Stanbic Bank Uganda has launch
Stanbic Uganda Holdings Limited (SUHL), to which Stanbic Bank Uganda Limited (SBU) is a subsidiary, published its 2020 full-year results, with profit after tax of Shs242 billion.
The Commercial Court has ordered Stanbic Bank (U) Ltd, Uganda’s biggest bank by assets to pay more than Shs400m after some of its top staff created a sham company that they used to sell to themselves several plots of land belonging to a customer.
The Stanbic Business Incubator has awarded 352 SME’s with certificates in enterprise development program after a three-month completion of the training session in business management, capacity building and upskilling programmes.
Press release -- Stanbic Bank Uganda (SBU) has unveiled a new money transfer service on their Agent Banking platform to allow both banked and non-banked population to send money and receive money on any mobile number using agents.
In a bid to revive the economy, Stanbic Bank is offering quick and affordable loans at the lowest interest rates with no charges on arrangement fees to transfer a loan from another bank, in order to empower individuals and personal businesses.
Andrew Mashanda is the new chief executive of Stanbic Uganda Holdings Limited, according to Japheth Katto, who chairs the board of the financial institution.
As continued easing of the coronavirus-prompted lockdown continues to shore up business activity, companies have regained confidence to hire more employees to meet production demands.
Press release -- Stanbic Bank has donated computers worth
Stanbic Bank has been hit by another fraud, a week after being on the spot for allegedly selling a client's mortgaged properties to the bank’s top employees.