NMB bags five global awards
TANZANIA: NMB Bank has clinched five prestigious international awards at the 2024 Euromoney Awards for Excellence held in London, UK recently.
The accolades include Best Bank in Tanzania for the 11th time in 12 years, Best Bank for environmental, social and governance (ESG) and Best Digital Bank in Tanzania.
Euromoney Magazine, the world’s leading capital markets and financial think tank, also recognised NMB as Tanzania’s Best Domestic Private Bank and Tanzania’s Best bank for High- net- worth.
These recognitions underscore NMB’s leadership in banking excellence and commitment to sustainable financial practices.
This year, 600 banks from 100 countries participated in the Euromoney awards, making it the most comprehensive accreditation programme in the industry.
NMB Bank lender bagged more than 30 local and international awards last year.
Speaking after receiving the awards in London over the weekend, Wholesale Banking Chief Alfred Shao stated that the bank was honoured for its top-notch financial solutions and its catalytic contribution to the growth of the national economy.
“NMB believes in providing efficient financial services that are accessible to customers as a way of enhancing convenience. As such, we keep innovating our online as well as digital platforms to maintain access for every customer and satisfy their financial service needs,” Mr Shao said.
NMB was named the Best Bank for ESG 2024 in Tanzania, recognising its sustainable finance expertise and its commitment to improving the communities it serves.
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This recognition stems from the bank’s dedication to placing sustainable finance at the core of its strategy, ensuring it provides impactful advisory, financing, and investment solutions.
Mr Shao stated that with a robust ESG commitment and ambition, the bank leverages its extensive experience and deep environmental and social expertise to support clients in their sustainability and transition journeys.
“These five awards are not just a reflection of our past achievements but also a motivation for the future. We remain committed to upholding the highest standards of excellence, integrity, and service. We will continue to innovate and adapt to meet the evolving needs of our customers and the financial industry,” he explained.
“Whether it’s through financial literacy programmes, supporting small businesses, or fostering diversity and inclusion within our workforce, we strive to create a positive social impact and empower individuals to achieve their goals.” he added.
The Euromoney’s Editor-in-Chief, Ms Louise Bowman hailed NMB for implementing a robust digital and agency banking model.
She highlighted that this significant investment has resulted in 96 per cent of the bank’s transactions occurring outside of branches.
“The bank now has over 28,000 agents, from under 19,000 in 2022, and has launched a digital campaign to raise awareness of its digital products including digital micro-loans.,” she noted.
