Company Overview of NMB Bank Limited
NMB Bank Limited provides various banking products and financial services to corporate and individual customers in Zimbabwe. The company operates through five segments: Retail Banking, Corporate Banking, Treasury, International Banking, and Corporate Finance. Its personal banking products and services include current and savings accounts, debit and credit cards, personal loans and overdrafts, and safe custody services. The company’s corporate banking services comprise saving and current accounts; business credit cards; loans and overdrafts for working capital and capital expenditure requirements; bankers’ acceptance credits; letters of credit; bank guarantees; and bridging finance, as well a...
Cnr Kwame Nkrumah Avenue/First Street
Founded in 1993
Key Executives for NMB Bank Limited
Chief Executive Officer, Executive Director, Member of Human Resources & Remuneration Committee, Member of Asset & Liability Management (Alco), Finance & Strategy Committee, Member of Credit Committee, Member of Risk Management Committee and Chief Executive Officer of Nmbz Holdings Limited
Head of Corporate Banking
Head of Corporate Banking
Compensation as of Fiscal Year 2016.
NMB Bank Limited Key Developments
NMB Bank Opens New Branch in Mwanza City
Aug 10 16
The NMB Bank has opened a new branch in Mwanza City as it eyes reaching 200 branches by end of this year up from over 170 branches it now possesses countrywide.
Zamco In Talks To Acquire U.S $6 Million Bad Loans
May 31 16
Zimbabwe Asset Management Corporation plans to acquire U.S.$6 Million Bad Loans from NMB Bank Limited. Benfit Washaya, Chief Executive told that the bank had surrendered bad loans worth $1 million to Zimbabwe Asset Management Corporation and he Added "Our target is that we have a NPL ratio of 10 percent by June and then five percent by the end of the year but in the short to medium term we are looking if we can sell off about $6 million or so of those bad loans to Zamco,".
NMB Bank Limited, Annual General Meeting, May 19, 2016
May 19 16
NMB Bank Limited, Annual General Meeting, May 19, 2016.
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