By Our Reporter
Stanbic Bank shareholders approved a Ushs 60 billion payout as dividends at their Annual General Meeting held on 10th May in Kampala. It represents a 50% increment from the Ushs 40 billion paid in 2015 and is equivalent to Ushs 1.17 dividend per share up from Ushs 0.78 the previous year.
Opening the AGM with over 400 shareholders the Board Chairman Japheth Katto said, “2016 was yet another profound year for Stanbic Bank where we continued to ensure the sustainable growth of the bank and post impressive results despite the global and local economic headwinds. A central factor to our sustainability is our commitment to support and enable the transformation of the lives and businesses in the communities where we operate. To that end Stanbic invested more than Ushs 1.1 billion on CSR initiatives in 2016 a 15% increment from 2015.
