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 Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

, and is a wholly owned subsidiary of

Standard Chartered Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 9 ...

. It is one of the banks licensed by the Bank of Tanzania, the national banking regulator. 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).

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).

Ownership

Stanchart Tanzania is a subsidiary of the Standard Chartered Bank Group, an International financial services

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, headquartered in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

in the

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, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people. The

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of the Standard Chartered Bank Group is listed on the

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, the

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and the

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Branch Network

, 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): # Main Branch - International House Building, Shaaban Robert Street at Garden Avenue,

Dar es Salaam Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

# NIC Branch - NIC Life House Building, Sokoine Drive at Ohio Street,

# Shoppers Plaza Branch - Shoppers Plaza Building,

Mikocheni Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

, Old Bagamoyo Road,

# Kariakoo Branch - Narung’ombe Street,

Kariakoo Kariakoo is a ward in the Ilala District of Dar es Salaam, Tanzania. It has a population of 9,405 (2002). The name derives from a corruption of the British " Carrier Corps", that used to be based in this area. Today, Kariakoo is mainly known for ...

# Mwanza Branch - Chama Cha Mapinduzi Building, Makongoro Road, Mwanza # Moshi Branch - 98 Rindi Lane Road, Moshi # Arusha Branch - Sykes Building, Goliondo Road, Arusha

References

{{Standard Chartered Banks of Tanzania Economy of Dar es Salaam Banks established in 1911

History

Ownership

Branch Network

See also

References