October 24, 2016 4:08 AM ET


Company Overview of NMB Bank Limited

Company Overview

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...

Unity Court

First Floor

Cnr Kwame Nkrumah Avenue/First Street



Founded in 1993


263 4 759651


263 4 798850

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
Company Secretary
Compensation as of Fiscal Year 2016.

NMB Bank Limited Key Developments

NMB Bank Opens New Branch in Mwanza City

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

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

NMB Bank Limited, Annual General Meeting, May 19, 2016.

Similar Private Companies By Industry

Company Name Region
Agricultural Bank of Zimbabwe Limited Middle East/Africa
Capital Bank Corporation Limited Middle East/Africa
Kingdom Bank Limited Middle East/Africa
NDH Holdings Limited Middle East/Africa
People's Own Savings Bank Middle East/Africa

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact NMB Bank Limited, please visit www.nmbz.co.zw. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.