Standard Chartered Bank Tanzania Limited has been named the ‘The Best Bank in Tanzania’ at the 2011 Euromoney Awards for Excellence.
The Euromoney awards are an industry benchmark for high quality products and services in all areas of commercial and investment banking across the globe.
A statement issued by the bank sais the country specific Best Bank awards covered the last financial year, 2010, with a focus on various aspects such as financial highlights, specific achievements registered in the year, innovation in products and services, investment in technology and people, as well as corporate social responsibility activities.Jeremy Awori, the bank’s chief executive officer, said that he is delighted that his bank has won this award for the third time thereby recognising its commitment to its customers and community at large.
“We are naturally delighted to have won this level of international recognition for our banking services and operations. It acknowledges the quality and dedication of our staff and our commitment to our customers and the community at large. To have won this award, for the third time, is especially gratifying and it resonates well with our brand promise, Here for good. The accolade is a validation of our solid heritage and impressive performance,” Awori said in the statement.
The last financial year, 2010, saw major developments at the bank. It delivered a strong performance with total revenues and assets increasing significantly, the statement said, adding that the bank also continued to lead the way in Tanzania through various product innovations and systems upgrades geared towards offering exceptional experience to its customers.
During the year the bank introduced a number of new products and services such as Hifadhi Account which is geared towards helping build a savings culture in the country and covers a wider segment of the country’s population.
The bank also introduced Employee Privilege Banking, a packaged solution to meet the personal banking needs of management members and employees of various organisations and companies banking with StanChart. Also launched was the bank’s Priority Banking and the country’s first ever Visa Infinite Debit Card.
The card is a new elite category of Visa debit cards that combines exceptional benefits and higher purchasing power across the globe and is the most comprehensive payment card available by Visa.
The bank also launched the ‘Women in Business Resourcing Centre’ geared towards empowering the gender by offering financial literacy thereby enabling them to make sound business decisions, it said.
Investments were also made in technology and people leading to an upgrade of the bank’s core electronic branch banking system and development of local talent respectively.
Also unique in the year was the bank’s commitment to support communities through various initiatives.
The bank’s Seeing is Believing project geared towards raising USD800,000, approximately 1.2bn, to tackle avoidable blindness in Tanzania was exceptional, the statement said.
This year the Group has also received three Pan-African awards from Euromoney where it was named the Best Investment Bank in Africa, Best Project Finance House in Africa and the Best Flow House in Africa.
Other awards won by the Bank this year include: Best Investment Bank in Middle East, Best Project Finance House in Middle East, Best Cash Management House in Asia and Best Bank in Hong Kong.
This is the third time for the bank in Tanzania to win the Euromoney Award. Past wins were in 2005 and 2006, the statement said.
SOURCE: THE GUARDIAN
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