Friday October 12, 2018: Mkombozi Commercial Bank Plc has officially launched its Tegeta Branch which was previously a financial services centre but now has been elevated as a fully-fledged branch.
The branch was officially opened by Rt. Rev. Eusebius Nzigilwa, the Auxiliary Bishop of Archdiocese of Dar es Salaam during an event that was attended by various stakeholders, Mkombozi Bank employees and customers.
While launching the branch, the Bishop said the bank is at a steady growth as was projected and that the aim of the bank is to have branches all over the country to enable all Tanzanians access banking services easily.  
“I want to take this opportunity to urge all Tanzanians to use this bank as it is 100% owned by Tanzanians, so far there are no foreign investor with a stake in the ownership of the bank”. He said that opening of the branch signifies the good intentions of the bank as an important stakeholder in the economy and development of the financial sector.
The Bishop appealed to the government to continue supporting these development plans as they all aim at providing services to Tanzanians.
On his part, the Mkombozi Commercial Bank Managing Director, George Shumbusho said the Tegeta Financial Services Centre was opened since July 23, 2016 and has since then recorded tremendous achievements within a short period that qualifies it to be a fully-fledged branch.  
“The bank was well received by members of the public at all levels who have continued using the services. This is reflected in the number of accounts opened by individuals, businessmen and institutions. The bank has also extended loans to small scale entrepreneurs, employees from various institutions and institutions,” he said.
Speaking during the launch, the Mkombozi Commercial Bank Board Vice Chairman, Professor Marcelina Chijoriga said the bank decided to elevate the financial services centre so as to meet customers banking needs.
“The objective of the bank is to redeem Tanzanians from poverty by offering loans to individuals and to companies. This is a bank for all regardless of the political and religious ideology,” he said.
Mkombozi Commercial Bank currently has seven branches countrywide and the eighth one will be launched in Morogoro next week.  
Mkombozi Commercial Bank Plc (MKCB) was founded in 2009 by Roman Catholic Church and its Institutions as a local initiative to support the emerging small medium and large Tanzanian businesses for provision of financial services.
In order to strengthen the financial position of the bank, the founder members floated the shares through DSE to the general public and that makes it a listed public company.