Stanbic Bank Uganda records 12% rise in profits in 2015

By Silvia Nyambura Stanbic Bank has posted a 12% growth in profits to record Ushs 150.8 billion for the year ending December 2015 compared to Ushs 135 billion in 2014. The bank also recorded Ushs 532.5 billion in revenues with overall deposits averaging at Ushs 3.1 trillion up by 12% from the previous year. The total loan book grew by 20%, with an end year closing balance of Ushs 2.2 trillion u