Dar es Salaam:
Stanbic
Bank Tanzania has once again affirmed its status as one of Tanzania’s leading
corporate and investment banks, after receiving an international award from The
Banker magazine on the “Deal of the Year” category.
The
award is recognition for Stanbic Bank after successfully arranging a syndicated financing worth US$85million for Helios
Towers Tanzania Ltd (“HTT”), a subsidiary of Helios Towers Africa Ltd (“HTA”),
to finance their network of telecommunications towers across Tanzania last year.
Commenting
on the award Stanbic Bank Managing Director Bashir Awale said that it was an
honour for Stanbic Bank to be recognized again internationally for its
investment banking efforts in the country.
“Being
recognizes for the “Deal of the year” award from The Banker which is an
influential financial magazine its an honour and it demonstrates that we are on
the right track where Investment Banking is concerned. Stanbic Bank has always
been focused on its investment banking business because it is a critical
delivery mechanism for banks into the key sectors of infrastructure
development, commodities, oil and gas and telecommunications in Africa,”
explained Awale.
The Helios financing attracted strong and broad-based
interest from several local and international financial institutions. The
lending syndicate demonstrated the ability of African banks to finance large
and cross-border transactions and included
as original lenders Stanbic Bank Tanzania Limited; Standard Bank of South
Africa; Emerging Africa Infrastructure Fund; Investec
Bank; National Microfinance Bank; Bank of Africa Tanzania Limited; and
International Commercial Bank from Tanzania.
Stanbic Bank Tanzania Head
of Investment Banking Shose Sinare said “We are very proud to have received this award. We
remain committed to spearheading infrastructure development in Tanzania. We would like to again
thank our local partners who joined us to finance this deal, National
Microfinance Bank Plc, Bank of Africa Tanzania Limited and International
Commercial Bank (Tanzania) Limited who came in as original lenders on the local
tranche.”
This
is a second international award for Stanbic Bank in the investment banking
space. Last year the bank received “Investment Bank of the Year Award”
from EMEA finance Magazine for the US 250 million syndicated loan the bank
arranged for the Government of Tanzania.
The Banker is a monthly international financial affairs publication which has claimed
a dedication to the international perspective through features, interviews,
multi-media applications and events. The Banker is the world’s premier banking
and finance resource, read in over 180 countries and is the key source of data and
analysis for the industry. It combines in-depth regional and country coverage
with reports on global financial markets, regulation and policy, cash
management and securities services, commodities and carbon finance,
infrastructure and project finance, trading and technology, clearing and
settlement, and management and governance issues.
Notes to the
Editor: Stanbic Tanzania
Stanbic Bank
Tanzania Ltd is a full
commercial service bank with a well-defined emphasis on providing facilities
and services to the public and private sector corporations, airlines,
diplomatic missions, pension funds and non-governmental organizations.
Since its establishment in Tanzania in 1995 after buying
out Meridian BIAO Bank, Stanbic Bank (T) has been at the forefront in the
development of the country’s financial markets.
The Bank currently boasts ten branches in all of the
country’s important economic zones namely Dar-Es-Salaam (five branches),
Arusha, Mwanza, Mbeya, Bulyanhulu – Shinyana and Moshi with a total staff
complement of more than 400 employees.