The Latest

Stanbic Bank Tanzania Awarded Best Custodian Bank by DSE

October 6, 2016
1 minute read
dse stanbic Tanzania award

The Dar es Salaam Stock Exchange (DSE) has awarded Stanbic Bank Tanzania “Best Custodian Bank” in the country.

The announcement was made during the DSE Members’ Awards Winners ceremony held for the first time in Dar es Salaam on September 30th 2016.

Through this initiative the DSE recognizes and awards its members for good corporate governance, investor protection, sustainable growth of their businesses, engagement with investors and the public, as well as good fundamental performance and corporate social responsibilities.

Stanbic Bank Tanzania is a full service commercial bank which specializes in providing facilities and services to public and private sector corporations, diplomatic missions and international organizations.

Ken Cockerill, CEO at Stanbic Bank Tanzania, said in a recent interview with TanzaniaInvest: “Our focus [in Tanzania] is on all the key growth sectors: agriculture, telecommunications, oil and gas, power and infrastructure, fast-moving consumer goods etcetera. […]We see Tanzania as an important growth opportunity.”

Stanbic Bank Tanzania is a member of the Standard Bank Group (JSE:SBK) of South Africa, the largest African bank by assets, operating in 20 countries across Africa.

Want to know more about Banking in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Banking, plus regulations, key sectors, and investment opportunities—all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
Bank of Tanzania Financial Stability Index 2014-2025
Read More

Tanzania Banking Assets Up 23.8%, Capital Markets Up 35.1%, Social Security Up 21.4%, Insurance Up 6.8% in 2025

The Bank of Tanzania Financial Stability Report for 2025 shows banking sector total assets grew 23.8% to TZS 76,975 billion, private sector credit expanded 23.5% with mining up 30.1% and trade up 29.4%, and the non-performing loans ratio fell to 2.8%, the lowest in the East African Community. Total capital market investment rose 35.1% to TZS 63,096.4 billion, social security assets grew 21.4% to TZS 25,921 billion, insurance assets rose 6.8% to TZS 2,633.6 billion, and foreign reserves stood at USD 6,312 million covering 5.2 months of imports.
Central Bank of Tanzania BOT CBR Interest Rate Q2 2026
Read More

BOT Keeps Tanzania Central Bank Rate at 5.75% for Q2 2026; GDP Growth Reached 6.2% in Q1 2026, Driven by Construction, Agriculture, Financial Services, and Tourism

The Bank of Tanzania (BOT) recently released its Monetary Policy Report of April 2026, in which it indicates that the Monetary Policy Committee (MPC) decided to keep the Central Bank Rate (CBR) at 5.75% in Q2 2026. The decision reflects a cautious policy stance aimed at balancing the risks to inflation and economic growth outlook, in the face of the current unprecedented geopolitical tensions in the Middle East.
Tanzania banking sector performance Q1 2026
Read More

Tanzania Banking Sector Q1 2026 Performance: Net Profit Up 16% to TZS 671 Billion, Top Five Banks Hold 60–65% of Assets

Tanzania's banking sector recorded net profit after tax of TZS 671 billion in Q1 2026, up 16% from TZS 580 billion in Q1 2025, on total assets of TZS 84.6 trillion, according to AML Finance Limited. CRDB profit rose 19% to TZS 206 billion and NMB reached TZS 193 billion, while the top 5 banks now hold 60–65% of total sector assets, with average ROE at 10.6% and NPL at 6.5%.

Want to know more about investing in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers key sectors, regulations, and investment opportunities—all in one place.

Download Free Guide