Access Bank Tanzania has officially completed the acquisition of the consumer, private, and business banking division of Standard Chartered Bank Tanzania, following receipt of all required regulatory approvals.

This strategic acquisition marks a major milestone in Access Bank Tanzania’s growth trajectory, positioning it as a full-service commercial bank committed to delivering inclusive, secure, and digitally driven financial services to individuals, entrepreneurs, and businesses across the country.

 “This acquisition is not just about growth — it is about strengthening our promise to provide more Tanzanians with access to world-class, customer-focused banking solutions,” said Imani John, Managing Director of Access Bank Tanzania. 

 “By integrating Standard Chartered’s legacy in private and business banking with Access Bank’s innovation-led approach and pan-African presence, we are building a stronger platform for inclusive financial empowerment.”

 With this acquisition, Access Bank Tanzania significantly expands its market footprint and strengthens its capacity to support the national financial inclusion agenda. The bank will now deliver a broader range of services tailored to Tanzania’s diverse population — including the unbanked, high-net-worth individuals, SMEs, women, and youth.

 The statement issued by Access Bank yesterday said benefits of the acquisition include customers benefiting from an enhanced suite of retail and business banking solutions, including digital banking, savings and lending products, trade finance, SME financing, and investment services.

 After the acquisition, high-net-worth clients will now have access to bespoke wealth management, multicurrency investment solutions, and personalized relationship management. The statement said the cross-border banking is also remains streamlined through Access Bank Group’s operations in 24 global markets.

 The statement said the bank is boosting support for SMEs through sector-focused financing, working capital solutions, trade services, and its secure digital platform PrimusPlus. Advisory and financial literacy services are also offered by Access Bank Tanzania to help SMEs integrate into regional value chains.