Bank M
| Private | |
| Industry | Financial Services |
| Founded | 2007 |
| Headquarters | Dar es Salaam, Tanzania |
|
Key people
|
Nimrod Mkono, Chairman Sanjeev Kumar, Chief Executive Officer |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Pretax: US$8.04 million (TZS:12.66 billion) (2012) |
| Total assets | US$414.72 million (TZS:889.11 billion) (March 2016) |
|
Number of employees
|
213+ (2012) |
| Website | Homepage |
Bank M is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator, to engage in commercial banking.
The bank is a medium-sized financial services provider in Tanzania. It provides financial services to individuals, small to medium enterprises, and large corporations. As of June 2013[update], the bank's total asset base was valued at about US$336.2 million (TZS:532 billion).
The bank received its commercial banking license from the Bank of Tanzania in February 2007 and opened for business in July of the same year. Its authorized capital is approximately US $17 million (Tanzania shillings: 25 billion), of which US $6.3 million (TZS:9.3 billion) had been paid up as of October 2010.
The bank's is privately owned by the following individuals and corporate entities:
As of November 2014[update], Bank M maintains branches in the following locations, with a view to expand to other areas of Tanzania:
The Chairman of the Board of Directors is Nimrod Nkono, a non-Executive Director. Sanjeev Kumar, a shareholder in the bank is the Chief Executive Officer of Bank M.
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