National Bank of Commerce

As of 10 Mar 2010
Spot	Buying	Seling
USD	1,295.08	1,380.08
EUR	1,764.51	1,904.57
GBP	1,946.89	2,097.57
AUD	1,161.59	1,248.74

NBC LAUNCHES FAMILY FUNERAL SUPPORT COVER

Thursday, September 24, 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. It is the norm in Tanzania for the community to give contributions popularly known as Rambi Rambi to the bereaved family as a way of showing their condolences. The contributions are used to cover for the funeral expenses. NBC Head of Retail Banking Johan Vermaas while presiding over the launch of the product said “We are bank that is proud of our history and legacy as one of the oldest financial institutions in the country. We at NBC are once again offering still new products to our customers and Tanzanians at large amongst them being the family funeral support cover, that is the Rambi Rambi plus.” The funeral cover will assist individuals’ pre plan and save for their funeral expenses. The cover has a variety of premium options that are offered to suit the needs and financial ability for a range of customers. The claim process has been simplified to make it easy for the deceased family and their next of kin. The proceeds are made available to the deceased account holder’s next of kin within 7 working days from the date of receipt of claim documents by NBC ltd. In May 2008, NBC launched an embedded funeral cover known as Rambi Rambi for all NBC ordinary saving account holders, single or joint, who are aged between 18 and 74 years. The initial cover per account was TZS 250,000 and has now been increased to TZS 500,000.

NBC DONATES T-SHIRTS WORTH TSHS 7.5 M TO MARK INTERNATIONAL WOMEN'S DAY

22 Feb 2010: The National Bank of Commerce (NBC has donated t-shirts valued at TZS 7,500,000 to mark International Women's Day, under the NBC Colleagues Initiative which is the bank's ongoing CSR program.

NBC VICTORIA BRANCH DONATES SCHOOL BOOKS WORTH TSHS 2.5 M TO DESTINY SECONDARY SCHOOL

28 Jan 2010: The National Bank of Commerce (NBC) Victoria Branch has donated school books valued at TZS 2.500,000 to Destiny Secondary School, under the NBC Colleagues Initiative which is the bank's ongoing CSR program.

NBC MLIMANI CITY BRANCH DONATES SCHOOL DESKS WORTH TSHS 2,5 M TO MAKABE PRIMARY SCHOOL

26 Jan 2010: The National Bank of Commerce (NBC)'s Mlimani City Branch has donated school desks valued at TZS 2.500,000 under the NBC Colleagues Initiative which is the bank's ongoing CSR program.

NBC KARIAKOO BRANCH DONATES SCHOOL BOOKS AND RENNOVATES DRAINAGE SYSTEM FOR LUMUMBA PRIMARY SCHOOL

21 Jan 2010: The National Bank of Commerce (NBC) Kariakoo Branch has renovated the drainage system at Lumumba Primary School as well donated school books. The entire donation is valued at TZS 2.500,000 and falls under the NBC Colleagues Initiative which is the bank's ongoing CSR program.

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".