National Bank of Commerce

As of 23 Feb 2012
Spot	Buying	Selling
USD	1,535.75	1,620.75
EUR	2,027.73	2,179.38
GBP	2,402.89	2,569.62
AUD	1,604.42	1,724.79

NBC launches Mastercard offering

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.

The Head of Marketing, Communications and Corporate Affairs, Ms Mwinda Kiula-Mfugale said in a statement that: "NBC customers will now have something to smile about as they will not be required to carry a bundle of bank cards or bulk of cash when traveling abroad.

''With MasterCard, you are assured of withdrawals, POS purchases and easy payment of goods and services around the world.

''NBC has conducted a thorough research to ensure that we come up with a very convenient product that would enable our clients to easily access financial services at both local and international levels.''

Ms Mfugale also added that clients who still hold previous NBC cards will now be supplied with the New MasterCard versions in a relatively short period and new bank customers will have to follow the normal procedures to get the new MasterCard.

''Having a card is just one thing but the most important item to consider is provision of quality services. We at NBC feel proud when our customers are satisfied with what we offer,'' Ms Mfugale added.

NBC recently launched two products under Islamic Banking, namely the Corporate and Business Accounts.

NBC was established in April 2000 after its privatization and divesting its 55 per cent shares to the South African based ABSA Group.

The government still owns 30 per cent of shares. Other shareholders include international financial institutions. The bank has 53 branches and 250 ATMs countrywide.

NBC SPONSORS TZS 21.4 MILLION IN SUPPORT OF WOMEN GOLFING ACTIVITIES

22 Feb 2012: The National Bank of Commerce (NBC) today handed over a cheque worth TZS 21.4m/- to the Tanzania Ladies Golf Union (TLGU) in support of the lady captain golf tournament taking place on Sunday 26th February 2012. The annual tournament aims to identify the most qualified lady golfer who will steer the team to the victory, as the team captain for the rest of the year.

NOTICE TO OUR CUSTOMERS - UPDATING OF CUSTOMERS PARTICULARS

21 Feb 2012: Following the enactment, by the Government, of the Anti-Money Laundering Act, 2006 and regulations made thereunder, and issuance of a public notice by the Bank of Tanzania in September 2011, it is a statutory obligation for the banks to obtain and maintain records and detailed particulars of their customers.

NBC ACQUIRES 10.87% STAKE IN TANZANIA MORTGAGE REFINANCE CO. LTD

14 Feb 2012: The National Bank of Commerce (NBC) has today handed over a cheque worth TZS 1 billion to the Tanzania Mortgage Refinance Co. Ltd (TMRC) being acquisition of a 10.87% stake in TMRC. TMRC is a financial institution owned by the banks with the sole purpose of supporting banks to do mortgage lending by refinancing banks� mortgage portfolios.

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.