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Standard Chartered Bank Uganda has unveiled its latest deposit campaign dubbed “Jaguza ne Standard Chartered,” designed to reward clients for saving, transacting and maintaining deposits with the Bank. Running from…
Ten years ago, when Standard Chartered Uganda had just launched wealth advisory services, the first client I met said “Diving into the world of investments is like trying to solve a Rubik’s cube blindfolded.” I found this analogy particularly amusing because several trials later, with my eyes wide open, I still have not succeeded in completing one. Just like with my client, investing is still a dilemma for many Ugandans: where do you even begin, and what investment option should you choose? Meet 32-year-old Rose. Rose works for a corporate firm in Kampala, from 8:00 am to 5:00 pm daily….
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The Bank of Uganda has awarded Standard Chartered Bank, the Best Performing Primary Dealer Market Maker (PDDM)of the year for the year ending September 2023. The Primary Dealer Market Makers system was launched in 2005 to enhance the government securities market by improving liquidity, pricing efficiency, and secondary market trading activity. There are 08 banks playing this role. They are Absa, Centenary, Citi, dfcu, Equity, Housing Finance, Stanbic and Standard Chartered Bank. Citibank and Equity are the latest entrants to the PDMM system. To arrive at the best dealer, the Central Bank’s performance criteria focused on posting two-way pricing…
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Standard Chartered Bank has launched the SC Shilingi Funds⏤ a low-ticket money market fund for Standard Chartered Bank clientele that is 100% digital and available on the SC Mobile app. SC Shilingi Funds allows clients to invest amounts of as low as UGX20,000, and earn competitive interest as well as be able to withdraw their funds anytime. Standard Chartered Bank is the first bank to offer such a proposition in the market. The launch event was held at Kampala Sheraton Hotel on 21st June 2023 and was presided over by the Minister of ICT Dr. Chris Baryomunsi; the Bank’s CEO,…
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Lydia Nakamya, a banker with over 16 years of experience has been appointed the new General Manager, Affluent Banking and Wealth Management at Standard Chartered Bank effective January 2023. She, most recently, headed the Digital Banking and Partnership team where she recorded “a double year-on-year growth across all metrics”. “With her experience in the innovation space, she brings a whole new approach to the Affluent business,” reads an announcement by the bank about her appointment. Lydia, is no stranger to the affluent banking and wealth business, she has previously headed Priority client relationships at the bank, building a “successful 10-year…
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