Stanbic Bank Tanzania has re-located and re-opened its full-service branch in Kariakoo following the fire outbreak at Kariakoo market where the branch was initially located and impacted.
The branch is now located at Plot no 24, Block “56”, Narung’ombe/Sikukuu Street, Kariakoo area.
The launch ceremony was graced by the guest of honor H.E. Amos Makalla, Regional Commissioner of Dar es Salaam.
Speaking during the launch, Stanbic Bank Tanzania Chief Executive Kevin Wingfield said the move was strategic and meant to continue serving the SMEs located in Kariakoo and nearby areas.
“Our Kariakoo Branch has existed for over 10 years. We have chosen to stay in the Kariakoo area because we understand the importance of the contribution of SMEs in Kariakoo to the national economy as well as neighboring countries.”
Mr. Wingfield added that through this newly located branch, the bank will continue addressing the unique financial needs of its customers including individuals, entrepreneurs, and businesses, as well as showcase its products and services to a whole new set of potential customers within the footfall of the branch.
Commenting on the opening of the new branch, Hon. Makalla applauded Stanbic Bank for their continuous efforts to ensure that Kariakoo residents receive convenient financial services: “I congratulate Stanbic Bank for re-opening this branch, I believe the resident here will benefit abundantly from your services.”
Commenting on the launch, Stanbic Bank Head of Consumer and High Net Worth Clients, Omari Mtiga, said that with a rich history of over 25 years of operation in Tanzania, Stanbic Bank has a wealth of expertise and capabilities to spur investment within Tanzania and the region in particular. He said customers will enjoy the expertise of a team of financial experts committed to assisting them to make the best of their banking experience.
Stanbic Bank Tanzania is part of the Standard Bank Group, Africa’s largest banking group by assets, is present in 20 markets across the continent and major global financial centers
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.
In 2021, Stanbic Bank Tanzania was recognized for the second consecutive year as “Bank of The Year in Tanzania“.