I’ve been a minority shareholder in Stanbic Bank Uganda for a while now. And like many retail investors, I occasionally take an interest in their performance, most times I just…
Stanbic Bank Uganda has announced the appointment of Paul Muganwa as an Executive Director on its Board, in addition to his existing role as Head of Corporate & Investment Banking…
Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive. His appointment, first…
News is settling in, and the CEO East Africa Magazine has independently verified that the towering Mumba Kenneth Kalifungwa, previously the Managing Director at Absa Bank Uganda, is set to be the new Managing Director at Stanbic Bank Uganda. This ends months of speculation on who will be the next Chief Executive of Uganda’s largest bank by assets, deposits, profits and lending. Stanbic Bank at the end of 2023 had UGX6.33 trillion in deposits, UGX4.22 trillion in lending, and UGX9.26 trillion in assets. Total income was UGX1.26 trillion and net profit at UGX421.4 billion. Mumba, when he takes on the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda has announced an increase in its unsecured loan offering to Savings and Credit Cooperative Organizations (SACCOs) from sh200 million to sh4 billion, attained at an interest rate of only 10%. This bold step was unveiled during the bank’s SACCOs Forum, recently hosted at Onomo Hotel in Kampala. Francis Karuhanga, the Chief Executive of Stanbic Holdings Uganda Limited (SUHL) said the decision to elevate the SACCO preposition is a strategic response to the feedback gained from the previous engagements with Cooperative leaders across the country and the growing demand for affordable financial solutions, a move that perfectly…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda has redefined luxury banking with the launch of its new Visa Infinite Card, offering a suite of exclusive benefits tailored for high-net-worth clients. Unveiled at a fine dining event at the Kampala Serena Hotel, the Infinite Card promises unparalleled financial freedom and an elevated customer experience for Uganda’s affluent clientele. Features include no annual fees, global acceptance, and enhanced rewards programs. Kiwanuka said, “Today marks a significant milestone for us. Our Infinite Card embodies our commitment to innovation and customer-centric banking, extending the world of limitless possibilities because at Stanbic, it’s not just banking!” Kiwanuka said card…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Fort Portal Regional Referral Hospital is currently facing an increase in patient numbers, particularly casualties from motor accidents, which is putting immense strain on its limited resources. Acting Director Dr. Oscar Kaliisa shared this information over the weekend while receiving a donation from Stanbic Bank Uganda, which included five wheelchairs and a 10,000-litre water tank. Additionally, the bank contributed two more 10,000-litre tanks and various scholastic items to Rusekere Secondary School, bringing the total value of the donations to approximately UGX 25 million. A team from Stanbic Bank Uganda led by Peace Nyangoma (in black jacket), cutting a tape while…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda recently hosted an exclusive fine dining event for its Private Clients at the Kampala Serena Hotel, exemplifying luxury and refinement. The highly anticipated gathering brought together the crème de la crème of Ugandan corporates, including business leaders, influencers, and high-net-worth individuals who enjoyed an exquisite culinary experience featuring a carefully crafted menu of international cuisine and fine wines. The atmosphere was electric, enhanced by soothing performances from renowned artist Soet Angel Kabera and the Black Roots Academy of Soul band, led by Tshaka Mayanja. The live music during the blue carpet session added to the evening’s allure,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda has donated essential medical supplies and equipment valued at UGX 26 million to two health facilities in Nakaseke district. This initiative aims to strengthen maternal healthcare services in the district, reflecting the bank’s commitment to Corporate Social Investment (CSI) and also a continuous celebration of the October LO.V.E month. The donation was made to Butalangu Health Centre III and Wakyato Health Centre III, with essential items including patient monitors, delivery beds, Dopplers, Fetoscopes, instrument sets for delivery, blood pressure machines, medical refrigerators, Mama Kits, examination couches, and ultrasound machines. These contributions are expected to significantly enhance the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda, a subsidiary of Stanbic Uganda Holdings Limited, has donated medical equipment worth Sh15 million to St. Benedict’s Butende Health Centre III in Masaka City. The donation, made as part of Stanbic’s October L.O.V.E (Living Our Values Every day) month, included two maternity beds, a suction machine, and 100 Mama Kits, supporting maternal health services at the facility. While handing over the equipment, Daniel Ogong, Stanbic Bank’s Head of Marketing, emphasized the bank’s commitment to community upliftment. “October is the high point of our corporate social investments program, covering health, education, and the environment. It’s a time when…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
