Stanbic Bank Uganda’s leading financial services group has posted impressive profits amounting to shs 278 billion in the six months ending June 30, 2025.
According to the Bank Chief Executive Officer Mumba Kalifungwa this 18% increase compared to la years performance.
In a media press conference held at the Banks ofices in Kampala Francis Karuhanga, Chief Executive Officer of Stanbic Uganda Holdings Limited, emphasized the Group’s dual purpose of business success and national development.
“Our strong half-year performance reflects not just sound business execution but also our unwavering commitment to driving Uganda’s growth. Paying Shs 273 billion in taxes is a tangible demonstration of how our commercial achievements translate into critical support for the country’s fiscal objectives.,”he said.
“Additionally, we also facilitated over Shs 5.8 trillion in tax payments through our banking channels on behalf of the Uganda Revenue Authority, underscoring our critical role in mobilizing domestic resources for development priorities.”Karuhanga added.
Mumba said Stanbic Bank Uganda will continue to focus on innovation, customer-centric solutions, and disciplined risk management to grow lending and deposits going forward.
“Our strong performance in the first half of 2025 was driven by significant growth across our core business units. Corporate and Investment Banking delivered a 17 per cent increase in lending and a 52 per cent rise in deposits, while our Personal and Private Banking and Business and Commercial Banking units also posted robust growth in both lending and deposits. This balanced momentum across key segments demonstrates the resilience and broad appeal of our products and services, enabling us to meet the diverse needs of Uganda’s economy.”
Ronald Makata, Chief Financial and Value Management Officer said the Group’s performance is a clear testament to the resilience of our diversified business model and prudent financial management.
“Our 27 per cent Return on Equity and improved non-interest revenue streams position us well to meet the ambitious targets set for 2025 while continuing to deliver value to shareholders and stakeholders alike.”he stated.
