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STANDARD CHARTERED ENHANCES MATERNITY, PATERNITY AND ADOPTION LEAVE - FINANCIAL-24

Standard Chartered Bank Head of Human

Resources, Mr. Siaophoro Kishimbo.

Dar es Salaam, 22 August 2017 – Standard Chartered Bank Tanzania Limited has announced the roll out of enhanced employee benefits.

Female employees can now look forward to a 20-week paid maternity leave. This translates to 140 calendar days or five months of maternity leave, excluding annual leave.

The Bank’s Head of Human Resources, Mr. Siaophoro Kishimbo, said that the adjustment is part of the Bank’s focus to create and sustain an environment that enables its employees and their families to succeed.

“As a part of the Bank’s family-friendly culture, we have increased fully-paid maternity leave for our female employees to 20 calendar weeks, while male employees will start enjoying a 14 days or two calendar weeks’ paternity leave.” Mr. Kishimbo said.

The Bank had been offering a 12 weeks, or three months, maternity leave and a 3 days’ paternity leave, in accordance with the country’s Labour Laws. The Bank’s new policy, therefore, surpasses the country’s Labour Laws requirements by 8 weeks for its female employees, and by 11 days for its male employees.

On the other hand, the Bank’s new policy has also considered Adoptive mothers whose maternity leave will increase from two calendar weeks to 90 calendar days, equivalent to three months, for mothers who adopt children aged between 0-3 months. Additionally, mothers who adopt children aged 4 months and above will be entitled to a maternity leave of 30 calendar days which are equivalent to one month.

Adoptive fathers will also be entitled to a 14 days or two calendar weeks’ paternity leave, which is an increase of 11 days.

“As we mark our Centenary Anniversary in Tanzania we believe that the new policy will further support the creation of a stronger and healthier future generation as our nursing mothers will have a longer period of uninterrupted breastfeeding for their babies. This is also in line with the recent call by the Minister of Health, Community Development, Gender, Seniors and Children, when Tanzania joined the World in marking the World Breastfeeding Week which was marked at the beginning of this month. The new Parental Leave Scheme is extended to all employees of the Bank, regardless of length of service.” Mr. Kishimbo said.

The Bank’s internal studies carried out show that staff feel more motivated at work when they receive better support in the integration of their professional and personal lives.

Women are key contributors to the Bank’s business. 40 per cent of the Bank’s leadership team in Tanzania are women, and for the past three years, females comprise 52 per cent of the workforce in Tanzania.

“We recognise the dual roles that many of our females staff have to play, and want them to succeed both at work and at home. We believe that fostering and building on a culture to help our people balance their personal and professional commitments will deliver strong benefits for both the Bank and our employees. Our people are our greatest asset and developing a strong Tanzania core is a key priority for the Bank. We are always looking to strengthen our staff welfare, as well as to retain and groom talent.” Mr. Kishimbo concluded.

Standard Chartered Bank Tanzania is, this year, marking its Centenary Anniversary since it opened its operations in Tanzania in 1917. The Bank has continued to unveil a number of unique initiatives as the year unfolds. To mark the official Centenary Anniversary celebrations the Bank hosted over forty of its Africa and Middle East Top Management Team members in Tanzania in March this year. The members met with some of the Government’s highly ranked Leaders as well as its staff and clients and reiterated the Group’s continued commitment to Tanzania.

For further information please contact: 
Juanita Mramba
Head of Corporate Affairs,
Standard Chartered Bank Tanzania,
Juanita.Mramba@sc.com
Tel: 22 216 4920

About Standard Chartered:

Standard Chartered – leading the way in Asia, Africa and the Middle East

Standard Chartered PLC is a leading international bank, listed on the London and Hong Kong stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years.

With 1700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for its 75,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank’s heritage and values are expressed in its brand promise, ‘Here for good’.

For more information on Standard Chartered, please visit: www.standardchartered.com

Standard Chartered Africa

Standard Chartered has operated in Africa for over 146 years and the region remains a core part of the Bank’s Group Strategic Intent. Standard Chartered Bank has over 160 branches in 14 African countries and over 6,000 staff. Standard Chartered Africa is a highly respected, well established “household name”, with deep-rooted local knowledge and experience. The Bank also has a unique international footprint which enables it to facilitate the growth of international trade corridors between Africa and the rest of the world.

And with world-class suites of products, services, distribution channels and systems, the Bank provides customers with increasingly sophisticated and pioneering banking services – unrivalled in Africa.

Standard Chartered Tanzania

Standard Chartered Tanzania Ltd. first opened its doors to the public in Tanzania in 1917 and, following a period of nationalisation, re-opened again in 1993 as the first foreign bank to obtain a licence under the economic reform programme. We now have three branches in Dar es Salaam and one Electronic Banking Unit. We also have branches upcountry in Mwanza and Arusha with one branch each. Our Head Office is located at International House Property, Corner Shaaban Robert / Garden Avenue, Dar es Salaam.

The bank aims to offer its customers innovative products and excellent service, which compete with the best in the world. Independent market surveys have shown Standard Chartered Bank Tanzania to have the best service, and to be the most innovative bank in Tanzania.

The Bank has won the prestigious Bank of the Year award by The Banker Magazine four times consecutively in 2002, 2003, 2004, 2005 and 2007. The Bank also won the award again recently in 2010. This latest achievement confirms the bank’s consistency and excellence in business performance.

Locally, the Bank has won the Employer of the Year Award twice – In 2006 and 2008, and was the first runner-up in 2009. This prestigious award is determined and presented by the Association of Tanzania Employers – ATE.

The Bank is enthusiastic about the country and is committed to supporting economic growth through its various banking products and services as well as its corporate social responsibility agenda.

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