Bank’s CEO is optimistic that the second half will be better Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank has recorded same net profit in the half year of 2018 as it was last year, underscoring how the industry is struggling to grow in the era of low interest rates and …
Read More »Stanbic scoops BoU award
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has scooped the 2017 Bank of Uganda Best Performing Commercial Bank of the Year in Government Securities award, Governor Emmanuel T. Mutebile announced on April 10. This is the 13th time the BoU was holding this event. It was also Stanbic’s sixth consecutive …
Read More »GOVT SECURITIES: Stanbic the best performing bank in Uganda
Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has recognised Stanbic Bank Uganda Ltd as the best performing bank in Uganda government securities for the year 2017. This is the sixth consecutive year that Stanbic has won the award. Launched in 2005, the Primary Dealer (PD) system aims to …
Read More »Uganda’s banks brace for tough year again?
Stanbic records sharp drop in profits as DFCU’s NPL nearly doubles Kampala, Uganda | ISAAC KHISA | Uganda’s banking industry appears to be heading towards tougher times again, according to the industry executives.This is owed slow private sector credit growth, volatile trading security market and the declining interest rates amidst …
Read More »Banks to embrace mediation to resolve disputes
The initiative is to settle disputes cheaply, quickly and fairly Kampala, Uganda | JOSEPH BAHINGWIRE | Court cases in Uganda involving clients and commercial banks tend to take many years to be resolved but this will soon change as banks in collaboration with the Uganda Law Society and commercial courts …
Read More »Plascon eliminate Mbarara to advance to Uganda Cup quarter finals
Kampala, Uganda | THE INDEPENDENT | In the second set of Stanbic Uganda Cup round of 16 matches played on Thursday afternoon, FFA Big league side Kansai Plascon eliminated Premier League team Mbarara city at Kakyeka Stadium. Mbarara City who are also struggling in the Azam Uganda Premier league will …
Read More »Excitement as 2018 Stanbic National Schools Championship is launched
Kampala, Uganda | IAN KATUSIIME | Students are excited after Stanbic Bank launched the 2018 National Schools Championship in conjunction with the Ministry of Education and Sport on March 19. Running under the theme ‘Empowering the job creators of tomorrow’, the competition will seek to nurture entrepreneurship, creativity and long term business thinking. …
Read More »Stanbic’s PMI points to consistent economic growth
Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1% growth in February down from 52% in the previous year, signaling a moderate improvement in business conditions in the private sector. Commenting on February’s survey finding, Jibran Qureshi, Regional Economist East Africa at Stanbic said, “business conditions …
Read More »Stanbic Bank Uganda seeks to become a Bank Holding Company
The new move will see the lender venture into non-banking business Kampala, Uganda | ISAAC KHISA | Uganda’s largest lender, Stanbic Bank Uganda, is finalising plans to become a Bank Holding Company (BHC), a step that would enable it access funding more easily but also tighten capital requirements and regulatory oversight. …
Read More »Stanbic set to open a business incubator in Kampala
Kampala, Uganda | THE INDEPENDENT | Uganda’s largest commercial bank, Stanbic, is set to open a business incubator to stir growth of small and medium enterprises countrywide. “The incubator will provide an enabling environment for SMEs to enhance their capacity, enabling their businesses to survive, operate successfully and grow,” Stanbic Bank …
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