ACA 8,300     CRDB 180     DCB 400     DSE 1,180     EABL 5,150     JHL 9,700     KA 130     KCB 830     MBP 600     MCB 500     MKCB 850     MUCOBA 400     NMB 2,760     NMG 2,320     PAL 470     SWALA 500     SWIS 3,800     TBL 13,500     TCC 9,800     TCCL 1,600     TOL 800     TPCC 1,800     TTP 650     USL 60     YETU 600     

Mwalimu Commercial Bank Plc

End of Day - 23 Jun 2017
500 Previous 500 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover - 500 1 Year Range

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Sector : Banks, Finance & Investments


Mwalimu Commercial Bank (MCB) has been sponsored and promoted by the Tanzania
Teacher’s Union (TTU), a Trade Union established under the Employment and Labour
Relations Act 2004. It is an umbrella trade union of teachers in Tanzania solely owned
by the teachers. With over 200,000 members across all regions in Tanzania, TTU
owns 16% of the bank’s issued and fully paid up capital.

TTU's economic wing, the Teacher’s Development Company Limited (TDCL)
owns 4 % of MCB PLC’s issued and fully paid up capital. The rest 80% is owned by the general public.

MCB PLC was established as a commercial bank, supervised and regulated by the
Bank of Tanzania under its prudential regulatory regime.