Company NewsThe Big Story

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.

by Muhereza Kyamutetera
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
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Shareholders of Stanbic Uganda Holdings Limited will walk away 13.2% richer than last year, following the board’s recommendation of UGX2.15 per share dividend for 2019, up from the UGX1.9 paid for 2018. This follows what Patrick Mweheire, the Chief Executive of Stanbic Uganda Holdings Limited, called “another great performance” that saw the bank “improve on all our key performance goals

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.