RESILIENT: Stanbic Uganda Holdings defies tough times; 2021 profits rise 11% to a record UGX269 billion
Muhereza Kyamutetera
Anne Juuko, the Stanbic Bank Uganda Chief Executive said the business focused on sustained management of asset quality through proactive engagement of customers, restructuring loan repayments, and waiving or suspending interest repayment on loans by client businesses in sectors such as education that were most hit by the impact of covid-19 pandemic.
Stanbic Uganda Holdings Limited (SUHL) has announced it grew its net profits by 11% in 2021 to earn UGX269billion from Ush.242billion in 2020, driven by robust growth in non-interest income…
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