• logo linkedin
  • logo email
Ouganda
By financing Tanzania’s leading bank, which operates nationwide, PROPARCO is supporting the private sector. Indeed, it will strengthen the financing capacity and banking services offered to companies.
Client presentation

NMB came about in 1997 as a result of the break-up of the National Bank of Commerce into two entities. It is today Tanzania’s leading bank with some 2.3 million clients. It offers all the services of a universal bank (retail, corporate, SME banking, etc.). It has a network of over 150 bank branches covering 95% of the territory. NMB was privatized in 2005 and its main shareholders include the Dutch cooperative banking group Rabobank and the Tanzanian State.

Project description

PROPARCO’s credit line will support the development of NMB’s activity with SMEs and companies with incomes in USD.

Project impact

This operation will increase the local financing capacity in a country where long-term foreign-currency resources are not well-developed. It will support the development of the local economic base in key sectors for the country’s development – particularly agriculture. It will also help improve access to financial services via its extensive network of branches.

16/09/2015
Date of signature of the project
Tanzania
Location
Financing tool
13 439 656 Euros
Amount of funding
Loan of USD 15m
Financing details
National Microfinance Bank PLC
Client
CES