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Private company

National Bank of Commerce

Logo: Development Planning Unit University College London, CC BY 2.0, via Wikimedia Commons4

Tanzanian Bank

National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and the national banking regulator. In August 2019, the bank was fined TSh 1 billion (US$435,000) because of the failure to establish a data center in the East African nation.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1997Founded1
  • Industryfinancial services1
  • HeadquartersDar es Salaam1
  • Websitewww.nbc.co.tz
  • Legal formLIMITED3
  • LEI213800VIYJF4U5FLXU593
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressDar Es Salaam, 11104 Kisutu, Tanzania3
  • Registered withBusiness Registrations and Licensing Agency (BRELA), 327003

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National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and the national banking regulator. In August 2019, the bank was fined TSh 1 billion (US$435,000) because of the failure to establish a data center in the East African nation.2

Corporate structure

National Bank of Commerce is part of a group headed by Absa Bank. 20 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Absa Bank Johannesburg, South Africa
    • Absa Bank Kenya Nairobi, Kenya
      • Absa Asset Management Limited Subsidiary · Nairobi, Kenya
    • Absa Bank Uganda Limited Kampala, Uganda
    • National Bank of Commerce Dar es Salaam, Tanzania
    • Absa Bank (Mauritius) Limited Subsidiary · Quatre Bornes, Mauritius
    • Absa Bank (Seychelles) Limited Subsidiary · Victoria, Seychelles
    • Absa Bank Ghana Limited Subsidiary · Accra, Ghana
    • Absa Bank Mocambique, SA Subsidiary · Maputo, Mozambique
    • Absa Bank Tanzania Limited Subsidiary · Dar es Salaam, Tanzania
    • Absa Bank Zambia PLC Subsidiary · Lusaka, Zambia
    • Absa Capital Markets Nigeria Limited Subsidiary · Lagos, Nigeria
    • ABSA INVESTMENT MANAGEMENT SERVICES Subsidiary · Johannesburg, South Africa
    • Absa Securities Botswana Proprietary Limited Subsidiary · Gaborone, Botswana
    • ABSA SECURITIES LIMITED Subsidiary · Nairobi, Kenya
    • Absa Securities Nigeria Limited Subsidiary · Lagos, Nigeria
    • ABSA SECURITIES U.S. INC. Subsidiary · New York, New York, United States
    • Absa Securities United Kingdom Limited Subsidiary · London, United Kingdom
    • Alicerose Nominee Subsidiary · Johannesburg, South Africa
    • Goudstad Nominees Subsidiary · Johannesburg, South Africa

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

The story

The bank traces its origins to 1967 when the Tanzanian Government nationalized financial institutions, including banks. In 1991, the banking industry was deregulated. Six years later, in 1997, the institution then known as "NBC" was split into three separate entities: (a) NBC Holding Corporation (b) National Microfinance Bank (NMB) and (c) NBC (1997) Limited. In 2000, the South African banking group, Absa Group Limited, acquired a majority stake in NBC (1997) Limited. The Government of Tanzania retained a 30% shareholding and the International Finance Corporation (IFC), a member of the World Bank Group took up 15% shareholding in the bank. The new entity became known as National Bank of Commerce (Tanzania) Limited.

Merger

As of March 2016, Barclays Bank Plc. was seeking regulatory approval in Tanzania to merge this bank with Barclays Bank Tanzania in which Barclays maintains a controlling interest.

From Wikipedia’s article on National Bank of Commerce (Tanzania), shared under CC BY-SA 4.0.5

Products and brands

  • loan

Listed on Wikidata.1

Location

The headquarters of the bank and its main branch are located along Sokoine Drive, in Dar es Salaam, Tanzania's financial capital and largest city. The geographical coordinates of the bank's headquarters are: 06°49'04.0"S, 39°17'24.0"E (Latitude:-6.817778; Longitude:39.290000)

Branch Network

As of August 2018, NBC Bank Tanzania maintains a branch network of 49 branches and numerous ATM's in most major cities and towns of the country.

From Wikipedia’s article on National Bank of Commerce (Tanzania), shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Sep 23, 1997Parent Directly consolidated by Absa Bank3
  2. 1997Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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