| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 2009 |
| Headquarters | Dar es Salaam, Tanzania |
| Key people | Masha John Mshomba, Chairman Edwina Agnellus Lupembe Managing Director & CEO |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$6+ million (2010)[1] |
| Website | Homepage |
Mkombozi Commercial Bank (MKCB) is a commercial bank in Tanzania. It is one of the twenty-nine (29) licensed commercial banks in the country.[2] Mkombozi is a Swahili word meaning Savior.
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The bank is a small commercial bank that focuses on serving the lower social economic classes in Tanzania, along with their small-to-medium enterprises (SMEs).
The bank obtained a commercial banking licence from the Bank of Tanzania, the national banking regulator, in July 2009. MKCB then opened for business in August 2009.
Mkombozi Commercial Bank is owned by Tanzanian Catholic dioceses, parishes, and individuals of all religious persuasions. In order to raise the US$5 million (TZS 68 billion) initial share capital, shares were sold to individuals and businesses, in batches of 100 shares at US$0.75 per share.[3]
As of October 2010[update], MKCB maintains one branch at St. Joseph's Catholic Church, in Dar es Salaam, Tanzania.
The Board of Directors of the bank comprises eight (8) individuals. The Chairman is one of the seven (7) non-Executive Directors. The current Chairman is Masha John Mshomba. The current Managing Director and Chief Executive Officer (CEO), is Edwina Agnellus Lupembe.[4]