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It is one of the banks licensed by the Bank of Tanzania, the national banking regulator. [1] 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).
Mkombozi Commercial Bank Plc; Canara Bank Tanzania Ltd; Bank of Baroda Tanzania Ltd, part of Bank of Baroda Group; Stanbic Bank Tanzania Ltd, part of Standard Bank Group; Bank of Africa Tanzania Ltd, part of Bank of Africa Group; Habib African Bank Ltd, part of Habib Bank Group; KCB Bank Tanzania Ltd, part of KCB Group; Akiba Commercial Bank Plc
Stanbic Bank building in Dar es Salaam, Tanzania. In 1995, the bank acquired the operations of the Meridien BIAO Bank and renamed it Stanbic Bank Tanzania Limited. [8] In September 2012, Stanbic Bank Tanzania secured financing worth $3 billion for Mchuchuma Iron Ore and Liganga Coal mining project in the Ludewa district of the newly created ...
NIC Bank Tanzania; People's Bank of Zanzibar; Stanbic Bank; Standard Chartered Bank ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
The Tanzania Postal Bank Act No. 11 of 1991 created the bank as a separate entity from the Tanzania Posts and Telecommunications Corporation. [5] Since attaining its independence, the bank has provided services to a much larger population than before and it has begun to provide a profit to the government.
The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993. [10] At the point of the merger, the bank was 96.31% owned by Standard Bank through Stanbic Africa Holdings Limited (SAHL) and the balance of 3.69% held by the Government of Kenya.
The bank is a member of the ICB Banking Group, a financial services conglomerate, headquartered in Schindellegi, Switzerland, with subsidiaries in Tanzania and Bangladesh. [2] In the past, ICB Banking Group owned banking subsidiaries in thirteen countries in Eastern Europe, Asia and Africa. The group has since divested from those countries ...
FBME Bank was an international commercial bank.It offered commercial banking services and products to corporate and individual clients. Its traditional banking lines included international payment services, multi-currency account, credit facilities, trade finance, forex trading facilities, internet banking and international card services.