COVID-19: Stanbic Bank unable to pay shareholder dividends
Stanbic Bank Uganda will not pay shareholders’ dividends for the period ended December 31st 2019 because of the Central Bank directive to defer the payment of all discretionary distributions.
In a statement, the chairman Stanbic Uganda Holdings Limited Japheth Katto says:
“Further to the communication of April 15th, 2020 regarding the Bank of Uganda directive to Supervised Financial Inst