Postal Bank Tanzania
As part of the Financial Sector Reform Programme, Tanzania Postal Bank (TPB) was established by the Tanzania Postal Bank Act No.11/1991 as amended by Act No.12 of 1992. This bank became operational as a separate entity from the then Tanzania Posts and Telecommunications Corporation (TP&TC) from 1st March 1992 with its own Board of Directors and Management. It was established as a successor to the Tanganyika Post Office Savings Bank (TPOSB), which was established by the Post Office Savings Bank Ordinance of 1925 and became operational in 1927. Uhuru Card is a debit card issued by Tanzania Postal Bank that is a wallet sized plastic card with a magnetic stripe used in processing payment directly from the account at Point of Sale device (POS) or Automated Teller Machine (ATM) with TanPay Speed Cash Logo.
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STANDARD CHARTERED BANK TANZANIA LIMITED
Standard Chartered Bank’s history dates back to 1853. The Bank started in Port Elizabeth in South Africa. Since then, Standard Chartered Bank has expanded into more than 70 countries in Africa, the Middle East, Asia Pacific, South Asia, the United Kingdom, and the Americas. It has more than 1,400 branches in these regions and employs more than 70,000 people, representing some 100 nationalities. In 2003, the Bank celebrated its 150 years of operations Groupwide. In Tanzania, the Bank has been in existence since 1917 when it first opened its doors. The Bank was nationalized in 1967, but re-opened on 15th September, 1992. Today, the Bank has seven Branches of which four are in Dar es Salaam, and one each in Moshi, Arusha and Mwanza. We employ over 350 staff in Tanzania. Standard Chartered Bank has three business divisions – Consumer Banking, Origination and Client Coverage and Financial Markets. The Bank offers innovative products and services that have been tailored for the Tanzanian market. We have led the way in the banking industry by being the first to introduce a number of products and services into Tanzania. These include: The Young Supersavers Account for children under 18; “Excel” personalized banking services; Executive Accounts; the Visa Electron Debit Cards; High-Yield Deposits; the Diva Account and other Corporate and Global Markets products. Standard Chartered Bank also offers Internet Services for Corporate Customers. Our areas of focus are the Agricultural, Trading and Manufacturing sector. We also support Small and Medium Enterprises (SMEs), which drive the economic growth of the country At Standard Chartered Bank, we pride ourselves on a high level of customer service provided by enthusiastic staff members. Our Staff have been the driving force of our success. The Bank undertakes programmes to provide staff with the necessary knowledge and skills they need to cater for our esteemed customers. The Bank also places a great deal of emphasis on Sustainability. Standard Chartered Bank takes care of the environment and the communities in which we operate focusing on the areas of Youth, Health and Education. We have engaged ourselves in various Community projects, which are geared towards the development of the country. Since 2002 Standard Chartered Bank Tanzania Limited has donated more than USD 600,000 to various community initiatives. We have donated towards Children’s Homes, and Water and Irrigation projects in different regions of the country. Through its commitment to the community, the Bank has benefited thousands of people in Tanzania. The Bank is also at the forefront of combating the HIV/AIDS pandemic. Last year, Standard Chartered Bank Tanzania Limited hosted a HIV/AIDS workshop for its SME customers. In addition to observing a Group-wide HIV/AIDS Day, whereby staff are sensitised about the pandemic, The Bank in Tanzania has also donated over USD 10,000 towards a fish-farming project to provide alternative sources of funds for ex-commercial sex workers at the Mererani mines in Arusha, thus reducing the spread of HIV/ AIDS. What next?
In our more than 10 years of building our presence in Tanzania, Standard Chartered Bank is very enthusiastic about the potential of this peaceful country. Standard Chartered Bank is committed to Tanzania and will continue supporting on-going reforms for growth and poverty reduction. Although we have been around for more than 150 years, The Bank is still young and even more energized to provide the best products and services to our customers.
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