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Tag Archives: Anne Juuko

UN, Stanbic bank launch fundraising drive for SACCOs

Kampala, Uganda | THE INDEPENDENT | The UN and Stanbic Bank have launched an initiative in which they hope to raise up to USD 100 million to help small and informal enterprises out of the effects of the COVID-19 pandemic. The initiative dubbed, the Economic Enterprise Restart Fund is a three-year …

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Stanbic Bank Uganda profits hit record level

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. …

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Stanbic posts UGX 259 Bn after-tax-profits

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 …

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