Dar es Salaam, Nov. 22 -- NMB Bank, one of the largest lenders in the country, single borrower limit has increased by 30 per cent to hit a historic level thanks to the lenders solid performance.

NMB Bank Chief of Retail Banking Filbert Mponzi said the amount increased to 325bn/- in the third quarter of this year from 250bn/-, which was the highest single borrower ever issued by a financial institution in the history of the country.

“NMB Bank has introduced various tailor-made products for Tanzanians in the diaspora. This is not only limited to Tanzanians but our ambassadors as well.

“We have already engaged some ambassadors on how to capitalise on our products including loans and mortgage financing,” Mr Mponzi said on...