SMEs TO BENEFIT FROM LENDING DRIVE: STANCHART
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| Tanzania Private Sector Foundation Executive Director Mr. Godfrey Simbeye (Left) speaking recently in Dar es Salaam. With him (Right) is Mr. Adam Gahhu, TPSF Analyst |
Standard Chartered Bank Tanzania has commenced a
campaign to empower small and medium-sized entrepreneurs (SMEs) to promote the
country’s economy.
The campaign, which will run up to the end of
July this year, will see the Bank’s SME customers enjoying reduced rates to key
transactions within the SME sector.
In a press release issued by the Bank, the bank’s
Head of the SME segment, Amin Merchant, said customers will benefit from
reduced charges on telegraphic transfers, popularly known as TTs, as well as a
fifty per cent reduction on payroll services.
He also added that another significant feature of
the campaign is that the Bank’s customers will not be charged monthly
maintenance fees for the duration of the campaign. ‘This exciting campaign is
part of Standard Chartered Banks Global digitisation agenda’. Said Mr Merchant
in the press release.
Mr Merchant explained that Straight2Bank and
digitisation is the future of banking.
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