Speaking during the launch event, Stanbic Bank’s Head of Private Banking, Shangwe, emphasized that the expansion aligns with Mwanza’s economic growth and the evolving financial needs of its clients.
“With Mwanza’s rapid economic growth and rising demand for wealth management services, this launch is a crucial step in ensuring that our clients receive top-tier banking solutions tailored to their financial aspirations,” said Shangwe.
The Mwanza launch follows the successful Private Banking refresh in Dar es Salaam, with plans to extend these premium banking services to Mbeya, Arusha, Dodoma, and other key economic hubs across Tanzania.
“The expansion of Stanbic Bank’s Private Banking services into Mwanza is a response to the city’s growing need for customized financial solutions. Unlike conventional banking, Private Banking provides clients with a seamless and highly personalized banking experience, ensuring their financial needs are met with dedicated expertise and world-class solutions,” added Shangwe.
Stanbic Bank is inviting high-net-worth individuals, business owners, and professionals in Mwanza to experience exclusive banking benefits and consult with expert relationship managers for tailored financial solutions that align with their business, investment, and wealth management needs.
One of the clients who attended the launch, Ms. Fatma Kimwaga, commended Stanbic Bank for its commitment to customer value, particularly in investment advisory services, financial education, and family wealth management.
“I highly commend Stanbic Bank because, through Stanbic Private Banking, I have confidence that even if I am no longer around, my children will know what to do. Many businesspeople pass away without leaving a solid plan for their children, which often results in prolonged family disputes,” said Ms. Fatma.
She further stressed the importance of prioritizing financial literacy and wealth planning for the sustainable development of individuals, families, and society as a whole.
