Dar es Salaam, Tanzania - Monday, 23 March 2026: Stanbic Private Banking has been recognised globally with three prestigious Euromoney awards for 2026: Best International Private Bank, Best Bank for Next Generation, and Best Bank for Client Service. This achievement highlights Stanbic’s commitment to helping Tanzanian clients build, grow, and sustain wealth across generations.
The awards, presented at the Euromoney Private Banking Awards 2026 in London, followed a rigorous assessment by an independent panel of industry experts. They come at a time when Tanzania’s economy continues to expand, with projected growth of 5–6%, according to the Bank of Tanzania, alongside sustained increases in private sector credit and investment.
Supporting Tanzania’s Growing Wealth
As the country’s economy evolves, a new generation of entrepreneurs, professionals, and family businesses is seeking structured solutions to preserve and transfer wealth. Small and medium enterprises (SMEs) play a significant role in Tanzania’s economy, contributing substantially to employment and economic growth, according to the Ministry of Finance.
The three Euromoney awards reflect key areas shaping this transformation:
- Best International Private Bank: Recognises Stanbic’s ability to connect Tanzanian clients to global markets, enabling them to grow their wealth beyond local boundaries while maintaining strong domestic foundations. This is the second consecutive year Stanbic has received this award.
- Best Bank for Next Generation: Highlights the growing importance of preparing heirs and young leaders to manage wealth responsibly as family businesses transition to new generations.
- Best Bank for Client Service: Underscores the value of long-term relationships, trust, and personalised advisory services in supporting clients through complex financial decisions over time.
Insights from Stanbic Leadership
Manzi Rwegasira, Chief Executive of Stanbic Bank Tanzania, said:
“In Tanzania, wealth is rarely created for the individual alone. It supports families, enables businesses, and contributes to communities. As more wealth is created, there is a growing need to ensure it is preserved, structured, and passed on effectively. This recognition reflects the work we are doing with our clients to support that journey.”

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