AfricaPress-Tanzania: NMB Bank has consolidated its market outreach leadership by opening its 227th branch, which was officially launched on Wednesday at Sokoine University of Agriculture (SUA) in Morogoro Municipality.
The development, which augments the lender’s position as the leading local financial solutions provider, is also a worthy financial inclusion investment that further betters its competitiveness.
Apart from broadening its branch network nationally, the NMB SUA branch brings to 14 the bank’s brick and mortal outlets in Morogoro Region and increases their number to 22 in the eastern zone.
NMB Bank’s Chief of Retail Banking Filbert Mponzi said their latest branch brings relief to the SUA community and people living in the vicinity of the varsity in terms of easily accessing services of the bank.
“Before the opening of NMB SUA, our customers, notably the university workers and students, had to travel more than six kilometres to the Wami branch Morogoro town centre for banking services. With the new branch, we have also brought closer banking services to residents of Magadu, Mzinga, Kididimo, Misufini, Vibandani, Kasanga, Lugala and Mafiga,” Mr Mponzi noted.
Gracing the event, SUA Vice Chancellor Prof Raphael Chibunda called on all Morogoro residents to use the infrastructure for personal progress and national advancement.
“The SUA administration values the support of NMB Bank not only for the wellbeing of SUA but also its contribution to development of our country. We have 1,402 workers and 13,862 students who will directly benefit from this branch,” Prof Chibunda said.
NMB also used the event to donate hospital equipment for SUA Hospital and desks for the varsity’s secondary school and money for a tree project all worth 16.2m/-.
The Eastern Zone Manager Dismas Prosper told this paper that the donated washing machine is worth 6.9m/-, wheelchairs 1.8m/-, the 55 desks 5m/- and the tree project got 2.5m/-.
