Stanbic posts record UGX259 billion profit in 2019 on the back of double-digit growth on all bank fundamentals In 2019, Stanbic continued to be the lender of choice, lending out UGX 344 billion in new loans to key sectors of the economy, a feat that Anne Juuko, the new CEO said she will build on, to continue providing the right solutions to the bank’s clients especially in the wake of COVID-19.

Shareholders of Stanbic Uganda Holdings Limited will walk away 13.2% richer than last year, following the board’s recommendation of UGX2.15 per share dividend for 2019, up from the UGX1.9 paid for 2018. This follows what Patrick Mweheire, the Chief Executive of Stanbic Uganda Holdings Limited, called “another great performance” that saw the bank “improve on all our key performance goals.” “We grew our deposits by 21% as more customers trusted us with their money and our loans and advances grew by 14% by – availing UGX 344 billion of new credit to key sectors of the economy such as manufacturing,…