National Bank of Commerce

As of 08 Feb 2012
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

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 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.