STANBIC BANK TANZANIA ENHANCES ITS NON-COMMERCIAL ENTITIES OFFERING

Stanbic Bank Tanzania Head of Personal and Business Banking, Brian Ndadzungira (left) hands over an appreciation gift to the Egyptian Embassy representative, Brigadier General Waheed AbdelNasser in Dar es Salaam recently, at a dinner event hosted by the bank to highlight its enhanced Non-Commercial Entities' offering.

Stanbic Bank Tanzania Head of Personal and Business Banking, Brian Ndadzungira (left) exchanges views with the Namibian High Commissioner to Tanzania, Theresia Samaria (centre) in Dar es Salaam recently, at a dinner event hosted by the bank to highlight its enhanced Non-Commercial Entities' offering. On the right is Ugandan High Commissioner to Tanzania, Richard Kabonero.

Stanbic Bank Tanzania Head of Personal and Business Banking, Brian Ndadzungira (right) and Royal Embassy of Saudi Arabia’s Financial Officer, Hamdan Hamad Alkanhal listen attentively to the banks representative highlighting the banks enhanced NCE offering in Dar es Salaam recently. On the table with them are representatives from the Egyptian Embassy, Defence Attache, Brigadier General Waheed AbdelNasser (second left) and Colonel Ahmed Salah Elfar.

At a dinner event for Embassies in Dar es salaam over the weekend, Stanbic Bank Tanzania announced its enhanced value proposition for Non Commercial Entities (NCEs) to members of the diplomatic corps, including the removal of all management fees on accounts held with the bank.

Speaking during the dinner event, the Head of Personal Business Banking (PBB), Brian Ndadzungira said, “we strive to be a one stop shop for organizations by providing a compliment of products and services tailored to the needs of our clients; our offer will have zero monthly management fees, zero fees on incoming transfers, zero monthly statement fees, an effective payment and collection systems to mitigate cash risks, tiered interest rates for USD and TZS accounts, and private banking solutions to Diplomats”.

During the event graced by more than 20 diplomats from different countries,

Stanbic Banks highlighted its African and global presence as a member of Standard Bank Group South Africa and in partnership with ICBC. The bank benefits from over 150 years’ experience and a global footprint spanning over 20 countries in leading financial centres of the world.

Stanbic bank is a customer centric bank, with a public sector focus consisting of a diverse portfolio of Embassies, Local and Provincial Government Departments, Education Institutions, Health Authorities, Non-Governmental Organizations, Professional Bodies and Religious Organizations in Tanzania and across Africa.

The portfolio is managed by dedicated and fully empowered teams with the requisite sector expertise to provide advice on specialized financial solutions.

In line with the focus on service delivery, the bank has received recognition for its outstanding services. Among these accolades is being crowned the best bank in Tanzania for the year 2017 as well as the best Custodian Bank by the Dar es Salaam Stock Exchange.

In Tanzania, Stanbic Bank established its presence in May 1995 when the Standard Bank Group acquired Meridien Biao Bank Tanzania Limited’s operations. Currently, Stanbic Bank has nine operating branches with a knowledgeable and engaged staff complement, geared towards ensuring financial success of the clients.

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.

For more information please contact;

Desideria Mwegelo
Head of Marketing and Communication
E-mail: mwegelod@stanbic.co.tz
Mobile: +255 2666430