National Bank of Commerce

As of 10 Sep 2010
Spot	Buying	Seling
USD	1,430.08	1,550.08
EUR	1,855.76	2,003.06
GBP	2,246.78	2,420.67
AUD	1,329.39	1,429.13

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

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. While speaking during the handover ceremony held at the school, NBC Kariakoo Branch Manager Mr. Richard Kombole said NBC hopes the new system will help to ensure a safer environment for the children to learn in: “For 15 years this school has had difficulties with the drainage system and this has presented a serious health risk to the teachers and students. It is our hope that this new system will safely transfer waste water to the correct outlet and prevent the spread of harmful diseases such as cholera and dysentery which could disrupt a student’s education. We also hope that the books will encourage the students even more to want to come to school and learn.” Said Mr. Kombole Speaking on behalf of the school and community surrounding Lumumba Primary school, the school’s head teacher Mr. Faridy Saiwaad thanked NBC for helping to solve one of the school’s largest problems. “By renovating our drainage system, NBC has shown the highest level of concern for our pupils. This drainage system has presented a high health risk as it often overflows which means our children are exposed to this dirty water. Various diseases have broken out because of this exposure and they have resulted in interruptions to the student’s learning. We are grateful to NBC because we now believe that this problem will become a thing of the past and our students will learn in an environment more conducive to their good health.” Said Mr. SaiwaadUnder the NBC Colleagues Initiative each bank branch and directorate is allocated TZS 2,500,000 to donate to any educational project that impacts the lives of many. This corporate social responsibility program aims at improving the quality of education in schools countrywide. NBC has spent over 180 million shillings towards education initiatives to help schools in the communities that the bank serves.

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 TSZ 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.