NMB BANK PLC WINS EUROMONEY AWARD FOR EXCELLENCE 2020 - TANZANIA’S BEST BANK

NMB Bank Board Chairman, Dr. Edwin P. Mhede (centre), receiving the Best Bank Award from the NMB Bank Acting Managing Director, Ruth Zaipuna (left). Looking on is the NMB Bank Chief of Retail Banking, Filbert Mponzi (right).

NMB Bank Board Chairman, Dr. Edwin P. Mhede (centre), NMB Bank Acting Managing Director, Ruth Zaipuna (left) and NMB Bank Chief of Retail Banking, Filbert Mponzi (right), rejoice with the award given to them by Euromoney for being the Best Bank in Tanzania.

NMB Bank Plc has for the 8th consecutive year scooped the Best Bank in Tanzania 2020 award by Euromoney Magazine outshining about 40 other banks in the country. This is a top award issued by the leading global financial markets magazine based in London.

The award is given after measuring a number of metrics including, financial performance, digital banking strategy, financial inclusion, product offerings and the approach to cybersecurity and corporate social responsibility.

Other metrics considered include market capitalization; return on equity; return on assets; market share of deposits; market share of loans; loans-to-deposits ratio; non-performing loans ratio; and non-performing loan coverage ratio.

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 bank for financial inclusion in the country.

NMB’s Acting Managing Director, Ruth Zaipuna said, “We are today a bank that is known for, Resilience, focus on Technology and Innovation.”

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