Stanbic Bank Tanzania’s leadership in the country’s FX market is underpinned by its strong market share, innovation track record and ability to deliver tailored solutions to a wide client base.
The bank closed 2024 with an FX revenue market share of 17.6%, supported by year-on-year growth of 21% in FX sales and 51% in FX trading. Total FX volumes increased by 9% to $2.3 billion, with further momentum in early 2025 as volumes rose 95% year-on-year in the first quarter, representing around 12% of all market conversions.
Despite industry-wide FX liquidity shortages, Stanbic maintained efficiency, achieving a global markets customer satisfaction score of 8.2
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