SMEs to benefit from lending drive: StanChart

Dar es Salaam. 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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