NMB CEO Ruth Zaipuna scoops 2022 African Banking CEO award

NMB Bank Chief Executive Officer – Ruth Zaipuna has been recognized as the African Banking CEO of the Year 2022 (Tanzania).

Zaipuna was recognized as such during the Africa Bank 4.0 Awards at a ceremony that took place at the weekend at the Movenpick Hotel & Residences in Nairobi, Kenya.

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A statement, availed to the media from NMB Bank Plc headquarters in Dar es Salaam indicated that   Zaipuna was recognized for her individual credentials in spearheading NMB Bank Plc and for contributing a pivotal role in uplifting the banking industry overall.

The award was handled over by the Kenya Institute of Bankers CEO Julius Alengo and received by The NMB Bank’s Treasurer Aziz Chacha.

Speaking shortly after receiving the award on behalf of Zaipuna, the NMB Treasurer, Chacha said the award was dedicated to the bank’s stakeholders.

“In Ruth’s words, this award is dedicated to one of our greatest capitals, which is our people, our staff [NMB staff], without whom, this may not have been possible,” he said.

During Zaipuna’s tenure, NMB Bank Plc has maintained its position as the most profitable banking entity in Tanzania. The bank says in its latest annual report that its profitability continued to go from strength to strength, reaching a profit after tax of Sh290 billion in 2021.

NMB Bank’s clients crossed the five-million mark in 2021 as the lender utilized digital means to reach an expanded segment of the unbanked population. The bank announced commendable gross rates across all the other performance parameters, including assets size, loans and advances as well as customers’ deposits while the level of Non-Performing Loans (NPLs) have been contained to within the regulatory thresholds.