[1] Mkombozi is a Swahili word meaning Savior[2] The bank is a small commercial bank that focuses on serving the lower social economic classes in Tanzania, along with their small-to-medium enterprises (SMEs).

As of December 2018[update], the bank's total asset valuation was approximately TSh 178.82 billion (US$76.94 million), with shareholder's equity of approximately TSh 23.3 billion (US$10.02 million).

The bank made a profit of TSh 806 million (US$346,835), in calendar year 2013.

Mkombozi Commercial Bank is owned by Tanzanian Catholic dioceses, parishes, and individuals of all religious persuasions.

[4] In November 2014, the bank floated its shares of the Dar es Salaam Stock Exchange (DSE), with three main objectives: (a) to raise paid-up capital, above the new statutory minimum of TSh15 billion (US$9 million), before 1 March 2015 (b) to raise funds for expanded lending and (c) to source funding for opening more branches.