Kampala, Uganda | THE INDEPENDENT | Stanbic Bank, Total Uganda and Roofings have announced a tripartite partnership to support over 250 secondary schools to plant at least 150,000 trees in a bid to redevelop Uganda’s receding forest cover. The three corporate entities signed the MoU for this initiative at Stanbic Bank …
Read More »Revenue shortfalls, new Covid-19 wave and locusts threaten economy – Experts
Kampala, Uganda | THE INDEPENDENT | The growth of Uganda’s economy in the short term is threatened by the effects of the COVID-19 pandemic, the hovering threat of the desert locusts in the region as well as uncertain weather conditions. The Bank of Uganda expects the economy to grow by at …
Read More »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 …
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 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. …
Read More »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 …
Read More »