OUR AWESOME JOURNEY
MAENDELEO BANK PLC is the result of a strategical decision made by the Evangelical Lutheran Church in Tanzania-Eastern and Coastal Diocese in 2008. Maendeleo Bank Plc. (MB) was registered as a Limited Company in February 2011, later changed to Public Limited Company in June 2013
On September 9th 2013, Maendeleo Bank PLC., started business as a regional bank. The bank was issued with a license number NBA 00026 to carry out banking business. Maendeleo Bank became the first company and bank in Tanzania to be listed at the Dar es Salaam Stock Exchange Plc (DSE) through the Enterprise Growth Market Window and hence became a Public Limited Company (PLC) from its start. Since then, the bank has been targeting micro, small and medium enterprise markets in Dar es Salaam. Since its launch of operations in September 2013, MB has maintained the underlying vision of building a Tanzanian bank for Tanzanian enterprises.
Its core objective is to create investment value to its shareholders and optimize the growth of the bank through synergies and common development plans. Along with this, the bank is set to deliver excellence by serving customers with efficiency and courtesy.The Micro, SME and middle corporate segments are the bank’s preferred markets. The bank targets customers who operate with a modest risk profile and have a fairly well defined structure
VISION
To be a preferred financial services provider
MISSION
To provide innovative, customer-driven financial services with competitive returns to shareholders
OUR CORE VALUES
All employees of the Bank are expected to demonstrate the following values in their daily activities and in decision making.
INTEGRITY
We are committed to do the right thing.
TEAMWORK
We collaborate, support one another, and share ideas to continually learn and deliver the best for our customers and the bank.
INNOVATION
We embrace creativity and the smart use of technology to overcome challenges, and deliver better solutions for our customers and the bank.
CUSTOMER FOCUS
We put customers first in everything we do.
ACCOUNTABILITY
We are accountable for our actions and decisions.
RESPECT
We value diversity and unique contributions
BOARD OF DIRECTOR'S
Prof: Ulingeta Mbamba
(Chairman)
Mr. Lomnyaki Saitabau
(Managing Director)