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Stanbic Bank Uganda- Page 7

Mulalo Madula, Economist at Standard Bank. She says the significant uptick in business activity may contribute to increased inflationary pressures alongside reported increases in staff, electricity, fuel, and construction material costs

Employment, new orders rise in expanded purchasing activity

Conditions in Uganda’s private sector continue to improve as the latest data for the monthly Stanbic Purchasing Managers Index (Stanbic Bank PMI) showed output, new orders and employment all increasing over the
December 6, 2022
Fuel payment is among the leading hard cash transactions in the country and a key target in Uganda’s quest to become a cashless economy and this has since seen the Parliament amend the National Payments Act to safeguard consumers from harm that may arise from using e-payments. Courtesy photo

Stanbic PMI shows third successive rise in new orders

Business conditions for Uganda’s private sector were unchanged at the start of the fourth quarter of the year, following two months of improvement, the latest Stanbic Purchasing Managers’ Index (PMI) released reads
November 4, 2022
Anne Juuko – CEO, Stanbic Bank Uganda giving remarks at the Standard Bank Group’s 160th-anniversary celebration at Serena Hotel Kampala

BoU commends Stanbic for innovation, rational lending practices as it marks mother Group’s 160th anniversary

The Bank of Uganda – BoU has commended Stanbic Bank Uganda for rational lending practices on interest rate for loans, credit cards and lines of credit. Tumubweine Twinemanzi, Executive Director of the
October 14, 2022
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Peers and former colleagues and supervisors describe Israel Arinaitwe, an alumnus of Ntare School and Makerere as a passionate, high-performing and strategic business leader and banker, as well as a thought leader. PHOTO/Courtesy

PROFILE: Who is Israel Arinaitwe, Stanbic Bank’s Ag. Executive Head for Consumer & Affluent Banking?  

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
September 8, 2022
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Stanbic Bank’s Head of Customer Solutions Miriam Naigembe (left) and Sonia Karamagi, Manager—Customer Experience pose with the Best Innovation in Retail Banking International Award.

Now-Now loans, FlexiPay earn Stanbic International Innovation Award

Stanbic Bank Uganda’s ‘Now-Now loans’ and FlexiPay, have won the lender international recognition for ‘Best Innovation in Retail Banking.’ The award by the London based International Banker Magazine, is open to banks
June 9, 2022
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Ronald Muyanja, the Head of Trading at Stanbic Bank Uganda. He says some firms reported that they had been able to secure new customers over the month, thereby leading to higher new orders

Persistent high fuel prices hike input cost in May – Stanbic report

The persistent high cost of fuel contributed to negative private sector activity in May with the Stanbic Headline Purchasing Managers Index (PMI) dropping to 51.5 from to 53.9 recorded in April—readings above
June 7, 2022
Sim Tshabalala, Standard Group CEO says Standard Bank has committed to several programmes to advance gender equity both inside and outside its business

Standard Bank voted African Bank of the Year for 2022

On May 26, Standard Bank claimed the prestigious title of ‘African Bank of the Year’ at the esteemed 2022 African Banker Awards held in Accra, Ghana. The title is a testament to
May 31, 2022
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