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Stanbic Bank’s Head of Personal Banking, Israel Arinaitwe, often returns to a lesson Adam Smith captured in The Wealth of Nations: economic progress depends on a society’s stock of capital. To him, it’s not just a theory—it’s a mindset Ugandans can adopt to improve their lives today and strengthen the future for generations to come. In an interview with the CEO East Africa Magazine, Israel frames that idea through Stanbic Bank’s latest brand campaign, Keep Growing. He describes it as more than a slogan, rather, a national call to action aligned to the bank’s purpose. “At Stanbic, we say, Uganda…
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In a fast-changing Uganda, the definition of wealth is shifting. It’s no longer just about today’s comfort — it’s about building legacies that last. Across the country, more people are looking beyond simple savings accounts, asking bigger questions: How can I secure my children’s education? How do I grow my business into a family enterprise? How do I invest for a retirement free of financial worry? For Stanbic Bank Uganda, these aren’t abstract questions. They are the daily reality of its Personal & Private Banking (PPB) division — a business unit undergoing a strategic transformation to put generational wealth creation…
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For most working Ugandans, the dream of owning a decent home remains just that—a dream. With soaring construction costs, high interest rates, and a complex mortgage application process, many lower-middle-class…
Ugandans hoping to live under their own roof and end renting have a new opportunity to do so with 100% financing from Stanbic Bank, courtesy of a new lending campaign dubbed, “Oli Sorted” While speaking to the media, Israel Arinaitwe, the Head of Personal Banking at Stanbic Bank said, the campaign is a timely response to address the needs of customers who require financing different aspirations in life. “We are simply responding to what we hear and see from the feedback of our customers—they are tired of renting, they want to get more money, but they also want longer repayment…
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Stanbic Bank Uganda has today, unveiled ‘a financial relief package’ in a campaign dubbed “Wumula ka Stress— (relieve your stress)” whose benefits include, up to a 75-days’ grace period before the start of an 84-month repayment period for customers who take new personal loans or top-ups, between January and April 2023. Stanbic is Uganda’s largest bank and Uganda’s largest lender. Unveiling the campaign today, at the bank’s head office, Emma Mugisha, the bank’s Executive Director and Head of Business Banking, said the 90-day campaign is designed for parents, schools, and suppliers, ahead of the start of the 2023 academic year….
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Stanbic Bank, Uganda’s largest bank by deposits, lending, income, profitability and assets, last week announced it had refreshed its ‘Get It Done’ loan campaign launched in May 2022 with even bigger loan limits and a longer repayment period. The bank announced that it would give up to UGX250 million per customer on unsecured lending with repayments of up to 84 months and at 0% arrangement fees, a move that Israel Arinaitwe, Acting Head, Consumer & High Networth, said was designed to give the bank’s customers breathing space, amidst the back-to-school period and a squeezed economic activity period. What caught our…
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Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans. The promotion is a continuation of the ‘Get It Done’ loan campaign that was launched by the Bank in May 2022 and will run from August 29 to October 21, 2022. Other benefits of the promotion include an unsecured loan of up to UGX250 million accessible within two minutes using Stanbic Mobile Banking service on *290# and a cash-back of UGX500, 000. A total of 100 winners will…
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Ugandans looking to buy their first house can now do so with up to 100% financing from Stanbic Bank at 14.5% in a move aimed at helping working Ugandans to live rent-free and channel resources to invest in their own property. Part of its new campaign dubbed—Get it done—the bank has also slashed lending rates on personal consumer loans to 15.5%, the lowest in the market—and accessible within two minutes to prequalified customers—through the lender’s mobile banking platform. Customers with loans in other banks can also migrate to Stanbic Bank under special terms and settle their obligations at lower rates—they…
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Hardly two years after assuming the role of Retail Banking Director at Barclays Bank, Uganda, Kumaran Pather is said to be headed to Orient Bank as Managing Director. According to 3 separate sources, this reporter talked to, Kumaran has resigned his position at Barclays Bank and as he waits for Bank of Uganda’s approval. Section 54 of the Financial Institutions Act (2004) requires all bank board directors to undergo a fit and proper test, carried out by the Central Bank. Orient Bank is Uganda’s 12th largest bank by assets (UGX750bn:2018) and 8th largest by customer deposits (UGX618: 2018). Kumaran is…
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