As of 08 Feb 2012
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Spot |
Buying |
Selling |
| USD |
1,532.50 |
1,617.50 |
| EUR |
2,004.41 |
2,154.32 |
| GBP |
2,416.65 |
2,584.33 |
| AUD |
1,621.09 |
1,742.72 |
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NBC pays 3.2 billion dividend to Government
Dar es Salaam Monday 5, 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.
The handing over ceremony was presided by the NBC Managing Director, Christo de Vries and CHC Director General, Edwina Lupembe.
“We at NBC are very proud of our financial performance, particularly during the last year. With the number of plans put in place NBC is able to pay out dividend three times cover, consistent with the attributed income and best practice within commercial banks worldwide” said Christo de Vries NBC Managing Director.
On receiving the dividend, on behalf of the Government of Tanzania, Edwina Lupembe, Director General CHC said, “when the Government of Tanzania divested a majority stake in NBC Ltd, it was part of the reforms that were taking place in the financial sector aimed at encouraging a wider private ownership. The Government retained a 30% stake in the bank until a time when it will divest to Tanzanians to economically empower them. This payment means more than additional funds to the Government coffers: it will also shows that this kind of investment pays”.
NBC Ltd. was formed on 1 April 2000 when NBC (1997) Ltd was privatized and Absa Group purchased a 70% majority shareholding. In the last quarter of 2000, Absa Group sold 15% of its stake to the International Finance Corporation (IFC). To date, Absa Group is the majority shareholder with 55% shareholding. The Government of Tanzania retained a 30% stake of the bank.
NBC is one of the largest and oldest banks retail bank in Tanzania offering traditional banking services, and a wide variety of products for both retail and corporate customers. NBC has a branch network of 50 branches and over 120 Visa enabled ATMs throughout the country. NBC has employed over 1400 staff.
Issued by
National Bank of Commerce
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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.
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