Tag Archives: Stanbic

THIS WEEK: USE unveils University Challenge Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities. The three month Challenge that will end in December seeks to give youth a platform to trade and …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …

Banks setting up company to wipe bad loans off their balance sheets After years of struggling to cope with borrowers failure to pay loans, Ugandan commercial banks have come together to form a joint company to deal with the problem on their behalf. Formation of the company currently called the …

It now joins Stanbic, Stanchart, DFCU, DTB that have also recorded surge in profits in 2016 Uganda’s commercial banks spent almost the entire of last year worried about making money in a rather challenging economic environment that was characterised by high interest rates amidst slow economic activities. But they seemed …

Here is why Ugandans are poorer today than yesterday There is more bad news for the Uganda economy this April. According to the latest figures from the Uganda Bureau of Statistics (UBOS) and the Central Bank, the economy will not achieve the targeted 4.5% growth this financial year. It will …

But analysts caution it’s too early to celebrate Uganda’s banking industry seems to be recovering from the hard economic times experienced in the previous year as commercial banks start to record a surge in profits amid drops  in Non-Performing Loans (NPLs). Available data from commercial banks that have announced their …

Other banks say the government needs to urgently pass regulatory framework Stanbic has identified about 1000 agents to deal with as soon as the proposed new agency banking is legalised, according to the Chief Executive Officer of Uganda’s largest bank, Patrick Mweheire. In an interview with The Independent, Mweheire said …

When The Independent recently spoke to William Sekabembe, the chief of business and executive director at dfcu about the bank’s strategy on digital banking, his comments reflected the popular view.   “We are investing heavily in technology so we can serve our customers without necessarily opening new branches in all parts …

Stanbic Bank’s Mweheire steady – Bank registers Shs 107 billion in net half year profit, shareholders to get Shs 2.1 dividend per share When Patrick Mweheire became the first Ugandan to head Stanbic Bank, there was some apprehension about how Uganda’s largest bank by assets would survive in the challenging economic …

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …