NMB Bank, a commercial bank in Tanzania, operates under the license of the Bank of Tanzania, the country’s central bank and national banking regulator.
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As of September 2013, NMB Bank was a prominent financial institution offering a wide range of commercial banking services to individuals, small to medium-sized corporate clients, and large businesses. At that time, it ranked as the third-largest commercial bank in Tanzania in terms of assets, following FBME Bank and CRDB Bank.
By June 2016, NMB Bank’s total assets were valued at approximately TSh 4.72 trillion (US$2.212 billion), reflecting its significant presence in the Tanzanian banking sector.
Jinsi Ya Kuangalia Salio NMB mobile – How To Check the balance NMB mobile
- Dial *150*66# on your mobile phone.
- Enter your NMB mobile banking PIN when prompted.
- Select the “Salio” or “Check Balance” option.
- Your account balance will be displayed on your phone’s screen.
Alternatively, you can check your balance by accessing the NMB mobile banking app, by following the method below:
To check your balance on NMB mobile, you can follow these steps:
- Open the NMB mobile banking application on your smartphone.
- Log in to your account using your registered username and password. If you haven’t registered for NMB mobile banking, you will need to sign up first.
- Once logged in, you will be directed to the main menu of the app.
- Look for the “Balance Inquiry” or “Account Balance” option. The exact name may vary depending on the app version or updates.
- Select the option, and the app will display your account balance on the screen.
Ownership
The shares of NMB Bank are publicly traded on the Dar es Salaam Stock Exchange, using the stock symbol NMB. Ownership of the company’s stock is distributed among various institutions and private individuals, as outlined in the table below
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Arise BV of the Netherlands & Norway[8] | 34.9 |
| 2 | Government of Tanzania | 31.8 |
| 3 | Private Investors via DSE | 25.0 |
| 4 | National Investment Company Limited | 6.6 |
| 5 | TCCIA Investment Company Limited | 1.7 |
| 6 | TOTAL | 100.0 |
History
The history of NMB Bank traces back to the reorganization of the old National Bank of Commerce in 1997. Through an act of Parliament, three new entities emerged: NBC Holdings Limited, National Bank of Tanzania (1997), and National Microfinance Bank. At its inception, NMB Bank primarily focused on savings accounts and had limited lending capabilities.
In 2005, NMB Bank underwent privatization. The Government of Tanzania, which was the sole owner until then, divested 49% of the bank’s shareholding to Rabobank, a financial institution from the Netherlands. This partnership marked a significant milestone for NMB Bank.
Subsequently, the Tanzanian Government continued its divestiture process, reducing its ownership stake. Additionally, the bank’s stock was listed on the stock exchange, resulting in a more diversified ownership structure. Further details regarding the current ownership structure can be found under the “Ownership” section.
