National Bank of Commerce

What National Bank of Commerce does

National Bank of Commerce Limited (NBC) is a privately held Tanzanian commercial bank, regulated by the Bank of Tanzania under registration number 32700 and headquartered at NBC House, Sokoine Drive/Azikiwe Street, Dar es Salaam. It operates a full-service horizontal banking model spanning five customer segments — Personal/Retail, Affluent (Private & Privilege), Business & SME, Corporate, and La Riba (Shari'ah-compliant) — with a multi-channel distribution footprint of 50+ branches, 200+ ATMs (including 90+ cash-accepting machines), USSD mobile banking via *150*55#, an iOS/Android mobile app, online banking with two-factor authentication, and a POS acquiring network accepting VISA, Mastercard, and China UnionPay. Product depth spans current and savings accounts, personal loans, group loans, home finance (purchase, equity release, refinancing), treasury and markets products (spot FX, forwards, options, fixed income, risk management), trade finance (letters of credit, bonds/guarantees), cash management (File Gateway, Mobile Bulk Payments, cash collection services), insurance, and merchant acquiring.

The bank monetizes through a diversified revenue mix: net interest income from personal, SME, corporate, and Islamic lending products; monthly account maintenance and transaction fees (e.g., La Riba Current at TZS 13,000/month, Privilege at TZS 23,600/month, Affluent at TZS 59,000/month); merchant services commission on POS transactions at a standard ~2.5% take rate (negotiable for high-volume merchants); and Mudharabah/Murabaha profit-sharing in La Riba. Corporate and affluent customers are served via dedicated Relationship Managers operating from Corporate Service Centres at the Head Office, Samora, Industrial, Arusha, Mwanza, and Seacliff branches, and through the bank's host-to-host File Gateway integration for automated payments and statements. Strategic integrations into the Tanzanian mobile money ecosystem — Super Agency float distribution with Vodacom (M-Pesa) and Tigo, plus outbound wallet-to-wallet transfers to all four major mobile money operators (M-Pesa, TigoPesa, Airtel Money, EZYPESA) — make the bank a node in the country's payment infrastructure rather than a standalone deposit-taker.

Name

National Bank of Commerce

Legal name

National Bank of Commerce Limited

Website

https://nbc.co.tz

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

National Bank of Commerce is a privately held, full-service commercial bank in Tanzania serving retail, affluent, SME, corporate, and Islamic (La Riba) banking customers through 50+ branches, 200+ ATMs, USSD and app-based mobile banking, and merchant POS acquiring across the country.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Corporate Banking (FSABAGAC), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Merchant Cash Advance & Payment-linked Lending (CRAFALAK)

Keywords

• Retail banking services
• Commercial banking
• Islamic banking
• Corporate banking
• Digital banking

Headquarters

HQ city

Dar Es Salaam

HQ country

Tanzania

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: NBC earns interest income from lending products including personal loans, home finance, business loans, corporate finance, and overdraft facilities
2. Transaction and Account Fees: Monthly maintenance fees on various account types, transaction fees for fund transfers, bill payments, and other banking services
3. Merchant Services Commission: Commission charged on POS transactions (approximately 2.5% standard rate, negotiable for high-volume merchants)
4. Islamic Banking Products: Shari'ah-compliant products under La Riba banking including Murabaha financing, Qardh accounts, and Mudharabah investments generating profit-sharing returns

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels3 records

Core offering

National Bank of Commerce is a full-service commercial bank in Tanzania offering deposit accounts (current, savings, fixed deposit), lending products (personal, home, SME, corporate), payment services (POS acquiring, mobile banking, internet banking), treasury and trade finance, and a Shari'ah-compliant La Riba Islamic banking division. Distribution spans 50+ branches, 200+ ATMs, USSD mobile banking (*150*55#), online banking, mobile apps, and merchant POS terminals.

Product overview

National Bank of Commerce (NBC) Tanzania is a full-service commercial bank offering a comprehensive portfolio of banking products and services across personal, business, corporate, and Islamic banking segments. The bank operates a multi-channel distribution model including branches, ATMs, online banking, mobile banking (USSD *150*55#), and merchant services. Personal banking includes current and savings accounts, personal loans, home finance (purchase, equity release, refinancing), and insurance. Business and SME banking offers transactional accounts, term loans, overdraft facilities, trade finance, and the NBC Business Club membership. Corporate banking provides specialized lending (capital markets, real estate, project finance), treasury and markets services (spot FX, forwards, options), and cash management solutions. The La Riba Islamic banking division offers Shari'ah-compliant products including current accounts, savings, fixed deposits, and Murabaha-based financing. The bank also provides merchant acquiring services with POS terminals accepting VISA, Mastercard, and China UnionPay.

Differentiator

Problem solved

Functional benefit

Brands

• La Riba: NBC's Shari'ah-compliant Islamic banking division offering interest-free accounts, savings, investments, and financing products based on Islamic finance principles including Murabaha, Qardh, and Mudharabah.

Products and services

• Individual Current Account

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

AI capability1 record

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Vodacom Tanzania PLCcoreTechnology or IntegrationNBC partners with Vodacom Tanzania to provide M-Pesa Super Agency service, enabling NBC to facilitate purchase and sale of electronic money for mobile money agents. NBC provides float to M-Pesa agents through its branch network.
• Tigo (Millicom Tanzania)coreTechnology or IntegrationNBC partners with Tigo to provide mobile money agency services. The Super Agency service facilitates purchase and sale of electronic money for Tigo mobile money agents through NBC branches.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stanbic Bank Tanzania: Stanbic Bank Tanzania is the local subsidiary of Standard Bank Group and offers personal, business, and corporate banking plus treasury services. It competes directly with NBC in corporate finance, FX, and transactional banking in Tanzania.
• Diamond Trust Bank Tanzania: Diamond Trust Bank Tanzania offers personal, business, and corporate banking, including Islamic banking products. It competes with NBC for affluent retail and SME customers in Tanzania.
• Bank of Africa Tanzania: Bank of Africa Tanzania operates as a mid-sized commercial bank offering retail, SME, and corporate banking. It is comparable to NBC as a multi-segment domestic competitor with overlapping distribution and product coverage.
• Exim Bank Tanzania: Exim Bank Tanzania is a domestic commercial bank providing personal, SME, and corporate banking, including trade finance. It competes with NBC for mid-market corporate clients and trade-finance mandates.
• KCB Bank Tanzania: KCB Bank Tanzania is the Tanzanian subsidiary of Kenya's KCB Group, providing retail, SME, and corporate banking. It is a relevant direct peer because of its regional East African franchise and overlapping mass-market product offering.
• NMB Bank: NMB Bank is Tanzania's largest commercial bank by assets and customer base, offering retail, SME, corporate, and digital banking services nationwide. It directly competes with NBC across every segment in Tanzania, including branch, ATM, and mobile banking.
• CRDB Bank: CRDB Bank is a Tier-1 Tanzanian commercial bank offering retail, SME, corporate, and Islamic banking services with a comparable nationwide footprint. It is NBC's closest head-to-head competitor across personal, business, and Shari'ah-compliant products.
• Absa Bank Tanzania: Absa Bank Tanzania is a subsidiary of Absa Group and operates as a full-service commercial bank in retail, SME, and corporate segments. It is highly comparable because of the apparent Absa data-privacy linkage in NBC's contacts and similar product breadth.

Regional players

• TPB Bank Tanzania (Tanzania People's Bank): TPB Bank Tanzania is a smaller domestic commercial bank focused on retail and SME banking. It is a relevant secondary peer given overlapping customer segments, though its scale and product breadth are smaller than NBC's.

Emerging players

• Equity Bank Tanzania: Equity Bank Tanzania is the Tanzanian subsidiary of Equity Group Holdings, known for mass-market retail, mobile, and agent banking. It is comparable as an emerging player pushing digital-first banking against incumbent banks like NBC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NBCTanzania
• Facebookfacebook.com/NBCTanzaniaLimited
• LinkedInlinkedin.com/company/nbc-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Bank of Commerce