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Standard Chartered Bank Tanzania and Tanzania Postal Bank

partner to enhance Customer Service

27th June, 2016, Dar es Salaam - Standard Chartered Bank Tanzania Limited has
expanded its reach to thirty more branches countrywide through a strategic
partnership with Tanzania Postal Bank.
Speaking at a press conference to announce the two banks strategic partnership,
Standard Chartered Banks Head of Transaction Banking, Mr. Chima Mbanefo, said
that his bank has embarked on the strategic partnership to enable its customers to
have enhanced business activities through having additional channels for their
business operations. Banking our clients entire ecosystem is a key goal for Standard
Chartered. This initiative will help us provide for the banking needs of our clients
entire ecosystem, which will be achieved by expanding our reach through this
While the bank boasts of great digital capabilities with continued enhancement on its
online and mobile banking platforms, this partnership is seen to offer alternative
banking solutions that cater for diversified needs of its clients. The partnership is
expected to ease the process of doing business for Standard Chartered Banks clients
and their partners by expanding the branch network, thus improving efficiency and
speed of service.
For a start, the two banks agreed to create a common platform that connects Standard
Chartered with sixty Tanzania Postal Bank branches covering various regions in
Tanzania. Both organizations have taken necessary measures to ensure high level of
security on the platform, therefore, giving a clients comfort in terms of safety and
confidentiality of their transactions. Mr. Mbanefo added that once funds are deposited
at a Tanzania Postal Bank branch, the amount is reflected in the receivers account
within one and a half hours of the deposit.
On his part, Mr. Jema Msuya, Tanzania Postal Banks Director of Technology and
Operations hailed its banks partnership with Standard Chartered Bank noting that his
banks customers will also benefit from the initiative. Some of our customers carry out
business activities with Standard Chartered Banks account holders. This initiative will,
therefore, further enhance business activities amongst the two banks account

Mr. Msuya also added that he was pleased with the partnership given his banks wide
network in Tanzania. Our bank has over 30 full-fledged and 30 Mini branches in
Tanzania. Our partnership with Standard Chartered Bank will cover regions such as
Mbeya, Tabora, Bukoba and Dodoma.
The two banks officials called upon its customers and the public to leverage on the
partnership thus enhancing their business activities.

For further information please contact:

Juanita Mramba
Head of Corporate Affairs,
Standard Chartered Bank Tanzania,
Tel: 2122160
Notes to editors:
Standard Chartered leading the way in Asia, Africa and the Middle East
We are a leading international banking group, with around 84,000 employees and a
150-year history in some of the worlds most dynamic markets. We bank the people
and companies driving investment, trade and the creation of wealth across Asia, Africa
and the Middle East. Our heritage and values are expressed in our brand promise,
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Standard Chartered Africa

Standard Chartered has operated in Africa for over 150 years and the region remains
a core part of the Banks Group Strategic Intent. Standard Chartered Bank has over
170 branches in 16 African countries and over 7,000 staff. Standard Chartered Africa
is a highly respected, well established household name, with deep-rooted local
knowledge and experience. The Bank also has a unique international footprint which
enables it to facilitate the growth of international trade corridors between Africa and
the rest of the world. And with world-class suites of products, services, distribution
channels and systems, the Bank provides customers with increasingly sophisticated
and pioneering banking services unrivalled in Africa.
Standard Chartered Tanzania
Standard Chartered Tanzania Ltd. first opened its doors to the public in Tanzania in
1917 and, following a period of nationalisation, re-opened again in 1993 as the first
foreign bank to obtain a licence under the economic reform programme. We now have
three branches in Dar es Salaam and one Electronic Banking Unit. We also have
branches upcountry in Mwanza and Arusha with one branch each. Our Head Office is
located at International House Property, Corner Shaaban Robert / Garden Avenue,
Dar es Salaam.
The bank aims to offer its customers innovative products and excellent service, which
compete with the best in the world. Independent market surveys have shown Standard
Chartered Bank Tanzania to have the best service, and to be the most innovative bank
in Tanzania.
The Bank has won the prestigious Bank of the Year award by The Banker Magazine
four times consecutively in 2002, 2003, 2004, 2005 and 2007. The Bank also won the
award again recently in 2010. This latest achievement confirms the banks consistency
and excellence in business performance.

Locally, the Bank has won the Employer of the Year Award twice In 2006 and 2008,
and was the first runner-up in 2009. This prestigious award is determined and
presented by the Association of Tanzania Employers ATE.
The Bank is enthusiastic about the country and is committed to supporting economic
growth through its various banking products and services as well as its corporate
social responsibility agenda.