Uganda’s largest bank by assets and deposits, Stanbic Bank, has posted an incredible 26.5 percent growth in assets from UGX 6.1trillion to UGX 7.7 trillion, Half Year results for year 2020 show. In their first half year, Stanbic’s lending grew by 24.0% to UGX 3.4 trillion from UGX 2.7 trillion in June 2019 while maintaining the Compound annual growth rate (CAGR) of 16.4% which hasn’t changed for the last 5 years. The bank also saw its customer deposits increase by UGX1.1 trillion (26.6% year on year growth) from UGX 4.1 trillion in June 2019 to UGX 5.2 trillion in June…
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