Stanbic Bank Tanzania named best custodian bank for safeguarding investors interests
Stanbic Bank Tanzania has been awarded the best custodian bank by Dar es Salam stock exchange for its role in safeguarding assets of institutional and individual investors at the bourse.
Stanbink Bank was named during an event to honour best contributors to the growth of the DSE.
The event, the first of its kind in the Dar es Salam bourse was organised to improve openness and accountability. It also saw several other stock market stakeholders winning in their various categories, with The Citizen and the Tanzania Broadcasting Corporation being named as media outlets with the most comprehensive and outstanding coverage on the stock market operations.
And, in a statement availed to the media, the bank announced that its parent company, the Standard Bank Group - which is Africa's largest bank by assets - also scooped 27 awards from Global Finance, Euromoney and Europe, Middle East and Africa (EMEA) Finance Treasury Services. The awards were presented at the annual Swift International Banking Operations Seminar (Sibos) conference currently underway in Geneva.
"We are delighted to have received these awards," said the Standard Bank's head of transactional products and services, Mr Hasan Khan, noting that the accolades reaffirm the relevance of the bank's universal banking proposition in which it looks to partner with its clients in identifying, managing and leveraging growth in Africa.
