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Podcast: Good Morning Africa
Episode: Earnings Alert: Stanbic bank Uganda and SA reserve bank raises repo rate
Description: Stanbic Uganda posted Profit After Tax of Ush. 366 billion in the year 2022representing year-on-year growth of 33 per cent.. Customer deposits grew by 6.8 percent year on year to Ush 6.1 trillion from Ush 5.7 trillion; net loans and advances rose to Ush.4.1 trillion from Ush.3.7 trillion while total assets grew by 3.9 percent to Ush. 9.0 trillion.Andrew Mashanda, Chief Executive of Stanbic Uganda Holdings Limited reflects on the bank’s performance despite the prolonged uncertainty of the global and local economic uncertainty.