NBC crowned Tanzania's best bank for CSR
The Managing Director of NBC Bank, Theobald Sabi, holds a trophy after the bank was named Tanzania's Best Bank for Corporate Social Responsibility in the Euromoney Awards for Excellence 2024 held in London over the weekend. The prestigious recognition affirms NBC Bank's dedication to the economic and social empowerment of the communities it serves. PHOTO | COURTESY
What you need to know:
- At the heart of NBC Bank's success lies its deep-rooted mission to empower communities and drive inclusive growth. Through a diverse portfolio of innovative banking products and services, the bank has consistently sought to address the varying financial needs of its customers, from the rural smallholder farmer to the urban entrepreneur.
Dar es Salaam. In a momentous achievement that solidifies its position as a trailblazer in sustainable development, NBC Bank has been named the Best Bank for Corporate Social Responsibility in Tanzania at the prestigious Euromoney Awards for Excellence 2024.
This esteemed recognition is a testament to the bank's unwavering dedication to the economic and social empowerment of the communities it serves.
The Managing Director of NBC Bank, Mr Theobald Sabi, expressed immense pride in this historic accolade, emphasizing the bank's role as a catalyst for community upliftment and a provider of transformative financial solutions.
With their guiding principle, "Conveniently Everywhere," NBC Bank has consistently offered a comprehensive range of traditional and cutting-edge digital financial services tailored to meet the diverse needs of its customers, ultimately improving their economic and social well-being.
"Being named Tanzania's Best Bank for Corporate Social Responsibility is a testament to our unwavering commitment to making a lasting, positive impact on society," Sabi remarked.
"We firmly believe in empowering our communities and contributing to their sustainable development. This prestigious recognition motivates us to continue our relentless efforts in building a better Tanzania for all."
At the heart of NBC Bank's success lies its deep-rooted mission to empower communities and drive inclusive growth. Through a diverse portfolio of innovative banking products and services, the bank has consistently sought to address the varying financial needs of its customers, from the rural smallholder farmer to the urban entrepreneur.
Initiatives like NBC Shambani, Kuanasi Account, Wafugaji Account, and Johari Account have been instrumental in championing financial inclusion, ensuring access to vital financial tools and resources for all.
But NBC Bank's influence extends far beyond the realm of traditional banking. The institution's unwavering commitment to sustainable development has manifested through a comprehensive array of impactful community-centric programs and initiatives, as meticulously detailed in their inaugural Sustainability Report for 2023.
Sabi proudly highlighted the bank's significant contributions to education, healthcare, youth enterprise, and environmental conservation – all of which have had a transformative impact on the communities they serve.
"Our purpose of empowering communities is the cornerstone of our commitment to sustainable development," Sabi explained. "We have implemented a diverse range of initiatives to make a tangible difference in areas such as education, healthcare, and environmental preservation."
These initiatives include the NBC Business Clubs, which have provided financial education to over one million women and youth, and the NBC Dodoma Marathon, which not only identifies future athletic champions but also raises funds to combat cervical cancer and provide scholarships for midwives.
The bank's NBC Mobile Clinic has also played a pivotal role in expanding access to healthcare in underserved communities.
NBC Bank's dedication to sustainable development has led to an array of remarkable accomplishments. They have collaborated with the Ocean Road Cancer Institute to screen over 45,000 women for cervical cancer, awarded 100 midwifery scholarships in partnership with the Benjamin Mkapa Foundation, and provided 1,000 Wajibika vocational scholarships.
Additionally, the bank has offered numerous internships and field attachments, nurturing the next generation of leaders.
"We are immensely proud of our achievements in advancing financial inclusion and supporting sustainable development," Sabi stated.
"Our initiatives have had a profoundly positive social impact, and we are determined to continue making a tangible difference in the lives of Tanzanians."
The rigorous recognition criteria for the Euromoney Awards for Excellence 2024 included the bank's ethical business conduct, innovative community outreach, financial inclusion efforts, and environmental initiatives. NBC Bank's unwavering commitment to these pillars has undoubtedly set a new benchmark for corporate social responsibility in Tanzania.
NBC Bank was also recognized by the EMEA Finance Banking Awards as the Best Sub-Sovereign Syndicated Loan in Africa 2023 for its role as Mandated Lead Arranger in a USD200 million credit facility for the Zanzibar government.
"Our steadfast dedication to corporate social responsibility and our impactful initiatives have solidified our position as the leading financial institution in Tanzania," Sabi concluded.
"We are determined to continue setting new standards for ethical and sustainable banking, driven by our unwavering commitment to building a brighter future for all Tanzanians. This esteemed recognition is a testament to our achievements, and we are honored to receive it."
