{"id":17175,"date":"2020-10-22T19:47:06","date_gmt":"2020-10-22T19:47:06","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=17175"},"modified":"2020-10-22T19:47:06","modified_gmt":"2020-10-22T19:47:06","slug":"nmb-now-scoops-safest-bank-award","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award","title":{"rendered":"NMB NOW SCOOPS SAFEST BANK AWARD"},"content":{"rendered":"<div id=\"detailz\" class=\"entry-content\">\n<p><strong>AfricaPress-Tanzania:<\/strong> NMB Bank Plc has been awarded the Safest Bank in Tanzania Award for 2020 by Global Finance Magazine, which is an evidence of the bank\u2019s operational strength in a challenging and changeable market environment.<\/p>\n<p>NMB Bank Chief Executive Officer, Ruth Zaipuna said: \u201cWe are honoured to be recognised as Tanzania\u2019s safest bank. We continue working tirelessly to make the bank deliver as expected. Global Finance is a leading global financial markets magazine based in New York, USA.\u00a0\u201cAs uncertainty surrounds businesses, the post-Covid-19 pandemic still lingers on. This award is a testament of our stability, resilience and digital transformation capabilities in supporting employees, customers and the wider community to achieve financial success,\u201d she said.<\/p>\n<p>Offering the award recently it stated that it was part of the annual rankings of the World\u2019s Safest Banks by country selected after an evaluation of long-term foreign currency ratings by Moody\u2019s, Standard &amp; Poor\u2019s and Fitch investor services.<\/p>\n<p>In addition to the total assets of 500 largest banks worldwide, it singled NMB Bank to have received the significant ranking over its peers in Tanzania.<\/p>\n<p>The accolade comes a few months after NMB Bank was named the best bank in Tanzania for the 8th consecutive year by Euromoney, a leading global financial markets magazine based in London.<\/p>\n<p>She further said the award underscored the importance of the bank in providing a secure banking experience for its customers and elevating its position in the global financial community in defining the future of banking.<\/p>\n<p>Last year, the bank\u2019s financial performance was reported as 142bn\/- profit after tax, a 46 per cent increase from 98bn\/- recorded in the previous year, retaining its position as the most profitable bank for over a decade.<\/p>\n<p>NMB Bank has total assets of over 7tri\/- with a shareholder base that includes Rabobank holding a 34.9 per cent stake and the government with a 31.8 per cent shareholding.<\/p>\n<p>For his part, Publisher and Editorial Director of Global Finance Joseph Giarraputo said: \u201cFor most of 2020, the worldwide pandemic has upended commerce and made forecasting even more difficult, yet business must continue. NMB is an example of a bank ready for the sharp rise in demand for digital banking services during the pandemic and has been mostly stable.<\/p>\n<p>The rankings will be used by companies, investors and individuals to gauge the relative safety of banks with which they choose to do business.<\/p>\n<p>Highlighting the bank\u2019s business premises taking care of over 3 million clients, it was noted that it had 227 branches, over 7,000 agents and more than 800 ATMs across the country and was present in all districts of Tanzania<\/p>\n<\/div>\n<div class=\"news\">\n<div class=\"item\">\n<div class=\"item-image-3\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Tanzania: NMB Bank Plc has been awarded the Safest Bank in Tanzania Award for 2020 by Global Finance Magazine, which is an evidence of the bank\u2019s operational strength in a challenging and changeable market environment. NMB Bank Chief Executive Officer, Ruth Zaipuna said: \u201cWe are honoured to be recognised as Tanzania\u2019s safest bank. We continue [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":17151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[6315,438,1451],"class_list":["post-17175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-global-finance-magazine","tag-nmb-bank","tag-ruth-zaipuna"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NMB NOW SCOOPS SAFEST BANK AWARD - Tanzania<\/title>\n<meta name=\"description\" content=\"NMB Bank Plc has been awarded the Safest Bank in Tanzania Award for 2020 by Global Finance Magazine, which is an evidence of the bank\u2019s\" \/>\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\/economy\/nmb-now-scoops-safest-bank-award\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NMB NOW SCOOPS SAFEST BANK AWARD\" \/>\n<meta property=\"og:description\" content=\"NMB Bank Plc has been awarded the Safest Bank in Tanzania Award for 2020 by Global Finance Magazine, which is an evidence of the bank\u2019s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award\" \/>\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=\"2020-10-22T19:47:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/10\/02983d3af072accfd93b32a2ce90df0b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"503\" \/>\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\/economy\/nmb-now-scoops-safest-bank-award#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NMB NOW SCOOPS SAFEST BANK AWARD\",\"datePublished\":\"2020-10-22T19:47:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award\"},\"wordCount\":442,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/10\/02983d3af072accfd93b32a2ce90df0b.jpg\",\"keywords\":[\"Global Finance Magazine\",\"NMB bank\",\"Ruth Zaipuna\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/nmb-now-scoops-safest-bank-award\",\"name\":\"NMB NOW SCOOPS SAFEST BANK AWARD - 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