Stanbic Bank pays UGX110 billion in dividends, continues to support clients as the economy recovers

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Stanbic Bank Uganda (SBU) has paid out a total of UGX110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges. At the peak of the Covid-19 pandemic last year, Bank of Uganda (BoU) directed supervised financial institutions to defer all discretionary payments, including dividends, until they