Stanbic bank expands private banking services to Arusha

ARUSHA: Stanbic Bank has officially unveiled its Private Banking Client Value Proposition (CVP) in Arusha, reinforcing its commitment to empowering Tanzania’s high-net-worth (HNW) individuals with world-class financial solutions.

Following successful Private Banking events earlier this year in Mwanza and Mbeya, this latest launch highlights Stanbic Bank’s strategic focus on expanding access to bespoke banking services beyond Dar es Salaam.

Through the offering, residents of Arusha will benefit from access to tailored financial solutions that reflect the region’s unique economic profile. As a hub for tourism, cash crop farming, and generational family businesses, Private Banking brings real value to individuals working hard to build lasting legacies.

The event in Arusha brought together a select group of Private Banking clients, entrepreneurs, and key stakeholders to explore how the bank’s suite of Private Banking services can help grow, manage, and protect wealth across generations.

Delivered under the theme ‘Ambition Never Stops,’ the event emphasized long-term financial planning, legacy building, and exclusive banking privileges tailored for Tanzania’s emerging elite.

Arnold Shirima, a tour operator based in Usa River, shared his experience saying that the service has helped him plan more strategically for the future of his business.

“As someone managing seasonal income, multiple bookings, and high operational costs, I’ve learned how to separate personal and business finances without compromising service quality or growth. With Stanbic’s support, I now feel more in control of my finances and better equipped to scale sustainably,” Shirima said.

In another development, a mining entreprenuer based in Arusha, Bruno Ngowa also shared his experience noting that Stanbic’ Private service has helped him lay a solid financial foundation in his mining operations.

“The mining sector is unique it comes with its challenges but also immense opportunities for family and community advancement. Over the years, I’ve worked hard to grow my business from small-scale operations to a fully licensed supplier of gemstone minerals. Stanbic’s Private Banking services have helped me lay a solid financial foundation for this business,” he stated.

He added; “Through expert advisory and structured financial planning, I now have a clear path for safeguarding my assets, setting up succession structures for my children, and ensuring that my contribution to this sector lives on. For the first time, I see these minerals not just as today’s commodity but as a generational legacy.”

Speaking at the event, the Head of Private Banking at Stanbic Bank Tanzania, Shangwe Kisanji, highlighted the significance of the milestone saying that they expanded tge service to Arusha due to its vibrant and enterprising city, recognized for its strong entrepreneurial spirit and forward-thinking leadership.

“It is home to some of Tanzania’s most visionary business leaders who continue to drive innovation, investment, and economic growth across the region. Our expansion here ensures that clients in this region have direct access to our Private Banking expertise, enabling them to pursue their ambitions with confidence and support,” he noted.

According to Kisanji, through these services, Arusha clients receive not only professional financial advice, but also the tools to plan wisely, protect assets, and pass on wealth to the next generation with confidence.

Stanbic’s Private Banking offering includes relationship-managed services, personalized investment advisory, family wealth planning, offshore solutions, and tailored credit facilities. The initiative is also complemented by financial literacy programs aimed at empowering clients and their families to make informed decisions and build resilient financial futures.

Stanbic Bank’s Private Banking leadership has also earned global recognition, having been named Tanzania’s Best Bank for Private Banking 2024 by Euromoney, one of the world’s most respected financial publications.

The prestigious award is a strong endorsement of Stanbic’s commitment to delivering exceptional service, tailored wealth management solutions, and forward-looking advisory that meets the evolving needs of Africa’s growing base of affluent and emerging clients. It highlights the bank’s ability to blend global best practices with deep local insight—offering a Private Banking experience that is both world-class and uniquely relevant to Tanzanian clients.

This expansion comes as Stanbic Bank celebrates 30 years of existence and impact in Tanzania—three decades of driving inclusive growth, enabling business success, and providing innovative financial solutions across the country. As the third-largest bank in Tanzania, Stanbic’s continued investment in regional cities like Arusha showcases its commitment to supporting national development and client proximity.

This launch reaffirms Stanbic Bank’s long-term vision of becoming the most accessible and trusted financial partner in Tanzania—supporting clients not just in Dar es Salaam, but across all regions with growing economic potential.