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   NIC Bank Tanzania
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return false;"href=#> </a><li class=lj><a onclick="share('lj'); return false;"href=#> </a><li class=li><a onclick="share('li'); return false;"href=#> </a></ul><div id=article><dl><div itemscope itemtype=http://webmaster.yandex.ru/vocabularies/enc-article.xml><dt class=term itemprop=title lang=en>NIC Bank Tanzania<dd class=descript itemprop=content lang=en><div class=mw-content-ltr dir=ltr lang=en><div class=dablink>"NIC Bank Tanzania" redirects here. For NIC Bank, see <a href=11787825> NIC Bank </a> .</div><table class="infobox vcard"cellspacing=5 style=width:22em;><caption class="fn org">NIC Bank Tanzania</caption><tbody><tr><th scope=row style=text-align:left;><a href=820259> Type </a><td class=category>Private<tr><th scope=row style=text-align:left;>Industry<td class=category><a href=244094> Financial Services </a><tr><th scope=row style=text-align:left;>Founded<td>1994<tr><th scope=row style=text-align:left;>Headquarters<td class=label><a href=4934> Dar es Salaam </a> , <a href=18465> Tanzania </a><tr><th scope=row style=text-align:left;>Key people<td class=agent>Abdulsultan Hasham Jamal, <a href=11513856> Chairman </a> <br> James Muchiri, <a href=659736> Managing Director </a><tr><th scope=row style=text-align:left;>Products<td>Loans, <a href=634090> Checking </a> , Savings, Investments, Debit Cards<tr><th scope=row style=text-align:left;>Revenue<td><a href=/pictures/enwiki/73/Increase2.svg> <img style="max-width : 98%; height: auto; width: auto;"alt=increase border=0 height=11 src=/pictures/enwiki/49/11px-Increase2.svg.png width=11> </a> Pretax: US$953,000 (2007) <sup class=reference id=cite_ref-0> <a href=#cite_note-0> <span> [ </span> 1 <span> ] </span> </a> </sup><tr><th scope=row style=text-align:left;><a href=10962043> Total assets </a><td>US$39 million (2008) <sup class=reference id=cite_ref-1> <a href=#cite_note-1> <span> [ </span> 2 <span> ] </span> </a> </sup><tr><th scope=row style=text-align:left;>Website<td><a class="external text"href=http://www.sfltz.com/default.htm rel=nofollow> Homepage </a></table><p><b> National Industrial and Commercial Bank Tanzania Limited </b> , commonly known as <b> NIC Bank Tanzania </b> (NICBT), and formerly known as <b> Savings and Finance Commercial Bank </b> (SFCB), is a <a href=129008> commercial bank </a> in <a href=18465> Tanzania </a> . It is one of the twenty-nine (29) licensed commercial banks in the country. <sup class=reference id=cite_ref-2> <a href=#cite_note-2> <span> [ </span> 3 <span> ] </span> </a> </sup><table class=toc id=toc><tbody><tr><td style="text-align: left;"><div id=toctitle><h2>Contents</h2></div> <ul><li class="toclevel-1 tocsection-1"><a href=#Overview> <span class=tocnumber> 1 </span> <span class=toctext> Overview </span> </a><li class="toclevel-1 tocsection-2"><a href=#History> <span class=tocnumber> 2 </span> <span class=toctext> History </span> </a><li class="toclevel-1 tocsection-3"><a href=#Ownership> <span class=tocnumber> 3 </span> <span class=toctext> Ownership </span> </a><li class="toclevel-1 tocsection-4"><a href=#Branch_Network> <span class=tocnumber> 4 </span> <span class=toctext> Branch Network </span> </a><li class="toclevel-1 tocsection-5"><a href=#External_links> <span class=tocnumber> 5 </span> <span class=toctext> External links </span> </a><li class="toclevel-1 tocsection-6"><a href=#See_also> <span class=tocnumber> 6 </span> <span class=toctext> See also </span> </a><li class="toclevel-1 tocsection-7"><a href=#References> <span class=tocnumber> 7 </span> <span class=toctext> References </span> </a></ul></table><h2><span class=mw-headline id=Overview> Overview </span></h2><p>NIC Bank Tanzania is a small financial services provider in <a href=18465> Tanzania </a> . Its total asset valuation at the end of 2008 was less that US$40 million, with shareholders' equity valued at approximately US$4.8 million (TZS:7 billion) <sup class=reference id=cite_ref-3> <a href=#cite_note-3> <span> [ </span> 4 <span> ] </span> </a> </sup> The bank is a subsidiary of <a href=11787825> NIC Bank </a> of <a href=125319> Kenya </a> , which owns a 51% controlling shareholding. The <a href=866246> East African Development Bank </a> is also a shareholder in NIC Bank Tanzania.<h2><span class=mw-headline id=History> History </span></h2><p>NICBT started as a <a href=9711464> non-bank financial institution </a> (NBFI) in 1994. In 2004, following the issuance of a banking license by the <a href=1090883> Bank of Tanzania </a> , the country's banking regulator, the institution converted into a fully fledged commercial bank, under the name <b> Savings and Finance Commercial Bank (SFCB) </b> . <sup class=reference id=cite_ref-4> <a href=#cite_note-4> <span> [ </span> 5 <span> ] </span> </a> </sup><p>In May 2009, <a href=11787825> NIC Bank </a> of <a href=125319> Kenya </a> , a large financial services provider, based in <a href=13058> Nairobi </a> , and traded on the <a href=1313125> Nairobi Stock Exchange </a> , took a 51% shareholding position in SFCB. <sup class=reference id=cite_ref-5> <a href=#cite_note-5> <span> [ </span> 6 <span> ] </span> </a> </sup> <sup class=reference id=cite_ref-6> <a href=#cite_note-6> <span> [ </span> 7 <span> ] </span> </a> </sup> During 2010, the Tanzanian subsidiary successfully re-branded to <strong class=selflink> NIC Bank Tanzania </strong> . <sup class=reference id=cite_ref-7> <a href=#cite_note-7> <span> [ </span> 8 <span> ] </span> </a> </sup> <sup class=reference id=cite_ref-8> <a href=#cite_note-8> <span> [ </span> 9 <span> ] </span> </a> </sup><h2><span class=mw-headline id=Ownership> Ownership </span></h2><p><a href=11787825> NIC Bank </a> of <a href=125319> Kenya </a> owns 51% of the <a href=8599847> stock </a> of NIC Bank Tanzania. The remaining 49% shareholding is owned by other corporate entities and individuals, including the <a href=866246> East African Development Bank </a> . <sup class=reference id=cite_ref-9> <a href=#cite_note-9> <span> [ </span> 10 <span> ] </span> </a> </sup><table style=font-size:100%;><tbody><tr><td align=center width=100%><b> NIC Bank Tanzania Stock Ownership </b><tr valign=top><td style="text-align: left;"><table class="wikitable sortable"style=margin-left:auto;margin-right:auto><tbody><tr><th style=width:2em;>Rank<th>Name of Owner<th>Percentage Ownership<tr><td style="text-align: left;">1<td style="text-align: left;"><a href=11787825> NIC Bank </a> of <a href=125319> Kenya </a><td style="text-align: left;">51.00<tr><td style="text-align: left;">2<td style="text-align: left;"><a href=866246> East African Development Bank </a><td style="text-align: left;"><tr><td style="text-align: left;">3<td style="text-align: left;">Others<td style="text-align: left;"><tr><td style="text-align: left;"><td style="text-align: left;"><b> Total </b><td style="text-align: left;"><b> 100.00 </b></table> <h2><span class=mw-headline id=Branch_Network> Branch Network </span></h2> <p>As of February 2011 <sup class="plainlinks noprint asof-tag update"style=display:none;> <a class="external text"href=//en.wikipedia.org/w/index.php?title=NIC_Bank_Tanzania&action=edit> [update] </a> </sup> , the bank maintains branches at the following locations: <sup class=reference id=cite_ref-10> <a href=#cite_note-10> <span> [ </span> 11 <span> ] </span> </a> </sup></p> <ol><li><b> Main Branch </b> - Harbour View Towers, Samora Avenue, <a href=4934> Dar es Salaam </a><li>Arusha Branch - Central Plaza, Sokoine Road, <a href=210002> Arusha </a><li>Mwanza Branch - 5 Nyerere Road, <a href=807142> Mwanza </a></ol> <h2><span class=mw-headline id=External_links> External links </span></h2> <ul><li><a class="external text"href=http://www.bot.go.tz/ rel=nofollow> Website of Bank of Tanzania </a><li><a class="external text"href=http://www.sfltz.com/ rel=nofollow> Website of NIC Bank Tanzania </a><li><a class="external text"href=http://allafrica.com/stories/200907280399.html rel=nofollow> List of Commercial Banks Operating In Tanzania </a></ul> <h2><span class=mw-headline id=See_also> See also </span></h2> <ul><li>List of banks in Tanzania<li>List of banks in Africa<li><a href=1090883> Bank of Tanzania </a><li><a href=18470> Economy of Tanzania </a></ul> <h2><span class=mw-headline id=References> References </span></h2> <div style="list-style-type: decimal;"class=reflist><ol class=references><li id=cite_note-0><b> <a href=#cite_ref-0> ^ </a> </b> <a class="external text"href=http://www.nic-bank.com/Main-site/Media-Centre/News-and-Events/Inside-News rel=nofollow> S&F Bank December 2007 Pretax Profit </a><li id=cite_note-1><b> <a href=#cite_ref-1> ^ </a> </b> <a class="external text"href=http://www.sfltz.com/htmls/balancesheet_1.htm rel=nofollow> December 2008 Asset Valuation </a><li id=cite_note-2><b> <a href=#cite_ref-2> ^ </a> </b> <a class="external text"href=http://bot.go.tz/BankingSupervision/RegisteredBanks.asp rel=nofollow> List of Licensed Commercial Bank In Tanzania </a><li id=cite_note-3><b> <a href=#cite_ref-3> ^ </a> </b> <a class="external text"href=http://www.sfltz.com/htmls/balancesheet_1.htm rel=nofollow> December 2008 Balance Sheet </a><li id=cite_note-4><b> <a href=#cite_ref-4> ^ </a> </b> <a class="external text"href=http://www.sfltz.com/aboutus.html rel=nofollow> History of NICBTZ </a><li id=cite_note-5><b> <a href=#cite_ref-5> ^ </a> </b> <a class="external text"href=http://www.nic-bank.com/Main-site/Media-Centre/News-and-Events/Inside-News rel=nofollow> NIC Bank Buys Controlling Interest In SFCB </a><li id=cite_note-6><b> <a href=#cite_ref-6> ^ </a> </b> <a class="external text"href=http://allafrica.com/stories/201012011145.html rel=nofollow> Bank of Tanzania Approves NIC Bank Takeover </a><li id=cite_note-7><b> <a href=#cite_ref-7> ^ </a> </b> <a class="external text"href=http://www.theeastafrican.co.ke/business/NIC%20Bank%20acquires%20Savings%20and%20%20Finance%20invests%20$6m%20in%20SMEs/-/2560/1074810/-/hljw6kz/-/index.html rel=nofollow> NIC Bank Acquires Savings and Finance, Invests $6 Million In SMEs </a><li id=cite_note-8><b> <a href=#cite_ref-8> ^ </a> </b> <a class="external text"href=http://allafrica.com/stories/201102250083.html rel=nofollow> NICBT Is Subsidiary of NIC Bank of Kenya </a><li id=cite_note-9><b> <a href=#cite_ref-9> ^ </a> </b> <a class="external text"href=http://www.nic-bank.com/Main-site/Media-Centre/News-and-Events/Inside-News rel=nofollow> Shareholding In NIC Bank Tanzania </a><li id=cite_note-10><b> <a href=#cite_ref-10> ^ </a> </b> <a class="external text"href=http://www.sfltz.com/branchnetwork.html rel=nofollow> Branches of NIC Bank Tanzania </a></ol></div> <table cellspacing=0 class=navbox style=;><tbody><tr><td style=padding:2px;><table class="nowraplinks collapsible autocollapse"cellspacing=0 style=width:100%;background:transparent;color:inherit;;><tbody><tr><th class=navbox-title colspan=2 style=;><span style=float:left;width:6em;text-align:left;> <span class="noprint plainlinks navbar"> <span style=white-space:nowrap;word-spacing:-.12em;> <a href=18470> <span style=";;background:none transparent;border:none;font-size:100%;"title="View this template"> v </span> </a> <span style=";;background:none transparent;border:none;font-size:100%;"> <b> · </b> </span> <a href=18470> Economy of Tanzania </a> </span> </span> </span><tr style=height:2px;><td style="text-align: left;"><tr><td class=navbox-abovebelow colspan=2 style=;><div>Currency: <a href=653472> Tanzanian shilling </a></div><tr style=height:2px;><td style="text-align: left;"><tr><td class=navbox-group style=;;>Communications<td class="navbox-list navbox-odd"style=text-align:left;border-left-width:2px;border-left-style:solid;width:100%;padding:0px;;;><div style="padding:0em 0.25em">Banking   <span style=font-weight:bold;> · </span><a href=18471> Communications </a>   <span style=font-weight:bold;> · </span> History of Trade   <span style=font-weight:bold;> · </span><a href=18472> Transportation </a></div><tr style=height:2px><td style="text-align: left;"><tr><td class=navbox-group style=;;>Industries:<td class="navbox-list navbox-even"style=text-align:left;border-left-width:2px;border-left-style:solid;width:100%;padding:0px;;;><div style="padding:0em 0.25em">Agriculture   <span style=font-weight:bold;> · </span><a href=10373357> Tourism </a></div></table></table></table></div> <div class=catlinks id=catlinks><div id=mw-normal-catlinks>Categories: <ul><li>Banks of Tanzania<li>Companies of Tanzania<li><a href=4934> Dar es Salaam </a><li><a href=18470> Economy of Tanzania </a><li>Companies established in 1994</ul></div></div></dd><br><p class=src id=TerminSourceInfo><em> <span itemprop=source> Wikimedia Foundation </span> . <span itemprop=source-date> 2010 </span> . 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