- Mkombozi Commercial Bank
-
Mkombozi Commercial Bank Type Private Industry Financial Services Founded 2009 Headquarters Dar es Salaam, Tanzania Key people Masha John Mshomba, Chairman
Edwina Agnellus Lupembe
Managing Director & CEOProducts Loans, Checking, Savings, Investments, Debit Cards Total assets US$6+ million (2010)[1] Website Homepage Mkombozi Commercial Bank (MKCB) is a commercial bank in Tanzania. It is one of the twenty-nine (29) licensed commercial banks in the country.[2] Mkombozi is a Swahili word meaning Savior.
Contents
Overview
The bank is a small commercial bank that focuses on serving the lower social economic classes in Tanzania, along with their small-to-medium enterprises (SMEs).
History
The bank obtained a commercial banking licence from the Bank of Tanzania, the national banking regulator, in July 2009. MKCB then opened for business in August 2009.
Ownership
Mkombozi Commercial Bank is owned by Tanzanian Catholic dioceses, parishes, and individuals of all religious persuasions. In order to raise the US$5 million (TZS 68 billion) initial share capital, shares were sold to individuals and businesses, in batches of 100 shares at US$0.75 per share.[3]
Branch Network
As of October 2010[update], MKCB maintains one branch at St. Joseph's Catholic Church, in Dar es Salaam, Tanzania.
- Main Branch - St Joseph's Catholic Church, Dar es Salaam
Governance
The Board of Directors of the bank comprises eight (8) individuals. The Chairman is one of the seven (7) non-Executive Directors. The current Chairman is Masha John Mshomba. The current Managing Director and Chief Executive Officer (CEO), is Edwina Agnellus Lupembe.[4]
External links
See also
- List of banks in Tanzania
- List of banks in Africa
- Bank of Tanzania
- Economy of Tanzania
References
Categories:- Banks of Tanzania
- Companies of Tanzania
- Dar es Salaam
- Companies established in 2009
Wikimedia Foundation. 2010.
