By David Mwanje
Stanbic Uganda Holdings Limited (SUHL) has set the financial sector ablaze with a stellar first-half performance in 2025, raking in a Profit After Tax (PAT) of Shs 278 billion a robust 18% leap from the previous year. The financial powerhouse didn’t just stop at profits; it bolstered Uganda’s fiscal backbone by funneling a hefty Shs 273 billion in taxes to the government, a 37% surge from Shs 198 billion in H1 2024.
This dual triumph of commercial success and civic contribution cements Stanbic’s role as a linchpin in Uganda’s economic engine. “Our results are more than numbers they’re a catalyst for national progress,” said Francis Karuhanga, SUHL’s Chief Executive Officer. “By delivering Shs 273 billion in taxes and facilitating Shs 5.8 trillion in tax payments through our banking channels, we’re fueling infrastructure, social services, and Uganda’s bold development vision.”
At the heart of this success is Stanbic Bank Uganda, the group’s anchor subsidiary, which posted impressive growth across its core segments. Corporate and Investment Banking led the charge with a 17% spike in lending and a 52% boom in deposits. Personal and Private Banking, alongside Business and Commercial Banking, also saw strong gains, showcasing Stanbic’s knack for serving Uganda’s diverse economic needs. “Our focus on innovation and customer-first solutions has paid off,” said Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda. “We’re not just growing; we’re enabling Uganda to thrive.”
Financial discipline underpinned these gains, with Chief Financial Officer Ronald Makata highlighting a cost-to-income ratio below 50% and credit losses at a mere 0.2%. “Our diversified model and prudent management deliver a 27% Return on Equity, positioning us to exceed our 2025 goals while creating value for all stakeholders,” Makata noted.
Stanbic’s commitment to Uganda’s entrepreneurial spirit shone brightly, with Shs 288 billion in new capital injected into local businesses, swelling the SME loan book to Shs 968 billion. This infusion is empowering youth and women-led enterprises, key drivers of inclusive growth.
As a member of Standard Bank Group l Africa’s largest lender by assets Stanbic Uganda is poised to maintain its market dominance. With innovation and deep client ties as its cornerstones, the group is not just banking on success but building a prosperous future for Uganda.
