The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
AWARDS

Tanzania Best Bank:Standard Chartered

Botswana I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe The Tanzanian economy performed strongly in 2005 – real GDP growth was 6.8% – giving some hope to a population of more than 37 million with one of the world’s lowest per capita GDP figures at just $700 in 2005. Moreover, the government appears to be on the right track, with banking sector reforms steadily increasing investment in the sector and an internationally assisted regeneration programme established to rebuild the country’s shattered industrial infrastructure. The economy is expected to grow strongly in 2006 despite a severe drought earlier this year.

In this environment, banks have thrived. Barclays Bank is fast growing in the country – assets increased 87% to $316 million last year – but Standard Chartered is still the bank to beat. It recorded a net profit after tax of $7.7 million for the end of the year annual results – up 15% on the same period a year earlier. Loans and advances increased by $31.2 million – maintaining Standard Chartered’s status as the bank with the largest loan portfolio in Tanzania.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree