- Innovation and technology contributed to the award
NMB Bank being one of the key players in financial inclusion in the country, has consistently strived to provide innovative financial solutions to Tanzania’s banked and unbanked. Supporting the nation’s financial inclusion agenda, NMB Bank has pioneered revolutionary products and services, maximizing on technology to enhance customer experience through the bank’s branches, NMB Wakala network and digital platforms such as NMB Mastercard, NMB Mobile, NMB KLiK and Internet Banking.
This award reflects the progress NMB Bank has made in delivering a banking experience that captures what customers need today and tomorrow, making it the best for financial inclusion.
NMB’s Interim Managing Director Jonkergouw said in a statement: “We are today the bank that works, rather than one which exists. Tough decisions around capital, businesses and people have been made. Throughout that process, we have continued to deliver strong financials and pay industry-leading dividends to shareholders.”
He added: “We are leveraging on the best of technology in digital banking, innovative products and our extensive branch network and Wakalas add real value to our customers’ lives.
Winning the Best Bank in Tanzania award is a clear indication that our efforts are recognized not only in Tanzania but across the region. We acknowledge the dedication of our staff, and thank our valued customers for being part of this digital journey.”
The Euromoney Award confirms the bank’s investment in digital transformation and technology has further strengthened its ability to deliver innovative solutions to the market.
Describing the selection criteria and reliability of the results, Euromoney’s editor explained: “We have received almost 1000 submissions from banks in our awards programme which covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries. This year our most successful banks have clearly defined what their core strengths are, and built their businesses around them."
This year’s Euromoney Awards for Excellence 2019, doubles Euromoney’s 50th anniversary as the most prestigious awards in the global banking industry, welcoming over 500 senior bankers around the world at the Tower of London recently where banks based in developing markets made a greater impact in the awards than ever before highlighted with NMB Bank being named the Best Bank in Tanzania.
For more information, contact:
Rahma Mwapachu,
NMB Bank Plc Ag. Head of Corporate Communications
Email: Rahma.Mwapachu@nmbtz.com
About NMB:
NMB Bank Plc. (“NMB”) is a full service commercial bank incorporated in the United Republic of Tanzania. Through its 4 main business divisions: Retail, Wholesale, Agribusiness and Treasury, NMB provides a suite of financial services and products to retail customers, farmers, SMEs, Corporates, Institutions and the Government.
The bank has 229 branches, over 6000 agents ‘Wakala’ and more than 800 ATMs across the country and is represented in all districts of Tanzania. NMB has over 3 million customers and employs over 3,000 staff. It is listed at the Dar Es Salaam Stock Exchange and its largest shareholders are the strategic partners Rabobank with a 34.9% share and the Government of Tanzania with a 31.9% share.
Euromoney awards for excellence selected NMB as the “Best Bank in Tanzania” for 7 years in a row from 2013-2018. Rewarded an award for Best Blended Finance partner in Africa for banks working with International Finance Corporation (IFC) of the World Bank Group and Best Retail and Best Commercial Bank in Tanzania by the Banker East Africa Magazine. For more information about NMB and its services, please visit our website: www.nmbbank.co.tz
About Euromoney:
For almost 50 years, Euromoney has been the leading publication for covering the growth of international finance. Over the last 12 months, its coverage has included interviews with close to 100 bank CEOs, ministers of finance and central bank governors around the world.
Euromoney's Awards for Excellence are the awards that matter to the banks and bankers who matter. They were established in 1992 and were the first of their kind in the global banking industry. This year, Euromoney received almost 1,500 submissions from banks in an awards programme that covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries.
Email: Rahma.Mwapachu@nmbtz.com
About NMB:
NMB Bank Plc. (“NMB”) is a full service commercial bank incorporated in the United Republic of Tanzania. Through its 4 main business divisions: Retail, Wholesale, Agribusiness and Treasury, NMB provides a suite of financial services and products to retail customers, farmers, SMEs, Corporates, Institutions and the Government.
The bank has 229 branches, over 6000 agents ‘Wakala’ and more than 800 ATMs across the country and is represented in all districts of Tanzania. NMB has over 3 million customers and employs over 3,000 staff. It is listed at the Dar Es Salaam Stock Exchange and its largest shareholders are the strategic partners Rabobank with a 34.9% share and the Government of Tanzania with a 31.9% share.
Euromoney awards for excellence selected NMB as the “Best Bank in Tanzania” for 7 years in a row from 2013-2018. Rewarded an award for Best Blended Finance partner in Africa for banks working with International Finance Corporation (IFC) of the World Bank Group and Best Retail and Best Commercial Bank in Tanzania by the Banker East Africa Magazine. For more information about NMB and its services, please visit our website: www.nmbbank.co.tz
About Euromoney:
For almost 50 years, Euromoney has been the leading publication for covering the growth of international finance. Over the last 12 months, its coverage has included interviews with close to 100 bank CEOs, ministers of finance and central bank governors around the world.
Euromoney's Awards for Excellence are the awards that matter to the banks and bankers who matter. They were established in 1992 and were the first of their kind in the global banking industry. This year, Euromoney received almost 1,500 submissions from banks in an awards programme that covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries.
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