National Microfinance Bank
NMB Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
, the bank was a large financial services institution, providing commercial banking services to individuals, small to medium-sized corporate clients, as well as large businesses. Then, it was the third-largest commercial bank in Tanzania, by assets, behind FBME Bank and CRDB Bank.
, the bank's total asset valuation was about US$2.212 billion.
History
Following the break-up of the old National Bank of Commerce in 1997, by act of Parliament, three new entities were created: NBC Holdings Limited National Bank of Tanzania and National Microfinance Bank. Initially NMB could only offer savings accounts, with limited lending capabilities.In 2005, NMB Bank was privatized and the Government of Tanzania, the sole owner of NMB until then, divested 49% shareholding to Rabobank of the Netherlands. Over the years since that time, further divestiture by the Tanzanian Government and subsequent listing of the bank's stock has led to a diversified ownership structure, as outlined under "Ownership".
Ownership
The stock of the bank is listed on the Dar es Salaam Stock Exchange, under the symbol: NMB. NMB stock is owned by institutions and private individuals as detailed in the table below:| Rank | Name of Owner | Percentage Ownership |
| 1 | Rabobank of the Netherlands | 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 |