Kampala, Uganda | THE INDEPENDENT | The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. In a statement dated Aug.29, the Bank said, the Borderless Banking solution has grown exponentially starting January 2021 to March 2022, at …
Read More »
Kampala, Uganda | Isaac Khisa | Stanbic Bank Uganda registered a record 20% growth in net profit to Shs 259 bn last year compared with the 2018 citing increase in both interest and non-interest incomes. The bank also recorded a 20% year-on-year growth in revenues to exceed Shs 800 billion. …
Read More »
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has announced after-tax-profits of 259 billion Shillings for 2019 up from 215 billion Shillings in 2018, cementing its position as the most profitable bank in the country. In the financial results published on Thursday, Stanbic said the money it lent to customers …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) needs at least Three Trillion Shillings in capital to sufficiently carryout government business in the oil sector. Proscovia Nabbanja, the CEO of UNOC told reporters in Kampala on Wednesday that the money will be needed in a phased manner in …
Read More »
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has revealed the first fruits of its Business Incubator Programme, two years after its establishment to mentor Small and Medium Enterprises in the country. The three months long Business Development Programme places selected Small and Medium Enterprises under intensive training in …
Read More »
Kampala, Uganda | THE INDEPENDENT | Ugandans are better off investing their money in cows than plunging into the unknown world of cryptocurrencies, Stanbic bank chief executive Patrick Mweheire has said. A cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Nordic and East African countries have held the first ever business expo and conference aimed at opening up investment opportunities in the two world economic regions. Organized by Ferrum Capital, Debridge, Uganda Embassy to the Nordic Countries and Uganda Urban Expo, the three …
Read More »
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has said more of its customers are leaving the banking halls, choosing to do most of their transactions either online or through banking agents. Stanbic Bank Chief Executive Patrick Mweheire says that more than 80 per cent of their transactions, during the …
Read More »
Kampala, Uganda | THE INDEPENDENT | In debating just access to loans to farmers alone, the country is missing key ingredients that make the agriculture sector unattractive to financiers. This was the key message at the annual bankers’ conference at Serena hotel on Tuesday where banking executives discussed how they …
Read More »
Kampala, Uganda | THE INDEPENDENT | Commercial banks in Uganda are looking into how they can beef up the security of their agents due to the risk exposed to them for holding cash. This comes after an incident on 30 June 2019 in Nansana where three guards attached to Tiger …
Read More »
The Independent Uganda: You get the Truth we Pay the Price