
9 New Job Vacancies at NBC Bank Tanzania - April 2025
- Banking Jobs
- Dar es salaam
- 22/04/2025
- TSh650,000 - TSh750,000 /monthly
- Full Time
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ABOUT US
Often referred to as NBC Tanzania, the National Bank of Commerce (Tanzania) Limited is among the oldest and most reputable commercial banks in Tanzania. NBC has been a major player in Tanzania's banking industry for decades, its headquarters sitting along Sokoine Drive in Dar es Salaam, the financial capital of the nation. Operating under the permission and control of the Bank of Tanzania, the country's central bank and main banking regulator, the bank
Going back to 1967, NBC's origins are in a notable year when the Tanzanian government seized several financial institutions in a bid to seize control of the economy just after the country became independent. This calculated choice set the groundwork for NBC's founding. Deregulation in 1991 brought about significant changes in the banking sector, paving the way for fundamental upheaval inside the business. As part of those changes in 1997, the original NBC corporation was split into three separate companies: NBC Holding Corporation, National Microfinance Bank (NMB), and NBC (1997) Limited.
When Absa Group Limited, a large South African financial services business, bought a majority share in NBC (1997) Limited, a significant change took place in 2000. The Government of Tanzania kept a 30 percent ownership in the bank; the International Finance Corporation (IFC), part of the World Bank Group, obtained a 15 percent stake. The revamped and revived National Bank of Commerce (Tanzania) Limited as it is called presently was born from this collaboration.
By 2015, NBC has established a strong financial basis with an asset base more than US$773 million, or almost TSh 1.69 trillion. Ranking fourth in capitalization behind NMB, CRDB Bank, and FBME Bank, this put it among the top-tier commercial banks in the nation. Offering thorough banking solutions customised to fit different financial demands, the bank has kept serving a broad spectrum of customers including people, small and medium-sized businesses, and major companies.
NBC has had legal issues despite its significant presence. The Bank of Tanzania penalized the bank TSh 1 billion in August 2019, or about US$435,000. NBC's inability to create a local data center inside the nation, a requirement for all commercial banks operating in Tanzania, led to this punishment. The event underlined the need of harmonizing with national financial rules and underlined a turning point in the bank's compliance path.
NBC's leadership still guides the bank with an eye toward expansion and regulatory harmonization. While Managing Director Theobald Sabi supervises the bank's day-to-day operations, Francis Mwakapalila chairs the Board. Theobald Sabi assumed the position after Edward Marks left. The bank intends to improve its position in the cutthroat banking industry under their direction while remaining faithful to its fundamental values of trust, service quality, and creativity.
NBC Tanzania's long-standing tradition and its capacity to change with the times make it a major pillar in the banking sector of the nation. NBC keeps playing a vital part in forming Tanzania's financial scene from its beginnings in nationalization to its development into a contemporary financial institution supported by foreign interests.
Here are the available positions at NBC. These opportunities offer the chance to work with a prestigious organization that values professional growth, work-life balance, and community impact.