KAMPALA, August 18, 2025 – Stanbic Uganda Holdings Limited [SUHL] has released its financial results for the first half of 2025, reaffirming its strategic commitment to supporting Uganda’s economic development and fiscal sustainability as a leading financial services provider.
According to the published financial statements, the group posted a gross profit of Shs 355 billion for the six months ending 30 June 2025, up from Shs 318 billion recorded in the same period last year.
Loans and advances to customers grew by 12.9 percent, rising from Shs 4.4 trillion to Shs 4.9 trillion, while customer deposits increased significantly by 28.9 percent to Shs 8.4 trillion, up from Shs 6.6 trillion in the corresponding period of 2024.
Cash and balances held with the Bank of Uganda rose to Shs 1.2 trillion, compared to Shs 811.9 billion in the same period last year. The bank’s total assets also expanded to Shs 11.8 trillion, up from Shs 9.8 trillion a year earlier, while shareholders’ equity rose to Shs 2.2 trillion, up from Shs 2 trillion.
Despite this strong financial performance, dividends remained unchanged at Shs 140 billion, even as net profit climbed by 18.2 percent to Shs 278 billion, compared to Shs 236 billion in the first half of 2024.
Stanbic Bank Uganda, the group’s anchor subsidiary, continued to drive growth across various business segments. SUHL Chief Executive Mumba Kalifungwa attributed the strong results to disciplined risk management and innovation.
“Our strategic focus on innovation, customer-centric solutions, and disciplined risk management enabled us to grow lending and deposits significantly during the period,” Kalifungwa said.
“Corporate and Investment Banking delivered a 17 percent increase in lending and a 52 percent rise in deposits, while our Personal & Private Banking and Business & Commercial Banking units also recorded robust growth. This balanced momentum demonstrates the broad appeal of our products and our resilience in serving Uganda’s diverse economic sectors.”
Chief Financial and Value Management Officer Ronald Makata credited the performance to operational discipline and financial prudence.
“Our performance reflects the strength of our diversified business model and prudent management. We maintained a cost-to-income ratio well below 50 percent, and credit losses were kept at just 0.2 percent, indicating high efficiency,” Makata said.
“A 27 percent return on equity and stronger non-interest revenue streams position us to meet our ambitious 2025 targets while continuing to deliver value to shareholders and stakeholders.”
Stanbic’s support for local entrepreneurs was also evident in the period under review, with Shs 288 billion in new capital injected into Ugandan businesses, bringing its total SME loan book to Shs 969 billion.
The bank extended Shs 398 billion in loans to the agriculture sector, of which Shs 65 billion reached small-scale farmers through the Stanbic SACCO Programme.
“Our SACCO lending and capacity building programme has directly empowered over 405,000 SACCO members and more than 2.5 million Ugandans, by offering affordable credit at interest rates between 10 percent and 12.5 percent,” the bank stated. “This initiative supports financial inclusion in rural communities.”
Stanbic further reported that over 7,600 SACCOs [Savings and Credit Cooperative Organisations] and Village Savings and Loan Associations [VSLAs] have opened accounts with the bank, collectively mobilising deposits exceeding Shs 430 billion.
“This savings revolution is helping to build stronger and more resilient rural economies across Uganda,” the bank noted in its commentary accompanying the financial disclosures.
https://thecooperator.news/stanbic-increases-ceiling-for-unsecured-sacco-loans-to-shs-4bln/
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