· 174,500,000 shares transferred
to Arise B.V
Dar es Salaam: December 30, 2020: The
Capital Market and Securities Authority (CMSA) on Monday December 28, 2020
approved the transfer of NMB shares owned by Rabobank to Arise B.V (‘Arise’).
Arise B.V, an investment platform, is
a leading African investment company (holding company), backed by reputable
cornerstone investors. The Investment Consortium was established in 2016 by
Norway's state-owned private equity company, Norfund, Dutch development bank
FMO and Dutch multinational financial services company, Rabobank. Which means
that Rabobank is still part of NMB Bank plc owners through Arise. It aims at
growing sustainably locally owned financial institutions and markets with
strong potential, with NMB and Tanzania being one of the preferred investment
destinations in Sub Saharan Africa.
The approval of share transfer will
see 174,500,000 shares, which constitute a 34.9% stake transferred to Arise.
The CMSA approval comes after
Rabobank had lodged its share transfer request and received necessary
regulatory approvals from responsible regulatory authorities in the country.
Speaking on the share transfer, NMB
Chief Executive Officer, Ruth Zaipuna, said, “The successful completion of the
share transfer is a testament of investors’ confidence on the Institution and
the Country at large.”
Further, she added: ‘’The
collaborative partnership between Arise and NMB is envisaged to deliver
substantial operational, commercial, organizational and financial benefits with
long-term market returns that go beyond stakeholders’ expectations.’’
It should be noted that NMB is
Tanzania’s largest bank by assets according to the Q3 2020 financial results.
Its total assets increased to a record TZS 7.0 Trillion in Q3 2020 up from TZS
6.1 Trillion in Q3 2019. It is also the most profitable bank in Tanzania,
having recorded an impressive TZS 145 Billion net profit in the Quarter ended
30 September 2020 up from TZS 82 Billion registered in 2019.
Undoubtedly this long-term investment
by Arise will support NMB’s future growth aspirations and spur economic growth
and the prosperity of Tanzanian’s, through increased financial inclusion, and
the growth of Retail, SMEs and Agriculture sectors.
NMB would like to thank all its
shareholders, strategic partners, customers and staff for continued faith and
dedication to the organization.
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