DAR ES SALAAM, June 11 -- The National Bank of Commerce (NBC) has presented a whooping 10.5bn/- dividend to the government, marking the authoritys share of profits for the fiscal year 2024.

With the government holding a 30 per cent equity stake in NBC, this dividend signifies a direct benefit from the banks impressive financial performance over the year.

Presenting the amounts cheque to President Samia Suluhu Hassan at the State House in Dar es Salaam, on Tuesday, the significant payout follows a year of remarkable operational success for NBC, which reported a total dividend of 35bn/- to its shareholders this fiscal year, and a robust pre-tax profit of 170bn/-.

Such results not only showcase the banks financial health but also its crit...