Tanzania Daily News (Dar es Salaam)

Tanzania: NBC to Name New CEO Soon

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.

Copyright © 2012 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.