Head, Transaction Banking Standard Chartered Bank, Tanzania
Efeh Amoah leads Standard Chartered Bank Tanzania’s Transaction Banking department. Transaction Banking holds end-to-end accountability for the bank’s corporate banking deposits and trade and short-term lending book.
Corporate Banking deposits constitute over 80 per cent of the bank’s entire customer deposits in the market. The trade and short-term lending book is 70 per cent of the bank’s asset book.
Efeh Amoah Achievements
As head of Transaction Banking, Efeh Amoah defines and drives the execution of the bank’s strategy for acquiring and maintaining corporate deposits and trade and short-term lending assets. Additionally, Efeh is responsible for the identification, acquisition and implementation of the bank’s payments and collections capabilities in Tanzania.
Transaction Banking in the last year has introduced a new online banking interface for corporate clients, positioning the bank as one of the country’s leading enablers for regulatory payments. The team has also transformed trade transaction initiation for the bank’s corporate clients, winning significant business in the process.
Efeh Amoah has helped unlock opportunities in the last year alone, moving the bank’s average core corporate deposits by USD130 million (40 per cent on the prior year) whilst leading the business to add circa USD300 million (60 per cent growth) in trade assets and contingents in the same period.
It is the first time in the bank’s history that this franchise has achieved the current levels of Transaction Banking deposits and assets. These achievements were the result of a clear business strategy, strong leadership and collaborations as well as the tenacity to draw the needed enabling investments to the local franchise. She also created fintech partnerships that strengthened fintech product capability and met client needs.
Moreover, Efeh has helped reactivate the nascent fintech Association, opening up opportunities for Tanzania’s fintechs to access the bank’s support networks such as the bank’s international fintech bridge and SC Ventures.
To date, more than 12 fintechs have been introduced to SC Ventures and 15 representatives from Tanzania accepted in the bank’s Women in Cybersecurity mentoring programme, building the needed capacity in this critical area of financial services.
Efeh Amoah’s last two roles have straddled East and West Africa over the last five years. In her previous role, she led the bank’s advocacy and submissions on Central Bank’s payment system changes. Since 2017, she has been actively involved in supporting the growth of healthy family relationships.
Her interest in healthy families was birthed from personal experiences which led her to join like-minded persons to build a marriage support curriculum. As such, she currently co-leads a group of over 1,000 wives spread across Africa, Europe and North America.