Stanbic Bank in Tanzania came into being in May 1995 when Standard Bank Group acquired the operations of Meridien Biao Bank Tanzania Limited.They have nine branches and two service centers in the country.

Standard Bank Group is a global bank with African roots. It is South Africa's largest bank, distinguished by its extensive operations in 17 African countries. Outside the African continent, Standard Bank Group's operations span to 15 countries, with an emerging market focus.