NMB Bank Plc Jasiri Bond named platinum winner of the sustainable bond of the year

CAMBODIA-Organized by IFC, a member of the World Bank Group, and the SME Finance Forum and endorsed by the G20’s Global Partnership for Financial Inclusion (GPFI), this year, the Global SME Finance Awards 2022 introduced a new category awarding meritorious institutions with the distinction of Sustainable Bond of the Year.

NMB Bank’s Treasurer, Aziz Chacha (left) receiving the Sustainable Bond of the Year award 2022 from Mathew Gamser,CEO of SME Finance Forum at the awards event Organized by IFC, a member of the World Bank Group, and the SME Finance Forum and endorsed by the G20’s Global Partnership for Financial Inclusion (GPFI) in Phnom Penh, Cambodia. NMB Bank JASIRI Bond was named the Platinum Winner of the Sustainable Bond of the Year Category, at the 2022 Global SME Finance Forum Awards.

The Award Winning NMB’s JASIRI Bond was viewed by a panel of more than 100 Judges as well targeted, well-designed and fills a space genuinely not served by conventional finance. It excellently aligns with the United Nations’ Sustainable Development Goals and the International Capital Market Association’s Social Bond Principles.

In her acceptance speech, Ms. Ruth Zaipuna, the CEO of NMB Bank Plc stated that, ‘At NMB Bank, we are committed to make finance work for economic development of Tanzania. Our JASIRI Bond which seeks to bridge the financing gap facing women owned and led MSMEs, underscores this commitment. The Bond achieves desired impact of driving economic empowerment of women and addressing SDGs 1, 5 and 10.

She added ‘This Award is a historic moment for the Tanzania Banking sector, as it positions our Country in the global sustainability leadership map. The Jasiri Bond sets a new benchmark for the country and the African continent in the development of alternative asset class for domestic and International Investors.

Ms. Ruth Zaipuna dedicated the award to NMB Bank staff, Partners, Investors and Regulators for their contribution in the remarkable success of the Jasiri Bond.

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