Dar bank honoured for serving customers

Stanbic Bank Tanzania has been made aware of the Parliamentary report regarding IPTL and the Tegeta Escrow account and the associated suggestion that the Bank might have permitted money laundering through banking an affected party. 

We are satisfied that Stanbic Bank Tanzania has complied with all of its anti-money laundering obligations and co-operated fully with the authorities in their investigations. We wish to reassure our customers that Stanbic Bank Tanzania has stringent and robust...

The inaugural Best Board Leadership Award (BBLA) for the banking and insurance will be held in Dar es Salaam tomorrow, involving seven institutions.

>CRDB Bank and Heritage Insurance emerged winners of the Best Board Leadership Award 2014 aimed at covering the financial sector.

It was all cheers as VisionFund Tanzania, a new banking facility, was officially inaugurated in Arusha the other week with prospects that it would boost small businesses and reach out to rural farmers.

>Managers at Twiga Bancorp, were yesterday taken to task over ‘ghost customers’ whose loan interest was shown as amounting to Sh584 million that could also not be accounted for.

>Clients with Maendeleo Bank will now no longer be required to move with hard cash to and from the branches as they can easily make financial transactions electronically via their mobile phones.

Banks And Fintech Companies Accepting Paycheck Protection Program Loan Applications From New And Non-Bank Customers  ForbesEntrepreneurs Review the SBA PPP Loan-Application Processes  EntrepreneurSen. Collins on Paycheck Protection Program  NEWS CENTER MaineThe PPP won't deliver the support small businesses need | TheHill  The HillSmall Business Loan Approval Rates Plummeted In March 2020  ForbesView Full coverage on Google News

>The state power utility firm, Tanzania Electric Supply Company Limited (Tanseco), is planning to connect about half a million new customers in Dar es Salaam alone, thanks to a number of new projects that are nearing completion.