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

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. While speaking during the handover ceremony NBC Victoria Branch Manager Esther Nkambwe said it is important that students be provided with the adequate resources for learning: “It is key that students are provided with the proper resources for their education. We are all aware that there are severe shortages of resources in our schools which often results in our children performing below standard, now it is time that we work together as parents, teachers and neighbors to make an effort to provide some of these resources that are needed so that our children can learn under better conditions. We cannot solve all the problems but if we make a joint effort, we can make a significant impact for the better. We at NBC have opened the doors and it is our sincere hope that others will follow our lead and contribute towards bettering education in our country.” Said Ms. Nkambwe Speaking on behalf of the school, Destiny Secondary school’s head teacher Mrs. Machri’s thanked NBC for the donation, “Thank you NBC for taking note of our problems and coming to assist us. We are grateful for these books which will ensure that our students can study with a bit more comfort as they will not have to scramble to get a book. It is our hope that others have seen your gesture and are also finding ways to help us and other schools in one way or another.” Said Mrs. Machiri Under 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 186 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.