Bank opens branch as losses fall

The National Microfinance Bank (NMB) has opened a new branch in Usa River, near Arusha, as it seeks to bring its financial services closer to the people.

The National Microfinance Bank (NMB) now has 20 branches in Dar es Salaam alone, thanks to Wednesday’s opening of its Mandela Road outlet.

National Microfinance Bank (NMB) last week launched its branch at Himo in Rural Moshi District in an expansion bid.

Institute of Accountancy Arusha Opens Branch in Mwanza
AllAfrica.com
The Principal of the Institute, Professor Johanes Monyo said the opening of the wing in Mwanza Region is the implementation of IAA's strategic plan to establish two wings by 2017. He said that so far they have surpassed their target since they have already ...

The Diamond Trust Bank Tanzania Limited (DTBT) yesterday opened its newest branch in the country in a move meant to see the financial institution getting closer to its growing number of clients in the town and Shinyanga Region as a whole.

The Diamond Trust Bank (DTB) yesterday opened a new branch in Mtwara.

Bank of Ireland’s losses shrank sharply last year on improved revenue and lower costs, the bailed-out lender announced earlier this week.

 

-This represents a major vote of confidence in AfrAsia business model

 AfrAsia Bank Limited (http://www.afrasiabank.com/en)  today announced the addition of an important world-class strategic partner, National Bank of Canada, to its shareholding structure.   This represents a major vote of confidence in its business model, financial standing and unique positioning in regional and international markets. National Bank of Canada will immediately acquire a 9.5% stake in AfrAsia Bank, with the...

 Ajmair Riaz, Country Head of Retail Banking, Standard Chartered Bank Tanzania.***************************Monday 18 th May 2020 – Standard Chartered Bank Tanzania has become the first Bank in Tanzania to announce relief measures for its Individual and Business Clients whose income and cash flows have been affected by the COVID-19 pandemic.
In a statement issued by the Bank, Mr. Ajmair Riaz, the Bank’s Country Head of Retail Banking, said that his team has been working very...