National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, which is sometimes known as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Central Bank of Tanzania, the country’s central bank and national banking regulator. In August 2019, the bank was fined TSh 1 billion (US$435,000) for failing to establish a data center in the East African nation.
This bank starts in 1967 when the Government of Tanzania nationalized all financial institutions including banks. In 1991, the banking sector was reformed and six years later, in 1997, the institution that was known as the National Commercial Bank, was divided into three different institutions: NBC Holding Corporation, National Microfinance Bank (NMB) and NBC (1997) Limited, In 2000, South African financial services group Absa Group Limited acquired a majority stake in NBC. The Tanzanian government retained 30% ownership and the International Finance Corporation (IFC), a member of the World Bank Group, took a 15% stake. bank. The new entity was known as NBC Limited.
NBC Bank Jobs, November 2024:
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Business Operations Consultant at NBC Bank
Product Development Manager at NBC Bank
Sales Clerk Job Vacancy at NBC Bank
Storage and Linux Specialist Job Vacancy at NBC Bank
