzanian population lies in agriculture. This is highlighted by the government’s initiatives i.e. Kilimo Kwanza.
The National Bank of Commerce (NBC) has agriculture as one of key growth areas but also understands that financing agriculture comes with a number of challenges i.e. understanding the risks associated with agriculture. Agriculture is unique in that it has two majors risk categories i.e. production and market risk. The production risk can be managed and mitigated through government and private sector initiatives but the market risk can only be mitigated by our understanding of the market and how well we manage value chain of the specific commodity.
NBC DONATES 11.5 MILLION TO KCMC
07 Mar 2011: The National Bank of Commerce (NBC) through its Corporate Social Responsibility Fund has donated TZS 10 million to Kilimanjaro Christian Medical Centre (KCMC) in Moshi recently. The donation was made at the hospital’s 40th Anniversary fundraising dinner whereby Archbishop Alex Malasusa was the Guest of Honour.
NBC DONATES TO BOMB BLAST VICTIMS
28 Feb 2011: The National Bank of Commerce has joined other well-wishers and supporters by donating materials worth TShs 5.5 million to victims of Gongo la Mboto bomb blasts which occurred last month in Dar es Salaam.
NBC's Communication's Consultant, Robi Matiko-Simba said the bank donated100 mattresses worth Tsh 3.5 million and it also sponsored mobile clinics to provide health services to the victims of the bomb blast of free of charge.
NBC ANNOUNCES 2010 FINANCIAL RESULTS
11 Feb 2011: The National Bank of Commerce (NBC) has recorded a total income of TZS 176.5bn for the twelve months ended 31st December 2010. This represents a 7% increase year on year compared to TZS 164.2bn recorded for the same period in 2009. This modest revenue growth is mainly a result of strong growth of our asset book which grew by 10% during the year 2010 resulting into a total interest income of TZS 123.9bn. Our asset book is made of both loans and advances to private sector and investment in government securities. Interest income contributed 70% of our income while non-interest income was 30% of the total income. Our non-interest income was driven by Treasury income as well as service fees and commissions.
NBC Launches FX Options Derivatives
13 Oct 2010: In its efforts to provide innovative products to its clients that can help them to better manager their financial risks, National Bank of Commerce (NBC) last week launched FX Options derivatives to its corporate clients. The product aims at assisting corporate; especially the likes of exporters and importers, to minimize their foreign exchange risk. "We have seen a lot of volatility with the Tanzanian Shilling recently resulting into uncertainty to those with foreign exchange exposure and an the FX Options product is another hedging tool that our customers can use to minimize their FX risk, in addition to the already existing FX Forward Contract product" said Mr. Pius Tibazarwa, Head of Treasury at NBC during an interview.
NBC DONATES 34M TSHS TO THE CONSTRUCTION OF TUMAINI UNIVERSITY DAR ES SALAAM COLLEGE
09 Jul 2010: The National Bank of Commerce (NBC) has donated TZS 34 000,000 towards the construction of Tumanini University DSM College.
The donation under NBC's Colleagues Initiative which is the bank's ongoing CSR program was pledged by the bank's new MD Mr. Lawrence Mafuru during a fundraising dinner that was held at the Blue Pearl Hotel on Tuesday.
NEW MANAGING DIRECTOR FOR NATIONAL BANK OF COMMERCE APPOINTED
27 May 2010: Dr Mussa Assad, Chairman of the Board of National Bank of Commerce Ltd,a subsidiary of South African banking group Absa, has announced the appointment of Lawrence Mafuru, as the new Managing Director with effect from 1 June 2010.
Mafuru who succeeds Christo de Vries, will also form part of the Absa Africa Executive Committee and sits on the NBC board.
NBC HOSTS WORKSHOPS TO EDUCATE THE PUBLIC ABOUT ISLAMIC BANKING
26 May 2010: The National Bank of Commerce NBC has hosted a workshop today to introduce Islamic Banking to its current and potential clients in Zanzibar.
Speaking during the workshop held at the Bwawani Hotel ………….. from NBC said it is key that clients and potential clients understand what the service is offering them and what makes it a better option for them, “NBC is always looking at ways to satisfy as many of our existing clients as possible while also opening the doors to others who may wish to join us. It is our belief that through Islamic Banking we have managed to find a way to meet both goals.”
NBC SPENDS 2.5M TSHS TO FINANCE THE EXPANSION OF UYAWENKO WOMENS GROUP MUSHROOM GROWING PROJECT
17 May 2010: The National Bank of Commerce (NBC) has donated TSZ 2,500,000 towards the expansion of a mushroom growing project for Uyawenko Women’s Group in Dar es Salaam.
The donation to UYAWENKO Women’s Group falls under NBC’s Colleagues Initiative which is the bank’s ongoing CSR program. It follows the banks move to adopt the group last year and assist them by financing their various projects.
NBC DONATES SEWING MACHINES WORTH 2.5 M TSHS TO UPENDO ALBINOS GROUP
14 May 2010: The National Bank of Commerce (NBC) through its corporate social responsibility program has donated sewing machines worth 2.5 million Tshs to Upendo Albino’s Group in Vingunguti Dar es Salaam.
Speaking during the handover ceremony at the Group center in Vingunguti, the NBC’s Marketing Consultant, Ms. Robi Matiko said “We are pleased to handover these Sewing machines that we believe will assist in the groups various activities to sustain itself and its activities.
NBC LAUNCHES ISLAMIC BANKING
30 Apr 2010: The National Bank of Commerce (NBC) has placed itself ahead of competitors in the Banking Industry by launching Islamic Banking to the public.
Speaking to editors from various media houses, during an editor’s brief held at the Kilimanjaro Kempinski Hotel in Dar es Salaam today NBC’s Managing Director Mr. Christo De Vries said this new service is part of NBC’s business banking strategy, to provide innovative products to meet the needs of the market..” The introduction of Islamic Banking in the Tanzanian market is aimed at ensuring that we offer products that appeal to all Tanzanians regardless of their faith or background.
NBC SCOOPS BEST LOCAL BANK IN AFRICA AWARD
07 Oct 2009: The National Bank of Commerce (NBC) Ltd. was honoured as the "Best Local Bank in Africa" at the African Banker Awards 2009 event held in Istanbul, Turkey, on Tuesday, 6 October 2009 while its parent company Absa Bank was recognised as the "Most Innovative Bank in Africa".
NBC LAUNCHES FAMILY FUNERAL SUPPORT COVER
24 Sep 2009: The National Bank of Commerce (NBC) today launched a family funeral support cover that will be known as Rambi Rambi Plus. Rambi Rambi plus is a stand alone insurance cover that compensates the family of the insured person in the event of death.
NBC MALENGO ACCOUNT CAMPAIGN HOLDS LAST DRAW
24 Aug 2009: Dar es Salaam, Monday, August 24, 2009: The National Bank of Commerce (NBC) today held the 3rd and final draw to pick winners of the concluded NBC Malengo account campaign that was launched on May 8th 2009.
The 3 month’s campaign saw 9 NBC Malengo account holders win cash prizes of TZS 1 million each every month.
NBC SPONSORS FUNDRAISING LUNCH FOR TANZANIA MITINDO HOUSE
14 Aug 2009: Dar es Salaam, Friday 14th August: The National Bank of Commerce (NBC) is the main sponsor of a fundraising corporate lunch for Tanzania Mitindo House (THM) to facilitate the organization to build a fun centre for orphans In Kigamboni, Dar es Salaam.
Tanzania House of Mitindo is an association for Tanzanian fashion designers and one of the projects the association is involved in is taking care of orphans.
NBC INJECTS TZS 10 MILLION INTO THE 2009 PRESIDENT’S MANUFACTURER OF THE YEAR AWARDS
06 Aug 2009: Dar es Salaam, Thursday 6th August: The National Bank of Commerce (NBC) is the sole sponsor of the 2009 President’s Manufacturer of the Year Award (PMAYA) organized by the Confederation of Tanzania Industries (CTI). NBC’s sponsorship is to a tune of TZS 10 million for the Annual Business Dinner and awards ceremony to be held at the MovenPick Hotel in Dar es Salaam with His Excellency President Jakaya Mrisho Kikwete as the Guest of Honour.
NBC DONATES 30 MILLION TO CCBRT DISABILITY HOSPITAL
22 Jul 2009: The National Bank of Commerce (NBC) through its ongoing Corporate Social Responsibility (CSR) program has made a donation of TZS 30 million to the Comprehensive Community Based Rehabilitation in Tanzania (CCBRT) disability hospital located in Msasani in Dar es Salaam. The donation is for 2 water sterilizers worth TZS 4 million and medical bills for disabled children to the tune of TZS 26 million.
NBC MALENGO ACCOUNT CAMPAIGN HOLDS 2ND DRAW
20 Jul 2009: The National Bank of Commerce (NBC) today held the 2nd draw to pick winners of the ongoing NBC Malengo account campaign that was launched on May 8th 2009.
The 3 month’s campaign will see 9 NBC Malengo account holders win cash prizes of TZS 1 million each every month.
NBC MALENGO ACCOUNT CAMPAIGN HOLDS 1ST DRAW
10 Jun 2009: The National Bank of Commerce (NBC) today held the 1st draw to pick winners of the ongoing NBC Malengo account campaign that was launched on May 8th 2009.
The 3 month’s campaign will see 3 NBC Malengo account holders win cash prizes of TZS 1 million each every month.
NBC SPONSORS THE AFRICAN INSURANCE ORGANIZATION CONFERENCE
25 May 2009: The National Bank of Commerce (NBC) has sponsored the 36th African Insurance Organization (AIO) Conference 2009 that will be officially opened by HE President Jakaya Kikwete on Monday May 25th 2009 at Ubungo Plaza. The sponsorship was made through the Association of Tanzania Insurers (ATI) to the tune of TZS 12 million.
NBC DONATES TZS 750,000 TO KUMBUKUMBU PRIMARY SCHOOL
20 May 2009: The National Bank of Commerce (NBC) has donated 15 desks worth TZS 750,000 to Kumbukumbu primary school in Dar es Salaam through its ongoing Corporate Social Responsibility (CSR) program has donated.
NBC LAUNCHES NEW CAMPAIGN FOR MALENGO SAVINGS ACCOUNT
11 May 2009: The National Bank of Commerce (NBC) has launched a 3 months competition for their Malengo savings account starting 8th May – 7th August 2009.
The NBC Malengo account is a savings account that enables the account holder to deposit their money anytime but can only withdraw it once in a year and they earn compound interest every time they deposit money into their Malengo account.
NBC EMPLOYEES CELEBRATE MAY DAY IN MUSOMA
01 May 2009: : The National Bank of Commerce (NBC) employees of the Lake Zone area today participated in May Day celebration commemorated officially in Musoma, Mara Region.
NBC STAFF DONATE SCIENCE LABORATORY EQUIPMENT
30 Apr 2009: The National Bank of Commerce (NBC) Corporate Banking staff made a donation of science laboratory equipment worth 2 million to Furaha Secondary School of Chanika in Dar es Salaam. The generous donation was made through the Colleague CSR initiative which is a brainchild of the ongoing NBC Corporate Social Responsibility (CSR) initiative.
NBC HANDS OUT 5 MILLION CHEQUE FOR MAY DAY CELEBRATIONS
29 Apr 2009: The National Bank of Commerce (NBC) today handed out a cheque of 5 million to the Mara Regional Commissioner in preparation for this year’s May Day celebrations that will be commemorated nationally in Musoma.
DR. ASSAD NEW NBC LTD. BOARD CHAIRMAN
01 Apr 2009: President Jakaya Kikwete has appointed Dr. Mussa Juma Assad as the new Board Chairman of the National Bank of Commerce (NBC) Limited. Dr. Assad is currently the Head of the Department of Accounting at the University of Dar es Salaam Business School, a post he has held since July 2002.
NBC DONATES SEWING MACHINES TO MENTALLY HANDICAPPED CHILDREN
24 Mar 2009: National Bank of Commerce (NBC) has made a donation of 6 sewing machines worth 1.2 million shillings to the Department of Special Education at Mbagala Primary School in Dar es Salaam as part its ongoing Corporate Social Responsibility (CSR) programme.
NBC HOLDS WELLNESS MINI LAUNCH IN ARUSHA
14 Mar 2009: The National Bank of Commerce (NBC) held its second mini launch of its Wellness Programme this year for its staff members from the Tanzanite Zone that took place in Arusha at the Lush Garden, Sakina kwa Idd. The first Wellness Day took place in Iringa on February 19th 2009 covering the Highland zone.
NBC PARTICIPATES IN AISEC’S 2009 CAREER FAIR
09 Mar 2009: The National Bank of Commerce (NBC) was among the participants in this year’s Career Fair organized by AISEC on 7th and 8th March held at the University of Dar es Salaam (UDSM) main campus. The two-day event brought together over 30 participants representing various companies, organizations, and institutions with over 1500 students from higher learning institutions attending.
NBC DONATES 2 MILLION TO THE TANZANIA COTTON BOARD
04 Mar 2009: The National Bank of Commerce (NBC) today handed out a cash donation of 2 million to the Tanzania Cotton Board (TCB) in recognition to the contribution of cotton to the Tanzanian economy.
NBC HOLDS WELLNESS DAY IN IRINGA
21 Feb 2009: National Bank of Commerce (NBC) has rolled out a new campaign for its employee’s and their families countrywide dubbed ‘The NBC Wellness Programme’ aimed at helping them take care of their health so that they can be more productive.
NBC DONATES 4 COMPUTERS TO KUMBUKUMBU PRIMARY SCHOOL
06 Feb 2009: Kumbukumbu Primary School in Kinondoni district of Dar es Salaam is yet another beneficiary of the ongoing National Bank of Commerce (NBC) Corporate Social Responsibility (CSR) programme. The school was handed over a refurbished classroom together with 4 computers by NBC’s Finance department staff.
NBC DONATES 21 DESKS AND CHAIRS TO MWANANYAMALA KISIWANI PRIMARY SCHOOL
28 Jan 2009: Mwananyamala Kisiwani Primary School in Dar es Salaam is the latest school to benefit from the National Bank of Commerce (NBC)’s ongoing Corporate Social Responsibility (CSR) programme. The donation of 21 tables and 21 chairs to the school was made by NBC’s Audit department staff in the city.
NBC DONATES 22 DESKS TO MBEZI LOUIS PRIMARY SCHOOL
21 Jan 2009: The National Bank of Commerce (NBC) through its Corporate social responsibility program donated 22 desks to Mbezi Louis Primary School. The donation was done by NBC staff at Mlimani City branch, Dar es Salaam.
NBC's continuing CSR Programme
09 Sep 2008: NBC donates building material to schools in Kagera Region; NBC continues commitment to educational assistance;
NBC gives Tanzania Police Force 6.9m worth of cement
04 Sep 2008: The National Bank of Commerce (NBC) today handed over 600 bags of cement worth Tsh 6.9 million to the Tanzania Police Force (TPF) in support of TPF initiative to construct dormitories for members of the police force. The handing over ceremony was held at Kurasini Barracks.
NBC donates computer to UDSM
19 Jun 2008: NBC donates 25 computers to UDSM; NBC to make various donations in the next 5 months; NBC to focus on education;
NBC pays 3.2 billion dividend to Government
05 May 2008: The National Bank of Commerce (NBC Ltd) today paid dividends of TZS 3.2 BILLION to the Government of Tanzania. Consolidating Holding Corporation (CHC) received the payment on behalf of the government. The Government of Tanzania has a 30% shareholding in NBC Ltd. The handing over ceremony was held at the Headquarters of Consolidating Holding Corporation, Dar es Salaam.
Mbagala Branch Official Opening
14 Aug 2007: The National Bank of Commerce has recently opened the first Express Pre - Fabricated Branch in Tanzania, in Mbagala ward Dar es Salaam. Mbagala ward is a highly populated area, which now enjoys having an NBC branch in the area. Located in Temeke district of Dar es salaam, Mbagala ward is rapidly growing as more and more residents and business people move into the area. NBC, true to its vision of bringing convenience to their customers, used the opportunity to open a fully fledged Express Pre - Fabricated Branch to cater for the financial requirements of the people in the area.