The first six months of 2022 presented a complex combination of ‘head’ and ‘tail’ winds that affected the economy | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL) has recorded a 4.7% growth in profit-after-tax for the first six months to June.30 to Shs162billion. This comes amidst an unpredictable operating …
Read More »Positive outlook for real estate market
New report shows 89% occupancy rate in the Kampala Metropolitan Area Kampala, Uganda | JULIUS BUSINGE | Stanbic Properties Limited inaugural report on properties shows that the average occupancy rates in Kampala stood at 89% for Grade A, 83% for Grade B and 74% for Grade C buildings in December …
Read More »Stock market boost as MTN listing takes shape
Uganda Securities Exchange CEO says number of investors could triple Kampala, Uganda | JULIUS BUSINGE | Executives at the Uganda Securities Exchange are optimistic about increased activity and shareholder numbers at the bourse as MTN Uganda’s listing takes shape. Paul Bwiso, chief executive officer said on the sidelines of the …
Read More »Stanbic half-year profits up 21.5% to Shs 154.9bn
Company to focus on investing in technology and digital solutions to enhance customer experience Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Limited (SHUL) has demonstrated business resilience, weathering effects of the coronavirus pandemic to post an impressive 21.5% growth in profit after tax to Shs154.9bn for the first …
Read More »Stanbic Uganda announces 2020 financial results
✳ Loans and advances grew by 27% from Sh2.8 trillion (2019) to Sh3.6 trillion (2020) ✳ Customer deposits increased by 16% from Sh4.7 trillion (2019) to Sh5.4 trillion (2020) ✳ Profit After Tax was Sh242 Billion (2020) down from Sh259 Billion (2019) largely due to the impact of Covid-19 Pandemic on client …
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