TMRC
Tanzania Mortgage Refinance Company Limited (TMRC) is a private sector institution owned by the banks with sole purpose of supporting banks to do mortgage lending by refinancing banks' mortgage portfolios. Download Brochure
Solutions Overview
TMRC is specialized financial institution that provides long-term funding to banks by raising bonds in the capital markets. Initially TMRC will start lending to Primary Mortgage Lenders (PML) utilizing a $30 Million loan from the World Bank
Member Banks
Mode of Operations
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TMRC is a MLF which is private sector institution owned by 10 commercial banks in Tanzania. -
The 10 TMRC shareholding banks are
CRDB, AZANIA, TIB, EXIM, NMB, DCB, NIC, ABC, NBC and PBZ.
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TMRC will provide liquidity to banks that are shareholders of TMRC only.
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TMRC will neither take deposits nor lend directly to individuals.
Mortgage Liquidity Facility
Tanzania Mortgage Refinance Company (TMRC) is a Mortgage Liquidity Facility (MLF). MLF is a financial institution designed to support long term lending activities by Primary Mortgage Lenders ( PML ).