Standard Chartered Transfers Tanzania Wealth & Retail Business to Access Bank

Standard Chartered has announced the successful handover of Standard Chartered’s Wealth & Retail Business to Access Bank PLC. The hand over is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing .....

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Standard Chartered has transferred its Tanzania Wealth & Retail Business to Access Bank PLC, marking the completion of its strategic divestment in the region.

This move follows Standard Chartered's decision in April 2022 to exit the Wealth and Retail sector in Tanzania.
Herman Kasekende, Chief Executive for Standard Chartered Tanzania, stated that the transition prioritizes clients and employees.
Despite exiting the retail sector, Standard Chartered will maintain its focus on Corporate and Investment Banking in Tanzania, where it has operated since 1917.

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

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