Stanbic dividends: Heads for good profit year
It’s Uganda’s largest bank by assets, Stanbic Bank posted a 20.7% surge in pre-tax profit in the first six months of 2023, supported by higher interest income according to officials. The bank earned UGX 263.4 billion profit before tax (about $70.62). This positive performance in a tough business environment. Its net interest income grew 34.3% in the first half of the year.
USE listed Stanbic Uganda Holdings Limited's total share trading liquidity in the past 12 months, as of 4th August 2023, was US$2.5M (UGX9.36B). The bank is an extension of South Africa's Standard Bank Group in the EAC region. Joan Salmon has more.
