STANBIC BANK TANZANIA INTRODUCES UHURU BANKING WITH ZERO MANAGEMENT FEES

Stanbic Bank Head of Personal Market, Musa Kitoi launching the Bank's Uhuru Banking offering with no management fee at Center Branch in Dar es Salaam. Flanking with him is Desideria Mwegelo, Stanbic Bank Head of Marketing and Corporate Affairs and Grace Hayuma, Team leader, Customer Service.

Stanbic Bank Head of Personal and Business Banking, Brian Ndadzungira speaks to the Bank's staff and customers at Center branch during the launch of Uhuru banking, the new preposition with no management fee.

1 November 2018 - Stanbic Bank Tanzania has launched Uhuru Banking, a new, digitized and simplified way of banking for the Tanzanian market. The name ‘Uhuru’ reflects the unique offering which provides customers an account with no monthly management fees, a gold visa debit card that can be used globally and more freedom to transact through its self-service channels on mobile devices.

Following feedback from its customers, the bank has enhanced its Personal Banking offer that previously segmented accounts as Silver, Gold and Blue. The new offer streamlines the accounts into Uhuru Banking and empowers the customer with the freedom and flexibility over their transactions on digital platforms. “Uhuru banking is a response to feedback we received from our customers on our products and services. Our customers are at the heart of everything we do at Stanbic and we are committed to empowering their financial success, said Brian Ndadzungira, Head of Personal and Business Banking.

Tanzania’s young and vibrant population demands products that fit their lifestyle; customers can have tailor-made financial services with Uhuru banking. “This proposition aims to make progress real for Tanzanians helping them to move forward with their financial goals.” Brian added.

Tanzania’s banking sector has evolved over the years, with more than 20 years under its belt, Stanbic Bank Tanzania continues to deliver exclusive and tailored ‘best in class’ products for the Tanzanian market.

Note to Editors

Stanbic Bank Tanzania is part of the Standard Bank Group, the largest African bank by assets with its headquartered in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock

Exchange, share code SNB. Standard Bank has a 155-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.

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 Corporate Affairs
E-mail: MwegeloD@stanbic.com
Phone: +255 022 219 6382