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| Stanbic Bank Tanzania’s Acting Head of Private Banking, Beatrice Kisoka (third from right), shortly after receiving Tanzania’s 2026 Best International Private Banking Award at the Euromoney Private Banking Awards held in London, United Kingdom, recently. She is pictured alongside other Stanbic Bank Tanzania leaders and event organisers. |
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.
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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.”
Despite strong economic growth, financial depth in Tanzania remains relatively low, with private sector credit accounting for a modest share of GDP compared to more developed markets. This gap presents opportunities for structured financial solutions, including wealth planning and succession support.
Omari Mtiga, Head of Personal and Private Banking, added:
“Private banking is increasingly focused on long-term partnership and continuity. We work with our clients to ensure their wealth is not only preserved but also transferred in a structured and sustainable way.”
On the ground, this shift is evident in the growing conversations around governance, financial literacy, and preparing the next generation for leadership. Beatrice Kisoka, Acting Head of Private Banking, noted:
“Many clients are thinking beyond immediate success. They want continuity, stability, and long-term impact for their families, which requires structured guidance and planning.”
Connecting Clients to Global Opportunities
Beyond local advisory, Stanbic Private Banking connects clients to international markets and insights, helping them diversify portfolios and expand investments.
This recognition further reinforces Stanbic Private Banking’s position as a trusted partner for clients seeking to build, grow, and protect wealth in a way that creates lasting value beyond individual success. It also complements Stanbic Bank Tanzania’s recent accolade as Best Bank in Tanzania 2025 by The Banker, highlighting consistent excellence across its business lines.
About Stanbic Bank Tanzania
Stanbic Bank Tanzania is a leading financial services provider offering a wide range of solutions for individuals, businesses, and institutions. With a focus on sustainable investment and strategic partnerships, the bank supports Tanzania’s economic growth and regional integration. A member of the Standard Bank Group—the largest bank by assets in Africa—Stanbic connects Tanzania to Africa’s growth and global financial markets. www.stanbicbank.co.tz
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