NATIONAL MICROFINANCE BANK PLC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
National Microfinance Bank PLC (NMB) is Tanzania’s leading banking institution, both in customer based and branch network. With over 160 branches, NMB is represented in more than 95% of Tanzania's districts. NMB serves individuals, micro- and small enterprises as well as larger businesses. NMB has a strong financial record, based on years of strong and stable performance. NMB is listed on the Dar Es Salaam stock exchange. NMB's largest shareholder is its strategic partner Rabobank (34.9%), which has been invested in NMB since 2005.
What is our funding objective?
The funds will be used for on-lending to small-and-medium enterprises (SMEs) and corporate borrowers and will contribute to job creation in Tanzania.
Why do we fund this investment?
By supporting NMB Tanzania, we will contribute to providing credit to SMEs and corporates in Tanzania, supporting economic development. NMB is a leading financial institution in Tanzania, which performs well and has a presence in most of its regions.
More investments
| Date | Total FMO financing |
|---|---|
| 12/5/2023 | USD 30.00 MLN |
| 12/15/2022 | USD 75.00 MLN |
| 5/4/2021 | USD 15.00 MLN |
| 9/12/2022 | USD 12.50 MLN |
| 8/29/2019 | USD 32.50 MLN |
- Region
- Africa
- Country
- Tanzania, United Republic of
- Sector
- Financial Institutions
- Effective date
- 9/16/2015
- End date
- 9/12/2022
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B