| Standard Chartered Bank Tanzania | |
| Type: | Subsidiary |
| Location City: | Dar es Salaam |
| Location Country: | Tanzania |
| Num Employees: | 337 (2011) |
| Assets: | US$793.1 million (TZS:1.24 trillion) (2011) |
| Industry: | Financial services |
| Products: | Loans, Checking, Savings, Investments, Debit Cards |
| Parent: | Standard Chartered Bank |
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]
The bank serves retail customers, corporate customer, and medium to large business enterprises., 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]
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]
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.
, 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]