Stanbic Holdings reports UGX155 bn in H1 2021 net profit, backed by innovative credit expansion to pandemic-hit economy Unlike some financial institutions that continue to react to the pandemic by squeezing back on lending, Stanbic’s performance shows that you can still innovatively lend to pandemic-hit clients and still make money for your shareholders.

Stanbic Uganda Holdings Limited (SUHL), a member of the Standard Bank Group, has today released its H1 2021 results, reporting powerful performance across all business fundamentals, compared to the same period in 2020. According to results released, today, Friday, August 6, 2021, customer deposits increased to UGX5.7 trillion in June 2021 compared to UGX5.2 trillion in June 2020, indicating a 9.5% growth. Assets also grew by 9.8% driven by an increase in loans and advances amounting to UGX 3.8 trillion compared to UGX 3.4 trillion in June 2020. As a result, SUHL earned UGX154.9 billion in net profit representing an…