NMB rural banking services cover 500 villages

TANZANIA: NMB Bank has reached over 500 villages out of one thousand planned this year through its rural banking services policy, attributing part of the success to media contributions in educating the public on financial matters.

In this initiative, more than 700,000 accounts have so far been opened out of 1.5 million planned for one year.

NMB’s Chief of Wholesale Banking Mr Alfred Shao revealed this yesterday during the conference on the Development of the Information Industry and the Working Session of Government Information Officers graced by President Samia Suluhu Hassan.

“The revolution in the information sector has brought positive results not only in the news but also in other sectors, including the financial sector, which has led to the inclusion of citizens in financial services,” Mr Shao said.

He said the policy on rural banking services, rural banking, was made possible through agents, and mobile vehicles bank on wheels.

Mr Shao said at the opening of the four days conference sponsored by NMB.

The lender recognises and appreciates the government’s contribution through the Ministry of Information and Information Technology and the media in stimulating integrated services for the citizen.

The bank is a major stakeholder in promoting a sustainable economy and they believe that in cooperation with the media, they and other financial institutions have great potential to reach the people quickly, easily and easily and include them in the chain.

“NMB has been a major stakeholder in the news and media industry and we have been cooperating with them for many years because we believe our cooperation is for the benefit of all and will help bring positive development to our citizens,” Mr Shao said.

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