Uganda Banking results 2019 Archives

Mrs Patricia Adong Ojangole, UDB managing director

Uganda Development Bank Assets Hit Record UGX486 billion

The growth is attributed to the increase in the Government of Uganda capital contribution as well as draw down of lines of credit making the bank one of the heavy weights in

May 27, 2020

The Big Story

Mathias Katamba has steered dfcu bank from a bumpy 2018, posting double-digit growth for 2019 across most major fundamentals.

INTERVIEW: dfcu’s Mathias Katamba talks resilience and innovation in 2019 and a cautious 2020

How was 2019 for dfcu Bank? In 2019, we steered the organisation through another year of success and growth; the operating environment was generally positive with a few challenges along the way,

March 31, 2020

Banking & Financial Services·Company News

Anne Juuko, Stanbic Bank’s new Chief Executive Officer, says that as Uganda’s largest bank by assets, Stanbic is at the heart of the economy and has the duty to ensure it support its clients and the economy to get back on its feet.

STANBIC’S NEW CEO, ANNE JUUKO: “We have both the responsibility and ability to support our clients and the economy wither the COVID-19 storm”

Most borrowers tend to hide away from their banks at the very first sign of trouble. And as COVID-19 related business complications begin to make landfall for many businesses in Uganda in

March 27, 2020

Banking & Financial Services·The Big Story

Patrick Mweheire, the Chief Executive Office for both Stanbic Uganda Holdings and Stanbic Bank Uganda in 2019, in whose reign the bank’s size and profitability grew from UGX3.5 trillion to UGX6.6 trillion and UGX135 billion to UGX259 billion respectively, gives key insights about the 2019 performance.

INTERVIEW: Patrick Mweheire tells the facts behind Stanbic’s record UGX259bn (USD67.1 mn) in profit.

Please mention a few key highlights for Stanbic Bank in 2019? We delivered another great performance and were able to improve on all our key performance goals. We grew our deposits by

March 27, 2020

Banking & Financial Services·The Big Story·Thought Leadership

Stanbic Bank, Uganda's largest lender with more than 20% market share. BoU has made it clear that while the credit relief measures are at the discretion of the individual financial institution- the banks should exhibit fairness and objectivity

Stanbic posts record UGX259 billion profit in 2019 on the back of double-digit growth on all bank fundamentals

Shareholders of Stanbic Uganda Holdings Limited will walk away 13.2% richer than last year, following the board’s recommendation of UGX2.15 per share dividend for 2019, up from the UGX1.9 paid for 2018.

March 26, 2020

Company News·The Big Story