Stanbic Uganda Holdings Limited (SUHL) has announced it grew its net profits by 11% in 2021 to earn UGX269billion from Ush.242billion in 2020, driven by robust growth in non-interest income earned by mostly Stanbic Bank Uganda Limited, its anchor subsidiary. Other subsidiaries of SUHL include SBG Securities Uganda Limited, Stanbic Business Incubator, Stanbic Properties Limited, and FlyHub Uganda; however, these are new companies still in their formative stages to support the bank serve its customers beyond offering traditional financial services. Stanbic Bank is Uganda’s largest bank by assets, deposits, income, lending and the most profitable of the 25 active banks….
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Stanbic Bank Uganda has made a donation of medical mama kits worth UGX30million to Kawempe Referral Hospital. The donation is part of the bank’s sustained ‘Every Mother Counts’ campaign aimed at saving the lives of Ugandan women through improved maternal health. While handing over the kits to the hospital administration, Anne Juuko, the Chief Executive of Stanbic Bank said, “the bank’s goal is to contribute to the new target of the Sustainable Development Goal three (SDG3) to accelerate the decline of maternal mortality by 2030.” The ‘Every Mother Counts’ campaign has been running for nearly two years, with Kawempe Referral…
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Have you been wondering what a social media hashtag #OneStepCloser that has been gaining popularity in recent weeks, is about? #OneStepCloser is Stanbic Bank Uganda’s new brand campaign aimed at rallying Ugandans to pursue their dreams and rebuild their businesses after the pandemic. In a statement to the press, Daniel Ogong, Stanbic Bank Uganda’s Head of Marketing and Customer Experience says the brand campaign is aimed at cheering Ugandans to believe and not to give up on their dreams—with Stanbic Bank as their partner. “Every story should be placed in context and ours as a country is very clear—we have…
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The London based Global Brands Magazine (GBM) has named Anne Juuko, the Chief Executive for Stanbic Bank Uganda as the ‘Best Woman CEO’ in Uganda’s Banking sector for the year 2021. Uganda has 27 commercial banks, four of which, including a development bank, are headed by women. In addition, Stanbic Bank won two other accolades including, Trusted Banking Brand, Africa 2021 and Best Banking Brand, Uganda 2021. Andrew Mashanda, the Chief Executive Officer for Stanbic Uganda Holdings Limited said: “By winning these top accolades, Stanbic Bank is sending a signal to the market that it is the best in terms…
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Students at Makerere University can now acquire brand new laptops with ease, thanks to a new financing scheme reached between Stanbic Bank and Makerere University management. The scheme was unveiled to the students’ community today, during a press conference held in the Freedom Square and will provide student financing for the purchase of laptops to enable learners carry out their research projects and other assignments. Speaking at the financing scheme unveiling at the lender’s Makerere University branch, Stanbic Bank Uganda Chief Executive Anne Juuko said, “the pandemic has changed the way learning is delivered to students and we must adjust…
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A consortium of five organizations has today commissioned two studies to define business opportunities in the agriculture, and housing sectors linked to Uganda’s emerging oil and gas economy. This comes a day after government signed the Final Investment Decision (FID) for the crude oil pipeline, Tilenga and Kingfisher Oil development projects. The Consortium of partners includes Stanbic Bank Uganda, aBi Finance, Economic Policy Research Centre (EPRC), Stanbic Properties Limited, and the Petroleum Authority of Uganda (PAU)—– the government agency that monitors and regulates the exploration, development, production, together with refining, transmission, and storage of petroleum in Uganda. In one of…
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Stanbic Bank Uganda is planting 72 fruit trees at its tier one branches across the country in honour of the fallen Bank of Uganda Governor Prof. Emmanuel Tumusiime-Mutebile who died at 72 years of age. Anne Juuko the Chief Executive of Stanbic Bank Uganda planted the first of 72 fruit-trees, a jackfruit, at the lender’s Kyambogo branch, accompanied by the University Deputy Vice Chancellor, Dr. Musoke Maria, Director Finance, Planning and Administration, National Council for Higher Education, Arthur Babu Muguzi, and Grace Baguma, Director, National Curriculum Development Center. “We are planting the trees across our branch network around the country….
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Apollo Nelson Makubuya, a senior partner at MMAKS Advocates, one of Kampala’s top corporate law firms, is set to wed Anne Juuko, the Stanbic Bank Chief Executive, CEO East Africa Magazine, can exclusively reveal. According to sources, Mr. Makubuya engaged Ms. Juuko last week, at a discreet ceremony and thereafter shared the news with close family and friends in a variety of private social media messages. “Dear friends, I am pleased to announce that Omumbejja Anne N. Juuko and I were engaged this last Sunday. We plan to get married this year. We thank all of you for your love…
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The final month of 2021 saw further increases in output and new orders in the Ugandan private sector as demand continued to improve, according to Stanbic’s Purchasing Managers’ Index published today. However, the index shows, employment decreased following a rise in November and that price pressures were evident again. As a result, the headline PMI fell to 51.5 in December, down from 54.1 in November. Although pointing to a fifth successive improvement in business conditions in the private sector, the latest PMI figure was below the average since the series began in June 2016. Ronald Muyanja, the Head of Trading…
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Stanbic Bank Uganda has earmarked UGX60 billion booster financing to be acquired by the schools to be able to reopen after two years of closure. Under the discounted booster finance, schools are able to borrow up to UGX500M in collateral-free (unsecured) loans to prepare their institutions for reopening. Parents can also access up to UGX250million in unsecured loans processed digitally and dispersed within five minutes at zero processing fee. Stanbic Bank further revealed that its decision to waive all 2021 unpaid accumulated interest on loans to privately owned schools is a proactive initiative based on the understanding that schools have…
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