NBC Tanzania bank
has been nominated in the prestigious African Banker awards 2020 which
celebrates excellence in
banking and finance sector in the continent.
That was said
yesterday in Dar es Salaam by bank's Director of Business Banking, Elvis
Ndunguru, adding that with over 200 banks from across the continent
competing for the awards, his financial institution made it to the top
five lists of nominees in the category of SME Bank of the year, a big
milestone for the local bank this year.
NBC Tanzania is the
only contester from Tanzania in this year's awards competing with Bank
of Industry, Sterling Bank both from Nigeria, Bank of Misr (Egypt) and
Ecobank in the category. The category attests for the excellence in
supporting and transforming SMEs in the continent.
"We are truly
excited to be nominated in these reputable awards in Africa. We want to
extend our gratitude to our customers and stakeholders for their
continuous trust, cooperation, feedback and involvement towards
improving our SME business in our country," marked Mr Ndunguru.
He said the bank
has positioned itself as a One Shop for all the SME banking needs
leveraging on improved products and tailored solutions that suits local
business environment aiming at fostering growth and development of the
sector in Tanzania.
In ensuring that,
the bank has developed a business club dubbed 'NBC-Club' that networks
SMEs and offers access to business trips, free business consultation and
preferential freebies in some of the services, an initiative that
ensure seamless transition of the sector, according to Mr Ndunguru
Studies shows that
the SMEs sector contributes to 35 percent of the GDP and employs more
than 5.2 people in the country, however, the sector has been facing
challenges like limited access to finance and ineffective use of
financial services that is why NBC bank has been investing heavily to
improve the business environment by offering reliable and affordable
solutions.
"Other factors are
such as strong customer relationship management, quick loan decision
making, reliable digital footprint where customers are able to do their
transactions at their convenience through internet banking, mobile
banking and through Wakalas," he added. The African Banker Award 2020
ceremony will take place virtually on the 26th August during the African
Bank Annual Meetings under the High Patronage of the African
Development Bank.
The African Banker
Awards bring together industry leaders from Africa and the world to
celebrate the achievements of those who are driving growth and
development and creating new economic opportunities for citizens and
communities all over the continent and inspire new generations of
bankers who are shaping Africa's future.
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