Standard Chartered Completes Strategic Transfer of Wealth & Retail Business to Access Bank PLC in Tanzania

Standard Chartered completed transfer of Tanzania retail banking operations to Access Bank PLC, maintaining corporate banking presence...

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Standard Chartered Bank has completed the transfer of its Wealth & Retail Business operations to Access Bank PLC in Tanzania, finalizing the transition on June 20, 2025, as part of its strategic repositioning.

The transition culminates a three-year divestment process initiated in April 2022.
Herman Kasekende, Chief Executive for Standard Chartered Tanzania, highlighted the move as pivotal for refocusing on core strengths.
Access Bank's acquisition provides a significant expansion opportunity, enhancing its presence across East Africa.

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Standard Chartered Transfers Tanzania Wealth & Retail Business to Access Bank

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