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· NMB Bank Tanzania appointed Ruth Zaipuna as its Chief Executive Officer
· She has been serving the bank as the acting CEO since October 2019. Her appointment was announced by Bank’s board chairman Dr Edwin Mhede.
NMB Bank Tanzania appointed Ruth Zaipuna as its Chief Executive Officer. She has been serving the bank as the acting CEO since October 2019. Her appointment was announced by Bank’s board chairman Dr Edwin Mhede. Ms Zaipuna has made significant contributions in strategy, governance, cost efficiency and overall leadership of the bank. She has been instrumental during the transition period and a key player in the growth realization of NMB.
Starting her career in Price Water House Coopers in 2002 specializing in the audits of commercial banks and other financial institutions for a decade, Ruth later joined the Standard Chartered Bank as an Executive Director Finance and CFO for seven years before joining NMB Bank.
Recently, NMB bagged the Euromoney Excellence Award for the eighth consecutive year confirming the bank’s investment in digital transformation and technology and its ability to deliver innovative solutions to the market. In the 2019 financial performance, the Bank reported a TZS 142 billion profit after tax, a 46% increase from TZS 98 billion recorded in the previous year maintaining it as the most profitable bank for over a decade.
