The Dar es Salaam based Mwalimu Commercial Bank Plc (MCB) has extended its reach to more parts of the Country doing so through a strategic partnership with Tanzania Commercial Bank Bank Plc (Tanzania Commercial Bank).MCB chief executive officer Ronald Manongi said in Dar es salaam yesterday that the bank had embarked on a strategic partnership scheme to enable its customers to enhance their business operatin through having additional channels for ordinary business activities. ...
 

The Dar es Salaam based Mwalimu Commercial Bank Plc (MCB) has extended its reach to more parts of the Country doing so through a strategic partnership with Tanzania Commercial Bank Bank Plc (Tanzania Commercial Bank).MCB chief executive officer Ronald Manongi said in Dar es salaam yesterday that the bank had embarked on a strategic partnership scheme to enable its customers to enhance their business operatin through having additional channels for ordinary business activities.

The MCB/Tanzania Commercial Bank partnership '' is in line with our (MCB) bank's vision of delivering services to where our customers are located,'' Mr. Manongi said, adding that '' the strategic collaboration is one of many channels that sre being considered to enable the bank to implement uts strategy aimed at increasing customer's access to services and also support the economic growth of the nation.

The partnership will also ensure customer's transactions are more   secure as automation will eliminate errors orginating from manual transactions. To elaboarate, the two banks have created a common platform that connects MCB wit all Tanzania Commercial Bank Bank branches across Tanzania. In the event, both facilities have taken all measures neede to ensure a high level of security on their platforms, thereby giving comfort to customers on the sarfety and confidentiality of their transactions. For example, Mr Manongi said, when funds were deposited in Tanzania Commercial Bank acccount any where in the country, the amount was just as soon reflected in the appropiate account as if the customer had actually called the MCB branch in person. For his part, Tanzania Commercial Bank chiefexecutive officer Sabasaba Moshingi hailed the partnership averring tat his customer's would also benefit from the arrangements.