ACA 5,400     CRDB 150     DCB 385     DSE 1,140     EABL 5,150     JHL 10,400     KA 110     KCB 890     MBP 600     MCB 500     MKCB 890     MUCOBA 400     NMB 2,760     NMG 2,480     PAL 470     SWALA 500     SWIS 3,500     TBL 13,300     TCC 16,800     TCCL 1,200     TOL 780     TPCC 1,460     TTP 600     USL 100     VODA 850     YETU 600     

Mwalimu Commercial Bank Plc

End of Day - 22 Nov 2017
500 Previous 500 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover 520 - 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.