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Tag Archives: Stanbic

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 …

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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 …

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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 …

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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 …

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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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