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Tag Archives: stanbic bank

Uganda’s PMI rises to 54.9 in January: report

Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued on Friday. The threshold of 50 is a baseline to indicate an increase or a decline in business conditions. The monthly report issued by Stanbic Bank …

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Stanbic Bank meet exposes deals for schools

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has taken bold steps to support parents, teachers and schools as learners settle in class after nearly two years of education sector closure. Speaking at a recent virtual forum titled ‘Bank of Uganda address on credit relief measures for school loans’ organized …

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Stanbic Bank commemorates Prof. Mutebile

Kampala, Uganda | THE INDEPENDENT | 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 …

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Uganda’s PMI drops to 51.5 due to job losses, price pressures

Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) fell to 51.5 in December last year, down from 54.1 in November, Stanbic Bank reported on Wednesday. The new reading in the monthly report issued by Stanbic Bank, Uganda’s largest bank, attributed the decline to price pressures and a drop …

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Stanbic Bank donates medical mama kits to Kawempe Referral Hospital

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda together with other well-wishers, have donated medical mama kits worth UGX35.5 million to Kawempe Referral Hospital as part of its year-ender Corporate Social Investment programme. The donation is part of an ongoing campaign in which the bank and several other organisations and …

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Stanbic Bank announces new loan offers at special interest rate

Kampala, Uganda | THE INDEPENDENT | As 2021 gets to the end, Stanbic Bank Uganda has unveiled what it terms as ‘exciting offers’ on unsecured personal loans effectively activating the festive mood among customers. In a Nov.01 media statement, Uganda’s largest bank by assets, said, the promotional offer runs until end …

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Stanbic seizes Mogas over failure to service bank loan

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has taken control of petroleum products distributor MOGAS, after the latter reportedly failed to pay back a three-year loan. The bank immediately put the company, whose full name is: Maestrol Oil and Gas Solutions under receivership to recover it’s money. Non of …

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Retired banker loses home to money lender

Kampala, Uganda | THE INDEPENDENT | A 68-year-old retired banker and his wife are stranded after being thrown out of their home by a money lender. Francis William Balyokwayibwe was a manager at Stanbic Bank by the time he retired 16-years ago after a 28-year career that started at Uganda Commercial Bank …

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