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|National Microfinance Bank|
In 1997, the National Microfinance Bank Limited Incorporation Act established the NMB.
In 2005, The Government of the United Republic of Tanzania started the privatization process and sold part of its shareholding (49%) to a consortium led by the Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ('Rabobank Group'). In 2008, the Government reduced its share to 30% through the sale of shares to the general public in an IPO (16%) and to the NMB staff (5%). NMB became listed on the Dar es Salaam Stock Exchange on 6th November, 2008.
NMB is the largest bank in Tanzania, both when ranked by customer base and branch network. With over 138 branches we are located in more than 80% of Tanzania's districts. This broad branch network distinguishes NMB from other financial institutions in Tanzania. We are committed to sustaining and enhancing our branch network in order to provide access to capital to citizens in all areas of Tanzania, including the most remote.