NBC Bank

📍 Operating Country: Tanzania

Company Overview

NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.

Our history

The Bank traces its origins to 1967 when the Tanzanian Government nationalised all financial institutions, including banks. In 1991, the banking industry was amended and six years later, in 1997, the institution then known as National Bank of Commerce, was split into three separate entities:

NBC Holding Corporation
National Microfinance Bank (NMB)
NBC (1997) Limited

In 2000, South African financial services group Absa Group Limited acquired a majority stake in NBC.

The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group, took up 15% shareholding in the bank. The new entity became known as NBC Limited.

Our benchmarks

NBC is the only international bank with a presence all over the country
With 51 branches and over 230 ATMs, NBC delivers a unique collection and banking capability to our customers
NBC currently employs around 1,200 staff across the country