Tag Archives: Stanbic

Kampala, Uganda | THE INDEPENDENT | Stanbic bank has launched the 4th edition of its National Schools Championship under the theme ‘empowering the job creators of tomorrow.” The annual competition, according to officials, seeks to equip secondary school students with business and enterprise skills in a bid to nurture entrepreneurship, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity increased for December 2018 signalling improved business environment. The Stanbic Bank Purchasing Manager’s Index (PMI) for manufacturing and services rose to 56.6 for December from 55.7 recorded in the previous month owed to increased demand for various products and services. Anything …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank is set to open three more business incubation centres countrywide as it seeks to tap into investments in the oil and gas industry ahead of the production. Patrick Mweheire, the bank’s Chief Executive, said the lender will open the three training centres in …

Kampala, Uganda | JULIUS BUSINGE | The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October up from 54.2 in September, recording above the 50.0 no-change mark for the 21st successive month. This reading is the highest since the survey began in June 2016. Four of the five monitored …

Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …

Kampala, Uganda | IAN KATUSIIME | It was a night of glory for Stanbic Bank when Samuel Fredrick Mwogeza, the Chief Financial Officer won top honours at the 2018 CFO Awards on Oct. 18 at a ceremony held at Kampala Serena Hotel. Mwogeza scooped the CFO of the Year and Strategy Execution …

Bank’s CEO is optimistic that the second half will be better Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank has recorded same net profit in the half year of 2018 as it was last year, underscoring how the industry is struggling to grow in the era of low interest rates and …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has scooped the 2017 Bank of Uganda Best Performing Commercial Bank of the Year in Government Securities award, Governor Emmanuel T. Mutebile announced on April 10. This is the 13th time the BoU was holding this event. It was also Stanbic’s sixth consecutive …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has recognised Stanbic Bank Uganda Ltd as the best performing bank in Uganda government securities for the year 2017. This is the sixth consecutive year that Stanbic has won the award. Launched in 2005, the Primary Dealer (PD) system aims to …

Stanbic records sharp drop in profits as DFCU’s NPL nearly doubles Kampala, Uganda | ISAAC KHISA | Uganda’s banking industry appears to be heading towards tougher times again, according to the industry executives.This is owed slow private sector credit growth, volatile trading security market and the declining interest rates amidst …