Why Stanbic is named Tanzania's Best Bank for 2025
Stanbic Bank Tanzania Head of Brand & Marketing, Neemarose Singo, shortly after receiving Tanzania’s 2025 Bank of the Year award at The Banker Awards, hosted under Financial Times, during a ceremony held in London, United Kingdom recently. She is pictured with other leaders from Stanbic Bank Tanzania team and event organisers. PHOTO | COURTESY
Dar es Salaam. Stanbic Bank Tanzania has been named Best Bank in Tanzania for 2025 by The Banker, the Financial Times’ global banking publication, in recognition of its strong financial performance, innovation and contribution to national development.
The award follows a rigorous evaluation of banks across Africa and marks the eighth time Stanbic has received the honour, reinforcing its position as one of the country’s most consistent financial institutions.
According to The Banker, the recognition reflects Stanbic’s leadership in financing critical sectors, including energy, infrastructure and logistics, as well as its continued support for small and medium-sized enterprises.
By June 2025, the bank had deployed more than $1 billion (approximately Sh2.5 trillion) in development finance to support Tanzania’s industrialisation agenda.
The funding contributed to major national projects such as port modernisation, power grid expansion and investments along the liquefied natural gas value chain.
The UK-based publication also cited Stanbic’s social impact, noting that the bank reached more than two million Tanzanians in 2025 through corporate social investment programmes focused on education, health, environmental sustainability and financial literacy.
Its Stanbic Biashara Incubator supported nearly 5,000 entrepreneurs, strengthening enterprise resilience, clean-energy adoption and regional trade participation.
Stanbic Bank Tanzania chief executive Manzi Rwegasira said the award reflected both the bank’s legacy and its future ambitions.
“As part of Standard Bank Group, we are honoured to receive this recognition.
It affirms the impact of our 30-year journey in Tanzania and our commitment to driving growth through investment in energy, trade and infrastructure, while expanding financial access through digital solutions,” he said.
Speaking after the award ceremony in London, head of brand and marketing Neemarose Singo said the achievement acknowledged the dedication of the bank’s staff and the trust of its customers.
“This recognition reflects our discipline, innovation and focus on supporting businesses, families and communities across the country,” she said.
Ms Singo added that 2025 had been a defining year for the bank, marked by branch expansion, increased use of digital banking and continued support for national development priorities.
The award marks another milestone in Stanbic’s three-decade presence in Tanzania as it looks ahead to further expansion, deeper client engagement and increased investment in digital and sustainable finance.
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