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Stanbic posts record UGX259 billion profit in 2019 on the back of double-digit growth on all bank fundamentals In 2019, Stanbic continued to be the lender of choice, lending out UGX 344 billion in new loans to key sectors of the economy, a feat that Anne Juuko, the new CEO said she will build on, to continue providing the right solutions to the bank’s clients especially in the wake of COVID-19.
Stanbic Bank, Uganda's largest lender with more than 20% market share. BoU has made it clear that while the credit relief measures are at the discretion of the individual financial institution- the banks should exhibit fairness and objectivity