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NBC Ltd



Company Description:

NBC Ltd. was formed on 1st April 2000 when NBC (1997) Ltd. was privatised and sold to ABSA Group Ltd. of South Africa. NBC (1997) Ltd. was itself born out of the nationalization of banks and financial institutions in Tanzania in 1967.Tanzania later deregulated banking in 1991. In 1997, a decision was taken to split NBC into three entities, namely NBC Holding Corporation, National Micro-finance Bank (NMB) and NBC (1997) Limited. This was the first step towards the privatization of NBC.



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