ACA 5,200     CRDB 210     DCB 395     DSE 1,400     EABL 5,650     JHL 10,400     KA 110     KCB 980     MBP 600     MCB 500     MKCB 900     MUCOBA 400     NMB 2,340     NMG 2,360     PAL 470     SWALA 500     SWIS 3,820     TBL 13,000     TCC 11,000     TCCL 1,360     TOL 780     TPCC 1,780     TTP 650     USL 90     VODA 850     YETU 600     

Mwalimu Commercial Bank Plc

End of Day - 18 Aug 2017
500 Previous 500 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover 550 - 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.