Standard Chartered Tanzania

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Standard Chartered Bank Tanzania
Private
Industry Financial Services
Founded 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)
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]

Overview[edit]

Stanchart Tanzania serves corporate clients, retail customers and medium to large business enterprises. As of December 2011, it is 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[edit]

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[edit]

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[edit]

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[edit]

References[edit]

External links[edit]