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Badilisha Lugha KISWAHILI

Stanchart Bank keen to back SMEs, agriculture

19th March 2012

Tanzanians have been assured of support in their businesses (particularly small ones) by the Standard Chartered Bank management.

The assurance to that end has been made in Dar es Salaam by the Bank’s Africa region Head of Origination and Client Coverage Department, Stephen Priestley, when speaking to reporter in during his two-day official visit to the bank in the country last week.

He said his bank is very keen in supporting small and medium enterprises given that with proper financial services, the SMEs can grow into big corporate entities."

On the agricultural, he said his bank "...is in the forefront in supporting the sector" and that "it has been supporting it at different levels starting with crop cultivation, farm implements supply including machinery and fertilizers and in marketing the produce.”

During his two day visit he met with corporate customers, staff and Finance ministry officials.

Standard Chartered Bank Tanzania Limited first opened its doors to the public in 1917 and following a period of nationalisation, reopened again in 1993 as the first foreign bank under the economic reform programme."

As for its performance it was also revealed that it has won the prestigious Bank of the year award by the Banker Magazine four times consecutively since 2001.


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