KAMPALA — Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank, recorded a profit after tax of UGX 278 billion in the first half of 2025, reflecting an 18 percent growth compared to the same period last year.
Customer deposits climbed nearly 29 percent to UGX 8.4 trillion, while the lending portfolio expanded to UGX 4.9 trillion, a 12.9 percent increase year-on-year. The group delivered a return on equity of 27 percent, surpassing its 20 percent target, with its cost-to-income ratio remaining comfortably below 50 percent.
Government revenues also benefited, as SUHL remitted UGX 273 billion in taxes during the six months—up 37 percent from 2024. Additionally, through Stanbic Bank’s digital platforms, taxpayers channeled UGX 5.8 trillion to the Uganda Revenue Authority.
Beyond the flagship bank, SUHL’s portfolio includes SBG Securities, Stanbic Properties, fintech subsidiary Flyhub, and the Stanbic Business Incubator, which supports enterprise growth and capacity building.
According to SUHL Chief Executive Francis Karuhanga, corporate and investment banking registered strong momentum with a 17 percent jump in lending and a 52 percent rise in deposits. Business, commercial, private, and personal banking segments also saw healthy growth, underscoring Stanbic’s broad impact across the economy.
“Our strategy remains centered on enabling Uganda’s transformation by increasing access to finance for SMEs, women, and youth-led enterprises,” Karuhanga noted. The bank injected UGX 288 billion in new SME financing during the first half, growing the loan book to UGX 968 billion.
Through the Women, Youth and Farmers Growth Agenda—a three-year program worth UGX 1 trillion—Stanbic is extending inclusive financing. Stanbic Bank CEO Mumba Kenneth Kalifungwa emphasized that “as the bank grows, customers and communities must equally share in the benefits.”
Agriculture lending reached UGX 398 billion, including UGX 65 billion channeled to farmer SACCOs. This initiative has directly supported over 405,000 SACCO members and impacted more than 2.5 million Ugandans by providing affordable credit at interest rates of 10–12.5 percent.
Women entrepreneurs also gained ground, with more than 4,000 businesses led by women accessing UGX 40 billion in loans—an 8.6 percent rise compared to 2024.
Among SUHL subsidiaries, SBG Securities stood out, with assets under management reaching UGX 216 billion, up 327 percent year-on-year, while its Unit Trust client base expanded by 320 percent.
Meanwhile, the Stanbic Business Incubator supported 1,500 SMEs with training in governance, financial management, and growth strategies—achieving half of its 2025 target within six months.
SUHL says its multi-pronged approach—anchored by banking, innovation, and enterprise development—positions it as a key driver of sustainable economic growth in Uganda.