Stanbic Bank Tanzania announced its enhanced value proposition for Non-Commercial Entities (NCEs), including the removal of all management fees on accounts held with the bank.
Speaking in Dar es Salaam at a dinner event for embassies, 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 Industrial and Commercial Bank of China.
Stanbic Bank Tanzania
Stanbic Bank Tanzania is part of the Standard Bank Group, Africa’s largest bank by assets.
The group has been operating in Tanzania under the Stanbic Bank brand since 1995 focusing on all the key growth sectors in Tanzania, including agriculture, telecommunications, oil and gas, power and infrastructure and fast-moving consumer goods.