Standard Chartered Tanzania

Last updated
Standard Chartered Bank Tanzania
TypeSubsidiary
Industry Financial services
Founded1917;106 years ago (1917)
Headquarters
Dar es Salaam
,
Tanzania
Products Loans, Checking, Savings, Investments, Debit Cards
Total assets US$793.1 million (TZS:1.24 trillion) (2011)
Number of employees
337 (2011)
Parent Standard Chartered Bank
Website www.sc.com/tz

Standard Chartered Tanzania, whose official name is Standard Chartered Bank Tanzania Limited, but is often referred to as Stanchart Tanzania, is a commercial bank in Tanzania, and is a wholly owned subsidiary of Standard Chartered. It is one of the banks licensed by the Bank of Tanzania, the national banking regulator. [1]

Contents

The bank serves retail customers, corporate customer, and medium to large business enterprises. As of December 2011, it was the fifth-largest commercial bank in Tanzania, by assets, with an estimated asset base of US$793.1 million (TZS:1.24 trillion). [2]

History

The bank was established in 1911. In 1967 its assets were nationalized, but was returned to its current owners in 1992. Stanchart Tanzania focuses on the following banking sectors: (a) agriculture (b) trading and (c) manufacturing. It also maintains a department solely devoted to small-to-medium enterprises (SMEs). [3]

Ownership

Stanchart Tanzania is a subsidiary of the Standard Chartered Bank Group, an International financial services conglomerate, headquartered in London in the United Kingdom, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people. [4] The stock of the Standard Chartered Bank Group is listed on the London Stock Exchange, the National Stock Exchange of India and the Hong Kong Stock Exchange.

Branch Network

As of December 2011, Standard Chartered Bank Tanzania operates a network of seven (7) branches, in the following locations and controls a network of eight (8) Automated Teller Machines (ATMs): [5]

  1. Main Branch - International House Building, Shaaban Robert Street at Garden Avenue, Dar es Salaam
  2. NIC Branch - NIC Life House Building, Sokoine Drive at Ohio Street, Dar es Salaam
  3. Shoppers Plaza Branch - Shoppers Plaza Building, Mikocheni, Old Bagamoyo Road, Dar es Salaam
  4. Kariakoo Branch - Narung’ombe Street, Kariakoo, Dar es Salaam
  5. Mwanza Branch - Chama Cha Mapinduzi Building, Makongoro Road, Mwanza
  6. Moshi Branch - 98 Rindi Lane Road, Moshi
  7. Arusha Branch - Sykes Building, Goliondo Road, Arusha

See also

Related Research Articles

Transport in Tanzania includes road, rail, air and maritime networks. The road network is 86,472 kilometres (53,731 mi) long, of which 12,786 kilometres (7,945 mi) is classified as trunk road and 21,105 kilometres (13,114 mi) as regional road. The rail network consists of 3,682 kilometres (2,288 mi) of track. Commuter rail service is in Dar es Salaam only. There are 28 airports, with Julius Nyerere International being the largest and the busiest. Ferries connect Mainland Tanzania with the islands of Zanzibar. Several other ferries are active on the countries' rivers and lakes.

Azania Bank Limited, whose formal name is First Adili Bancorp Limited, and is commonly referred to as Azania Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania (BOT), the central bank and national banking regulator.

Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the central bank and national banking regulator.

<span class="mw-page-title-main">I&M Bank Tanzania Limited</span> Commercial bank in Tanzania

I&M Bank Tanzania Limited is a commercial bank in Tanzania headquartered in Dar es Salaam and a subsidiary of Kenyan based I&M Bank Group. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

Exim Bank (Tanzania) (EBT), is a commercial bank in Tanzania, the second-largest economy in the East African Community. The bank is licensed by the Bank of Tanzania, which is the country's central bank and national banking regulator.

Bank M was a commercial bank in Tanzania. It was licensed by the Bank of Tanzania, the country's central bank and national banking regulator, to engage in commercial banking.

<span class="mw-page-title-main">Akiba Commercial Bank</span> Tanzania Bank based in Dar es Salaam

Akiba Commercial Bank (ACB) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

Dar es Salaam Community Bank (DCB), whose official name is DCB Commercial Bank, but is commonly called DCB Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

Commercial Bank of Africa (Tanzania)(CBAT) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator. The bank is a subsidiary of the Commercial Bank of Africa Group and has its headquarters in Nairobi, Kenya.

<span class="mw-page-title-main">Mkombozi Commercial Bank</span> Tanzanian banking and financial service corporation

Mkombozi Commercial Bank Plc. is a commercial bank in Tanzania. It is licensed by Bank of Tanzania, the central bank and national banking regulator. Mkombozi is a Swahili word meaning Savior

<span class="mw-page-title-main">People's Bank of Zanzibar</span> Commercial bank in Tanzania

The People's Bank of Zanzibar (PBZ) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

<span class="mw-page-title-main">TIB Development Bank</span>

TIB Development Bank, formerly known as Tanzania Investment Bank (TIB), is a government-owned development bank in Tanzania. The bank is the first development finance institution established by the Government of Tanzania. The activities of TIB are supervised by the Bank of Tanzania, the central bank and national banking regulator. TIB is registered as a Registered Financial Institution.

<span class="mw-page-title-main">NCBA Bank Tanzania</span> Tanzanian commercial bank

NCBA Bank Tanzania Limited, is a merged bank between Commercial Bank of Africa (Tanzania) and NIC Bank Tanzania. It is a commercial bank in Tanzania licensed by the Bank of Tanzania, the central bank and national banking regulator.

Letshego Bank Tanzania Limited, commonly known as Letshego Bank is a commercial bank in Tanzania, licensed by Bank of Tanzania, the central bank and national banking regulator.

First National Bank Tanzania (FNBT), is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator. It is a subsidiary of South Africa-based FirstRand Group.

<span class="mw-page-title-main">Absa Bank Tanzania</span> Commercial bank in Tanzania

Absa Bank Tanzania Limited (ABT), formerly Barclays Bank Tanzania Limited, is a commercial bank in Tanzania and a subsidiary of South Africa-based Absa Group Limited. ABT is licensed by the Bank of Tanzania, the country's central bank and national banking regulator.

Tanzania Women Bank Limited (TWBL) is a Tanzanian bank that specialises in providing financial services to women. It is listed as a "Registered Financial Institution" by the Bank of Tanzania, the central bank and national banking regulator.

<span class="mw-page-title-main">Smile Communications Tanzania</span>

Smile Communication Tanzania Ltd is a telecommunications network company in Tanzania. It was registered in July 2009 and began commercial operations in May 2013. The company is a subsidiary of Smile Telecoms Holdings, a South African telecommunications conglomerate, whose subsidiaries include: (a) Smile Telecom (Nigeria) (b) Smile Telecom (Tanzania) (c) Smile Telecom and (d) Smile Telecom (Uganda). Smile's first country of operation in Africa was in Tanzania. Smile Tanzania was the first company to launch commercial 4G LTE services in Tanzania and began its operations in the city of Dar es Salaam.

Amana Bank is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

The Bank of Baroda Tanzania Limited (BBTL), also known as the Bank of Baroda Tanzania, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.

References

  1. ↑ List of Licensed Commercial Banks in Tanzania
  2. ↑ Stanchart Tanzania December 2011 Total Assets
  3. ↑ "About us - Standard Chartered Bank Tanzania". www.standardchartered.com. Retrieved 2017-09-03.
  4. ↑ "Redirect". www.standardchartered.com. Retrieved 2017-09-03.
  5. ↑ "ATMs & Branches - Standard Chartered Bank Tanzania". www.standardchartered.com. Retrieved 2017-09-03.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.