Stanbic Bank to support customers and boost business with affordable loan offerings Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has today launched the ‘Now-Now loans’ campaign aimed at offering customers quick and affordable loans to overcome financial challenges in the wake of the Covid-19 pandemic. All Stanbic’s loan …
Read More »Stanbic to appeal in sh400 million bank loan case
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda will appeal a High Court ruling delivered on Friday 12th February 2021 ordering it to pay Sh400m in costs to Macdowel Food & Beverages. Stanbic Bank Uganda has contested the decision and has filed a Notice of Appeal to the Court …
Read More »Stanbic Purchasing Managers’ Index dips as business activity declines
✳ Business activity declines in January – first time in seven months in Uganda ✳ New orders and employment fall ✳ Companies still optimistic regarding 12 months outlook Kampala, Uganda | THE INDEPENDENT | Business conditions deteriorated for the first time in seven months for the Ugandan private sector in …
Read More »DIGITAL IMPACT: Stanbic scoops three awards
📌Digital Impact Awards Africa ➡ Best Bank on Social Media ➡ Card Payment Excellence award ➡ Digital Powered Campaign (National School Championships) Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has won awards in three categories at the 2020 Digital Impact Awards Africa that were in the past week …
Read More »Stanbic Bank and UN launch fund to support SMEs, revive Uganda’s economy
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has partnered with the United Nations and other funding agencies to create an enterprise fund that will provide low-cost financing for informal sector businesses to enable them recover from the impact of the COVID-19 pandemic. Dubbed the Economic Enterprise Restart fund (EERF), it will aim to …
Read More »Stanbic launches contactless Visa cards
Kampala, Uganda | THE INDEPENDENT | The newly upgraded Stanbic Bank Uganda contactless Visa card that was launched in Kampala today, will make it easier, safer, and faster for customers to transact, and completely remove the need to withdraw or handle cash. The new card will have the latest technological applications that …
Read More »Stanbic Bank introduces attractive vehicle, asset financing packages for Ford cars
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has introduced attractive vehicle asset financing packages to enable Ugandans easily acquire Ford cars. Stanbic bank Uganda and Ford Motor Company will provide a unique credit solution to help individuals and companies solve their vehicle and asset financing requirements as an effort to …
Read More »When 14-year-old Esther Nakamanya took charge of Stanbic Bank for a day
Girl Child ‘takes over ‘as Chief Executive of Stanbic Bank Kampala, Uganda | THE INDEPENDENT | Esther Nakamanya, 14 has emphasized the invaluable contribution girls and young women can make in the corporate sector if given the chance in a free and non-violent online environment. In commemoration of the International Day …
Read More »Stanbic Bank profits fall as COVID-19 hit
The lender recorded a 4.9% drop in net profit to Shs127.4billion Kampala, Uganda | ISAAC KHISA | Stanbic Bank has suffered a 4.9% drop in pre-tax profit in the first half of the year as credit impairment charge and coronavirus disruption takes toll on the country’s largest commercial lender. The …
Read More »Services, wholesale and retail sectors gain
As COVID-19 lockdown measures hit agriculture, construction and industry Kampala, Uganda | JULIUS BUSINGE | For the first time since February, the headline Stanbic Bank Purchasing Managers’ Index (PMI) crossed into positive territory recording a reading of 50.3 during July, up from 46.5 in June. This is a significant recovery …
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