ACA 8,590     CRDB 195     DCB 395     DSE 1,180     EABL 5,120     JHL 9,580     KA 120     KCB 870     MBP 600     MCB 500     MKCB 900     MUCOBA 400     NMB 2,750     NMG 2,110     PAL 470     SWALA 500     SWIS 3,820     TBL 13,000     TCC 11,050     TCCL 1,360     TOL 800     TPCC 1,800     TTP 650     USL 50     YETU 600     

Mwalimu Commercial Bank Plc

End of Day - 20 Jul 2017
500 Previous 500 0 ( 0.00% ) 0 High 0 Low 0 Volume 0 Turnover 600 - 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.