NMB forges pivotal partnership with Police Force

NMB Bank has commended Police Force in the country for its key role in the success story of NMB as a major business partner, leading to making it the market leader in the money sector.

The Chief Executive of NMB, Ms Ruth Zaipuna made the remarks at Tanzania Police School here on Tuesday at the opening of a meeting of senior police officers graced by President Samia Suluhu Hassan.

“Due to the Force’s critical role in protecting lives and property, the bank will continue working closely and giving it special attention for better and productive service of the country,” she said.

Among the areas to be accorded top-notch service, she explained, will be enabling the force to efficiently collect revenues.

“The participation of NMB in collecting government revenue is huge. The collections amounted to over 9.6tri/- between 2018 and 2021 with last year’s collection alone topping 3.7tri/-. For the Police Force, the collections were more than 40bn/- in 2021,” Ms Zaipuna noted in the presentation.

She said the Force equally supports NMB in securing its 227 branches across the country through which it offers police officers services such as salary advance loans and mortgages as well as insurance and investment credit.

Ms Zaipuna also called on the force to reinforce their financial partnership to help the government accomplish the National Development Vision 2025 agenda.

She said NMB is better positioned and innovatively capable to provide digital solutions, which are vital in the modernisation of the Force.

“NMB is the market leader in the use of new technologies to add value to customer services with 93 per cent of our transactions being undertaken digitally outside branches through over 10,000 agents, more than 800 ATMs and alternative banking channels such as NMB Mkononi and Internet Banking,” she said.

Home Affairs Minister, Mr Hamad Yusuf Masauni said NMB’s contribution in supporting the Force to serve the country was not only commendable but also worth emulating.

He cited the consent of the bank to finance the procurement of furniture for a new police post to be opened soon in Zanzibar just before the opening of the meeting as a good example of exemplary collaboration.

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