In 1991, the banking industry was amended and six years later, in 1997, the institution then known as the National Bank of Commerce, was split into three separate entities.
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Matawi Or Tawi La NBC Bank Tanzania
branch or ATM near you
- NBC Holding Corporation
- National Microfinance Bank (NMB)
- NBC (1997) Limited
In 2000, South African financial services group Absa Group Limited acquired a majority stake in NBC.
The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group, took up 15% of the shareholding in the bank. The new entity became known as NBC Limited.