Stanbic Bank Uganda Limited Company Profile and Leadership

Stanbic Bank Uganda Limited is a leading financial institution in Uganda, with a rich history dating back to 1926. It was established as the Bank of Uganda and Barclays Bank of Uganda, and later merged with other banks to form Stanbic Bank Uganda Limited.

The bank's leadership is headed by Patrick Mweheire, the Chief Executive Officer, who has been at the helm since 2015. He brings with him over 20 years of experience in the banking industry.

Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited, which is a 100% owned subsidiary of Standard Bank Group Limited, a South African bank.

Stanbic Bank Uganda Limited is a leading financial institution in the country, with a rich history dating back to 1926. It was established by the British colonial government as the Standard Bank of British South Africa.

The bank has undergone significant transformations over the years, with its first branch in Uganda opening in 1916. Today, it is part of the Standard Bank Group, one of Africa's largest banking groups.

Stanbic Bank Uganda Limited has a strong presence in the country, with over 60 branches and a large network of ATMs.

SBU is the largest commercial bank in the country, by assets.

Stanbic Bank Uganda's total assets were valued at USh9.303 trillion as of 31 December 2023.

At that time, shareholders' equity was valued in excess of USh1.881 trillion.

In June 2018, Fitch Rating Agency gave Stanbic Bank Uganda a AAA rating with a Stable outlook.

Stanbic Bank Uganda Ltd. is a subsidiary of Stanbic Africa Holdings Ltd., which is owned by the Standard Bank Group Ltd.

The bank has a rich history, dating back to 1906 when it was founded in Uganda as the National Bank of India.

It's undergone several name changes over the years, becoming Grindlays Bank before being renamed Stanbic Bank (Uganda) Limited in 1991.

Stanbic Bank (Uganda) Limited is licensed as a merchant banker, stockbroker, and financial adviser by the Uganda Capital Markets Authority.

This licence allows the bank to operate in various capacities, including facilitating transactions on the Uganda Securities Exchange, which was licensed in 1997.

The bank's parent company, Standard Bank, is a massive financial institution with total assets of about US$81 billion and a global workforce of around 35,000 people.

Standard Bank's network spans 17 sub-Saharan countries, including South Africa, and extends to 21 countries on other continents, including key financial centres in Europe, the United States, and Asia.

In 2002, Standard Bank acquired Uganda Commercial Bank, a largely retail government-owned bank with 67 branches across the country.

The two banks were later merged, with the government of Uganda retaining a 10 percent ownership stake in the new combined entity.

In 2005, the government divested its shares, floating them on the Uganda Securities Exchange, and Standard Bank did the same, releasing 10 percent of its shareholding.

Stanbic Bank Uganda Limited has a vast branch network that provides convenient banking services to its customers. With over 60 branches spread across the country, customers can easily access their accounts and conduct various banking transactions.

The bank's extensive branch network is complemented by its online banking services, which allow customers to manage their accounts remotely. This includes mobile banking, internet banking, and phone banking services.

Stanbic Bank Uganda Limited's commitment to providing excellent customer service is evident in its efforts to maintain a large network of ATMs, with over 300 machines available across the country.

A well-designed branch network is crucial for a bank's success, and it's not just about having a physical presence. The average distance between bank branches in urban areas is around 1.5 kilometers, making them easily accessible to customers.

This proximity allows for a high level of customer satisfaction, with over 70% of customers visiting a bank branch at least once a month. Bank branches are also designed to be visually appealing, with the average branch size being around 500 square meters.

In fact, a large bank has a total of 3,000 branches across the country, employing over 10,000 staff members. These staff members are equipped to handle a variety of customer transactions, including cash withdrawals and deposits, and account inquiries.

The branch network also plays a significant role in promoting financial inclusion, with many rural branches offering services like mobile banking and ATM facilities. This has helped increase financial access for over 50% of the rural population.

Stanbic Uganda is the largest commercial bank in the country, accounting for 24 percent of total banking system assets.

This significant market share translates to a substantial presence in the country, with about 20 percent of bank branches.

Having a large market share can have its advantages, such as increased brand recognition and a wider customer base.

However, it's also worth noting that being the largest bank in the country doesn't necessarily mean Stanbic Uganda is the best fit for every customer's needs.

Stanbic Bank Uganda Limited has made significant strides in ensuring compliance with global standards.

In June 2022, the bank became the first commercial bank in Uganda to be awarded the ISO/IEC 27001:2013 Certification, by the British Standards Institution, in recognition of its Information Security Management Systems compliance with global standards.

This certification is a testament to the bank's commitment to maintaining high levels of security and protecting its customers' data.

The bank's focus on compliance also extends to its operations, with a strong emphasis on adhering to regulatory requirements.

Stanbic Bank Uganda Limited has demonstrated its dedication to upholding the highest standards of security and compliance, setting a benchmark for other financial institutions in the country.

Stanbic Bank Uganda Limited has a strong financial performance, with a total asset base of Shs 7.3 trillion as of 2022.

The bank's net interest income was Shs 343 billion in 2022, a significant increase from the previous year.

Stanbic Bank Uganda Limited has a stable capital base, with a total capital of Shs 1.3 trillion as of 2022.

Stanbic Uganda had an estimated asset valuation of US$850 million in April 2009.

The regulatory framework for financial institutions in Uganda is underpinned by 10 implementing regulations.

These regulations include The Financial Institutions (Licensing) Regulations, 2005, which outlines the requirements for obtaining a license to operate in the country.

As of 2005, there were 10 implementing regulations gazetted, providing a clear framework for financial institutions to operate within.

The Financial Institutions (Capital Adequacy Requirements) Regulations, 2005, sets out the minimum capital requirements for financial institutions.

By 2006, an additional regulation, The Foreign Exchange (Forex Bureaus and Money Remittance) Regulations, 2006, was gazetted to regulate foreign exchange and money remittance activities.

These regulations demonstrate the government's efforts to establish a robust financial system in Uganda.

Annual Revenue Definition is a key metric that indicates the total income earned by a business in a given year. It's a crucial indicator of a company's financial performance.

The annual revenue of a business can fluctuate from year to year, but it's essential to track this metric to understand the company's overall growth and stability. Stanbic Bank Uganda, for instance, reported an annual revenue of $1.2 billion in 2025.

Stanbic Bank Uganda Limited offers a range of investment and banking services to its customers. They provide a platform for individuals to invest in the stock market, with a wide range of shares to choose from.

Their investment services include the ability to buy and sell shares online, as well as access to expert advice from their financial analysts. This makes it easier for customers to make informed investment decisions.

With Stanbic Bank Uganda Limited, customers can also open a variety of savings and investment accounts, such as fixed deposit accounts and pension accounts. These accounts offer competitive interest rates and flexible withdrawal options.

Private banking is a world of more, offering customized solutions to suit your lifestyle and help you build wealth. With a focus on exclusivity, private banking provides a range of services to cater to your needs.

You can access offshore investment options, including property in the UK, and enjoy free investment advisory for your family. Additionally, you can tap into government securities and securities in countries where Standard has a presence.

To make the most of your private banking experience, consider the following benefits:

As a private banking client, you can also enjoy discounts with our partners in various industries, including air travel, hotels, gyms, spas, restaurants, laundry, and interior decor and household items.

To get started with private banking, you'll need to choose a suitable package, with options including a bundled private account for UGX 80,000, a pay-as-you-go or rebate private account for UGX 52,500, and an annual VISA card fee of UGX 55,000.

Investment banking is a specialized division of banking that helps clients raise capital and advise on strategic transactions such as mergers and acquisitions.

Investment bankers typically have a strong background in finance and economics, and many have advanced degrees in fields like business or law.

They work closely with clients to understand their financial goals and develop strategies to achieve them.

Investment bankers often work long hours, including evenings and weekends, to meet deadlines and stay ahead of the competition.

The median salary for investment bankers in the United States is around $100,000 per year, although top performers can earn significantly more.

Investment bankers must be highly analytical and able to communicate complex financial information to clients and other stakeholders.

They must also be skilled at building relationships and negotiating deals, as well as being able to work well under pressure.

Investment banking is a highly competitive field, and those who succeed often have a strong network of contacts and a deep understanding of the financial markets.

Investment bankers often work on deals that involve large sums of money, such as initial public offerings (IPOs) or mergers and acquisitions (M&As).

Stanbic Africa Holdings has a significant stake in the bank, holding an 80 percent share in Stanbic Bank Uganda.

The remaining 20 percent is held by Ugandan institutions and nationals, showcasing the bank's commitment to local ownership and involvement.

This ownership structure is a key aspect of the bank's operations and decision-making processes, allowing for a balance between international expertise and local perspectives.

The CEO plays a vital role in any organization, setting the tone and direction for the entire company. Anne Juuko is the Chief Executive of Stanbic Bank Uganda.

Effective leadership is key to driving success, and a strong CEO can make all the difference.

Ownership of Business is crucial for any organization's success. Stanbic Africa Holdings has a significant 80 percent share in Stanbic Bank Uganda. This highlights the importance of having a strong parent company to support its subsidiary. Ugandan Institutions and Nationals hold a 20 percent stake, indicating a good balance of ownership.