STANBIC BANK NAMED TANZANIA’S BANK OF THE YEAR

Officials from Standard Bank Group and The Banker Magazine, pose for a souvenir photo soon after the former was named Regional Bank of the Year for Africa at a recent gala awards dinner hosted in London.

Standard Bank Group also recognised for excellence in 5 other African markets

Dar es Salaam, Tanzania, 14 December 2016: The Banker Magazine, the world’s longest running international banking publication, named Stanbic Bank Tanzania as Tanzania’s “Bank of the Year 2016”, at a recent gala awards dinner hosted in London.

Stanbic Bank Tanzania is a member of the Standard Bank Group, which was simultaneously named Regional Bank of the Year for Africa and also scooped Bank of the Year accolades in Botswana, Malawi, South Africa, Swaziland and Uganda.

The Banker’s judging panel reported that the Standard Bank Group’s operations in all six African countries had made the most progress over the 12 months, not only in terms of strong financials, but also in the wide range of initiatives which the banking group undertook during this period.

In particular, the awards recognised the strong management, sound business model and clear and effective strategy delivered consistently by the banking group across multiple jurisdictions.

Stanbic Bank Tanzania Chief Executive, Ken Cockerill said: “We are delighted to have received these awards, which recognise our on-going investment in improving the customer experience.”

“Our customers are at the heart of everything we do, and our focus during the year was on building our relationships with our customers and getting a better understanding of their needs.” he added.

Standard Bank Group, Africa’s largest bank by assets, is present in 20 markets across the continent and in major global financial centres.

The banking group focuses exclusively on Africa, blending its global capabilities with local insights through established relationships that deliver a truly universal banking proposition to private, wealth, business, corporate and sovereign clients across the continent.

The Industrial and Commercial Bank of China (ICBC), the world’s biggest bank, holds a 20% stake in Standard Bank Group. Through ICBC Standard Bank Group provides renminbi trading capabilities across the continent, linking Africa with the world’s fastest growing economies.

“These awards are a reflection of our commitment to Africa and to the shared future that we intend to create for our customers, our people and all our other stakeholders.” said Cockerill.

About Stanbic Bank Tanzania

Stanbic Bank Tanzania is part of the Standard Bank Group, Africa’s largest bank by assets. Stanbic Bank Tanzania provides the full spectrum of financial services. It’s Corporate and Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate and Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.

Stanbic Bank’s corporate and investment banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.

Stanbic Bank Tanzania’s personal and business banking unit offers banking and other financial services to individuals and small-to-medium enterprises. This unit serves the increasing need among Tanzania’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.