NMB chief says SMEs constitute 14pc of giant bank’s business

30Jan 2017
By Guardian Reporter
The Guardian
NMB chief says SMEs constitute 14pc of giant bank’s business

SMALL and Medium size Enterprises are an important element of the economy which the country’s largest commercial bank by branch network, National Microfinance Bank Plc is dedicated to serve.

Dodoma RC, Jordan Rugimbana cuts a tape to launch Makole NMB Business Centre in the municipality last Friday. On his left is NMB Bank Plc Managing Director, Ineke Bussemaker (Photo by Doris Kilale)

Speaking in Dodoma last weekend during the launch of Makole Business Centre, NMB Bank Plc Managing Director, Ineke Bussemaker said the bank currently has over 100,000 SMEs as its clients most of which have been nurtured for many years.

“SME activities are extremely important, not just to NMB but to the economy. The economy as a whole depends on the success of SMEs,” Bussenmaker said.

She pointed out that NMB Bank Plc is proud to see micro enterprises grow into SMEs under its care and supervision noting that the SME use various services such as internet banking, trade finance (import letter of credits) and foreign exchange.

“And a large proportion is using our lending products. This shows how diverse customer’s needs are and NMB is there with various solutions to fulfil these needs,” the MD stressed while pointing out that as a bank, management’s focus going forward is not to open new branches but rather to have more innovative ways for reaching customers through technology such as the use of mobile phones and computers.

“With technology, customers can still do banking services at the comfort of their offices, but we understand the importance of advisory service and human interaction for, hence various solutions for contacts such as Business Centres offering SME customers various banking transitions including receiving advisory services,” Bussemaker noted.

Privatised in 2005 to Dutch banking conglomerate, Rabobank Group, NMB Bank Plc has opened Business Centres dedicated to SMEs in Arusha, Dar, Kilimajaro, Mbeya and Mwanza. The bank targets to have 10 Business Centres by the end of this year countrywide.

Speaking at the same ceremony, Dodoma Regional Commissioner, Jordan Rugimbana said commended NMB for investing heavily in the designated capital saying a vibrant banking sector is important to economic growth.

“But as you also know, President John Magufuli has decided that his government will have Dodoma as its capital hence the need for improved banking services,” Rugimbana said.

The RC said the newly launched Makole Business Centre is very important to the business community in the municipality and entire region because it makes easy access by clients to all banking services.

“I congratulate NMB leadership for this investment which is important to the country’s economic growth,” he underlined while pointing out that the fact that Makole is one of the seven NMB Business Centres in the country, reveals the importance of Dodoma as the designated capital and central town in the country.

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