Tanzania: NMB Wins Euromoney Award Again

The National Microfinance Bank (NMB) has once again won Euromoney award as the Best Bank in Tanzania given by the global financial markets magazine - Euromoney.

The Euromoney awards, now in their 25th year, provide a benchmark for levels of service and financial performance across the banking industry. "It is a great honour to be recognised by Euromoney for the work we have done.

What we do is simple: we support our customers, connecting them to opportunities using our network, strong balance sheet and integrated product capability," the NMB Managing Director, Ms Ineke Bussemaker, said in a statement.

"Investing in technology such as mobile banking, integration with mobile network e-money offerings, the largest branch network and ATM network in the country has played a key role in the bank's expansion making it the leader in promoting financial inclusion in Tanzania.

" These annual awards cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world.

It recognises financial institutions worldwide that have recorded significant accomplishments within their operating environments, display innovation and record excellent financial performance year on year.

This award adds to more than three awards that NMB had bagged in the last 12months including the Best SME Bank in Tanzania by The Banker magazine, Best Presented Financial Statement by NBAA and Euromoney award which has now been won four times in a row.

Source: Tanzania Daily News