Stanbic Bank Tanzania Named Best Bank for 2025

Dar es Salaam – Stanbic Bank Tanzania has been recognized as the Best Bank in Tanzania for 2025, marking the eighth time the financial institution has received this prestigious honor. The award acknowledges the bank’s strong financial performance, innovative solutions, and significant contribution to national development.

The recognition follows a comprehensive evaluation of banks across Africa and reinforces Stanbic’s position as one of the country’s most consistent and reliable financial institutions.

The award 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 across Tanzania.

By June 2025, the bank had deployed more than $1 billion (approximately Sh2.5 trillion) in development finance to support Tanzania’s industrialization agenda.

The funding contributed to major national projects such as port modernization, power grid expansion, and investments along the liquefied natural gas value chain.

Stanbic’s social impact was also highlighted, with the bank reaching more than two million Tanzanians in 2025 through corporate social investment programmes focused on education, health, environmental sustainability, and financial literacy.

The 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 honored 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.

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.

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 the institution continues its expansion, deepens client engagement, and increases investment in digital and sustainable finance.