Stanbic Bank wins Best Investment Bank Award

 

Elibariki Ndossi the Head, Investment Banking at Stanbic Bank Tanzania

By The Citizen Reporter

Media/news company

Mwananchi Communication Limmited

What does winning the Best Investment Bank award in Tanzania mean to the Bank and  clients?

Elibariki Ndossi - Head, Investment Banking - Stanbic Bank Tanzania: It’s exciting but also rewarding to the efforts across multiple

teams that work together to solution for our clients, not just within Investment Banking, but across various divisions including our support functions. I think it’s commensurate to the effort that the team has put together to be able to support and provide these solutions to our clients. But I think more importantly, we would like to thank our clients who give us the opportunity to actually provide and craft bespoke solutions to meet their needs and requirements.

Our clients are at the centre of everything we do, and it is our priority to provide them with tailored solutions that truly enable them to achieve their investment needs.

What does this win mean for the common citizen and the country?

 So, I think to the extent that we are able to drive and contribute towards the sectors which are driving growth, the trickle-down effect is actually quite substantial. This is because the key sectors we play in, such as the public sector and the private sector, supporting the government and the state-owned enterprises to conduct the big infrastructure projects that you see across roads, energy sector, education and health sectors etc, these directly trickle down to the common citizen. And then on the private sector side, the investments that we are able to unlock for additional expansions, building capacities, etcetera, these enable these companies to actually provide better services and better products and in an efficient manner, such that at least at the end of the day, the common citizen does get benefits including direct/indirect employment, availability of quality products and services at affordable prices and the like.

 How does this win show testament to the Stanbic Bank purpose of driving growth for its  clients and Tanzania?

We are privileged as Stanbic Bank Tanzania to take part in driving the growth of the country and clients, because this is our home and what we do is provide exceptional services to our clients, to meet our their needs. We achieve this through extensive cross functional collaborations internally but also extensive engagement with external Stakeholders including our regulators, as they are key in making it possible for us to deliver the products and the services suited to our clients.

As part of the Standard Bank Group, Africa’s largest bank by assets, and with representation in over 20 African countries, and key financial markets, our clients have access to local and regional expertise that provides them with insights and an intellectual framework for making complex decisions, delivered by a team of experts. This is a key differentiator for us.