Banking sector in Uganda Archives

Banks Make UGX 874Bn Profits During Lockdown

by URNFinanceDecember 1, 2020December 1, 2020

A Bank of Uganda (BoU) report has revealed that commercial banks recorded profits to a tune of UGX874 Billion between March and September 2020. This is despite the Covid-19 pandemic…

2020 Half Year financial results: Stanbic Bank assets hit record UGX7.7 trillion

by Samuel MuhimbaCompany NewsAugust 21, 2020August 21, 2020

Uganda’s largest bank by assets and deposits, Stanbic Bank, has posted an incredible 26.5 percent growth in assets from UGX 6.1trillion to UGX 7.7 trillion, Half Year results for year…