NATIONAL BANK OF COMMERCE ANNOUNCES THE APPOINTMENT OF DR KASSIM HUSSEIN AS INTERIM BOARD CHAIRMAN

January 22^nd 2015: The National Bank of Commerce (NBC) wishes to announce the appointment of Dr Kassim Hussein as Interim Board Chairman. This follows the departure of Professor Mussa Assad who has been appointed as Controller and Auditor General (CAG) of the United Republic of Tanzania.

In a media statement today, NBC Interim Managing Director, Pius Tibazarwa, said that Dr Hussein will chair the NBC Board until a permanent appointment is made to succeed Professor Assad.

Dr Hussein is a senior lecturer in Banking and Finance at the Institute of Financial Managementand has served the NBC Board since 2010. He is a PhD holder in Banking and an MBA in Finance.

“We take this opportunity once again to congratulate Professor Assad on his appointment and wish him all the best in his future endeavours. We also thank him for the time he has led the NBC board with diligence and commitment. NBC is committed to the cause of supporting and strengthening financial accountability in Tanzania. We also wish Dr Kassim all the best in his new task,” Mr Tibazarwa said.

Professor Assad was appointed Controller and Auditor General (CAG) of the United Republic of Tanzania November 2014 after serving the NBC Board since 2006.

Editor’s Note:

NBC is one of the most represented retail bank in the country with over 46years’ experience in providing financial services. Apart from offering traditional banking services, NBC also prides itself with an expanded branch network of 52 branches and over 280 Visa enabled ATMs. The bank also services over 250 Points of Sales strategically located throughout the country. NBC has employed over 1,400 staff.