Stanbic Bank Tanzania named ‘Best International’ private bank in Tanzania at 2025 Euromoney awards

Dar es Salaam. Stanbic Bank Tanzania has been honored with the prestigious title of Best International Private Bank in Tanzania at the 2025 Euromoney Private Banking Awards. This recognition celebrates the bank’s exceptional service and the leadership of its Private Banking Unit, reinforcing its position as a leader in wealth management in Tanzania.

The Euromoney Private Banking Awards are globally recognized for honoring institutions that excel in client service and wealth management across global, regional, and national categories. Stanbic’s win highlights its commitment to offering tailored financial solutions to high-net-worth individuals, entrepreneurs, and affluent clients, meeting their unique financial needs.

Stanbic Bank Tanzania’s Private Banking Unit has been at the forefront of providing personalized strategies and expert advice, helping clients grow and safeguard their wealth. Its client-first approach has set a new standard for private banking in Tanzania, earning it this prestigious accolade.

Omari Mtiga, Head of Personal and Private Banking, and Shangwe Kisanji, Head of Private Banking, represented the bank at the award ceremony in London on March 27, 2025. Reflecting on the achievement, they said, “This recognition is a testament to the exceptional value we provide and the deep trust our clients place in us.”

Celebrating 30 years of excellence in Tanzania

This accolade comes at a significant time as Stanbic Bank Tanzania celebrates its 30th anniversary in the country. Over the past three decades, the bank has combined local expertise with global insights to provide world-class financial solutions. From investment services to estate planning, family banking, insurance, and cutting-edge digital banking, Stanbic continues to set the benchmark for private banking in Tanzania.

Chief Executive Officer Manzi Rwegasira expressed pride in the award, stating, “This recognition is especially meaningful as we celebrate 30 years in Tanzania. Our focus has always been on putting clients at the center of our strategy and delivering solutions tailored to Tanzania’s unique needs. We remain committed to deepening relationships, driving innovation, and contributing to national development.”

He added, “We take pride in our work with local businesses and entrepreneurs. This award reflects our commitment to creating tailored financial solutions that empower our clients and contribute to the country’s economic growth.”

Stanbic group’s continental recognition

In addition to the Tanzanian award, Stanbic Group was named Best Private Bank in Africa** and *Best Private Bank for Client Education by Global Finance in 2025. These continental accolades further solidify Stanbic’s position as a leader in private banking across Africa, highlighting its consistent delivery of client-focused services across multiple markets.

Euromoney’s Chief Research Officer, Andrei Charniauski, praised the award winners, saying, “The 2025 winners represent the pinnacle of service and innovation in global banking. They are trailblazers, setting new benchmarks across the industry.”

A future of innovation and growth

Stanbic Bank Tanzania’s ongoing success is built on long-term client relationships, a strong focus on innovation, and meaningful contributions to Tanzania’s economic future.

As the bank looks ahead, it remains committed to providing world-class financial solutions that foster growth and prosperity for its clients and the nation.

The 2025 Euromoney Private Banking Awards reaffirm Stanbic Bank’s leadership in Tanzania and set the stage for even greater achievements in the years to come.