{"id":10169,"date":"2020-06-08T12:59:40","date_gmt":"2020-06-08T12:59:40","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=10169"},"modified":"2020-06-08T12:59:40","modified_gmt":"2020-06-08T12:59:40","slug":"nmb-declares-48bn-dividend-to-govt-shareholders","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders","title":{"rendered":"NMB DECLARES 48BN\/- DIVIDEND TO GOVT, SHAREHOLDERS"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> THE government and other NMB Plc shareholders\u00a0<\/strong>will pocket 48bn\/- dividend payment this year which is equivalent to 45 per cent increase compared to 33bn\/- paid in the previous year.<\/p>\n

Last year, the bank handed over 10.48bn\/- dividend to the government, which holds 31.8 per cent shares.<\/p>\n

The amount of dividend was endorsed by the NMB shareholders during the Annual General Meeting held in Dar es Salaam over the weekend that also approved earnings per share of 96\/- compared to 66\/- paid in the preceding year, thanks to the impressive 142bn\/- profit made in the year under review.<\/p>\n

\u201cThe bank has over the years maintained a healthy capital position and we intend to continue doing so.<\/p>\n

To achieve this, it is crucial that we make the right decisions especially in anticipation of any regulatory changes in capital requirements,\u201d Interim NMB Board Chairperson, Ms Margaret Ikongo said.<\/p>\n

Ms Ikongo added that with an increase in net profit of 46 per cent from 98bn\/- made in 2018, the Tier 1 bank was given a stable B1 credit rating by global rating agency, Moody\u2019s, which confirms the confidence the international credit rating agency has in the country\u2019s largest bank.<\/p>\n

She noted further that the approved dividend payout is in line with the board\u2019s position to strike a balance; maximising shareholders\u2019 returns while also reinvesting funds into the bank\u2019s business in order to finance its growth plans.<\/p>\n

Speaking at a news conference later, acting Managing Director, Ruth Zaipuna stated that the bank\u2019s strength and super profit making is a result of reducing operational costs and investing heavily in modern technologies.<\/p>\n

Ms Zaipuna who has successfully steered the banking conglomerate for the past two years, said last year NMB launched alternative digital channels namely; NMB Mkononi and NMB Direct while also enhancing its NMB Wakala network.<\/p>\n

\u201cAs a bank, we are committed to continue playing a leading role in driving Tanzania\u2019s growth agenda through credit extension in the personal or household sector, agriculture, manufacturing and construction,\u201d Ms Zaipuna noted.<\/p>\n

She explained that the impressive 2019 results are an indication of the management\u2019s turnaround strategy that sought to re-affirm three strategic pillars of deposits mobilization, revenue generation and diversification but also operational efficiency.<\/p>\n

\u201cWe are the leading bank in the country, our best in-class governance, information technology and support systems make our customers\u2019 deposits and savings safer with us,\u201d she added while stressing that NMB is dedicated towards supporting micro and SMEs growth especially those dealing in the agriculture sector by providing capacity building through advisory services on better ways to invest in agri-business.<\/p>\n

NMB Bank Plc is listed at Dar es Salaam Stock Exchange with Treasury and Netherlands based Rabobank as majority shareholders with 31 and 34 per cent respectively.<\/p>\n

The remaining shares are owned by minority shareholders and the public.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: THE government and other NMB Plc shareholders\u00a0will pocket 48bn\/- dividend payment this year which is equivalent to 45 per cent increase compared to 33bn\/- paid in the previous year. Last year, the bank handed over 10.48bn\/- dividend to the government, which holds 31.8 per cent shares. The amount of dividend was endorsed by the […]<\/p>\n","protected":false},"author":84,"featured_media":10167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8],"tags":[4326,483,1451],"class_list":["post-10169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","tag-margaret-ikongo","tag-nmb","tag-ruth-zaipuna"],"yoast_head":"\nNMB DECLARES 48BN\/- DIVIDEND TO GOVT, SHAREHOLDERS - Tanzania<\/title>\n<meta name=\"description\" content=\"THE government and other NMB Plc shareholders\u00a0will pocket 48bn\/- dividend payment this year which is equivalent to 45 per cent increase compared to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NMB DECLARES 48BN\/- DIVIDEND TO GOVT, SHAREHOLDERS\" \/>\n<meta property=\"og:description\" content=\"THE government and other NMB Plc shareholders\u00a0will pocket 48bn\/- dividend payment this year which is equivalent to 45 per cent increase compared to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-08T12:59:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/952497cd356b82cbdb66a50ae29bcdfe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NMB DECLARES 48BN\/- DIVIDEND TO GOVT, SHAREHOLDERS\",\"datePublished\":\"2020-06-08T12:59:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders\"},\"wordCount\":479,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/952497cd356b82cbdb66a50ae29bcdfe.jpg\",\"keywords\":[\"Margaret Ikongo\",\"NMB\",\"Ruth Zaipuna\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/community\/nmb-declares-48bn-dividend-to-govt-shareholders\",\"name\":\"NMB DECLARES 48BN\/- DIVIDEND TO GOVT, SHAREHOLDERS - 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