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Maendeleo Bank PLc

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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 become a preferred retail and MSME financial services provider in Tanzania

MISSION

To provide innovative, customer needs driven financial services with competitive returns to our Shareholders.

OUR CORE VALUES

All employees of the Bank are expected to demonstrate the following values in their daily activities and in decision making.

ACCOUNTABILITY

We are accountable for our own actions and decisions.

INTEGRITY

We act with honesty and honor without compromising the truth.

RESPECT FOR THE INDIVIDUALS

We value diversity and unique contributions

CARING FOR COMMUNITY

We are responsive to our community in which we operate.

EMPOWERMENT

We encourage our employees to be innovative and use their skills for the best of the bank.

BOARD OF DIRECTOR'S

Prof: Ulingeta Mbamba

(Chairman)

CPA. Peter Tarimo

(Ag. Managing Director)

MANAGEMENT

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