THE Board of the National Bank of Commerce (NBC) said over the weekend that it would soon announce the replacement of Lawrence Mafuru as managing director of the institution.

NBC said in a statement that after serving the bank as managing director since 1 June, 2010 - Lawrence Mafuru has with effect from today (31 December, 2012) decided to leave the bank to pursue other interests.

"Upon the receipt of regulatory approval, we will make an announcement on Lawrence's replacement. "The Board of NBC Tanzania wishes to take this opportunity to thank Mr Mafuru for the contribution he made to NBC Tanzania since joining as Head of Treasury in August 2007 and in his role as Managing Director and at the same time wish him the best for the future," read the statement.

NBC is one of the widely most represented retail bank in the country with 45 years experience in providing financial services. Apart from offering traditional banking services, NBC also prides itself with an expanded branch network and footprint.