Stanbic Bank cuts Prime Lending Rate

By Our Reporter Uganda’s commercial banks have begun to react to Bank of Uganda’s (BOU) decision to reduce the Central Bank Rate (CBR) from 16% to 15% in the 2 month period ending June 2016. Stanbic, the largest bank in Uganda by assets has today announced a reduction in its prime lending rate from 24% to 23%. In a statement seen by The CEO Magazine, Stanbic Bank CEO Patrick Mweheire sai