Stanbic Uganda Reports Record Profits, Signals Confidence in Ugandan Economy
Kampala, Uganda – Stanbic Uganda Holdings Limited announced a surge in 2025 financial results Monday, with shareholders poised to receive a dividend payout of Ushs 360 billion. The strong performance underscores the bank’s sustained growth and resilience amidst a steadily improving economic climate in Uganda.
The results also mark a key leadership transition, with Mumba Kalifungwa completing his first year as Chief Executive of Stanbic Bank Uganda, following the departure of Francis Karuhanga. Karuhanga, who concluded his tenure as Franchise Chief Executive, lauded the bank’s achievements and expressed confidence in Kalifungwa’s leadership.
Uganda’s economy experienced a 6.3% expansion in 2025, building on a 6.0% growth rate the previous year, fueled by easing monetary conditions and renewed investor confidence. Inflation remained contained at an average of 3.6%, while the Central Bank Rate moderated to 9.75%. The Ugandan shilling also strengthened, averaging Ushs 3,600 against the US dollar, compared to Ushs 3,755 in 2024.
Stanbic Uganda’s net profit rose to Ushs 591 billion, a significant 23.6% increase from Ushs 478 billion in 2024. This growth was driven by an 11% increase in revenue and improved cost efficiency, with the cost-to-income ratio falling to 47.1%. Return on equity also strengthened to 26.8%, exceeding the Group’s 20% benchmark.
“Our robust earnings…reflect the strength of our strategy, the resilience of our franchise, and our unwavering focus on delivering long-term shareholder value,” said Karuhanga.
The banking subsidiary, Stanbic Bank Uganda, played a pivotal role in the Group’s success. Customer deposits grew by 13% to Ushs 8.0 trillion, while net loans and advances increased by 16.4% to Ushs 5.1 trillion, supporting economic activity across key sectors.
Kalifungwa highlighted the importance of customer trust and operational efficiency in driving these results. “This performance reflects the collective effort of our people, the trust of our clients, and the strength of our partnerships,” he said.
Chief Financial Officer Ronald Makata emphasized the Group’s strong financial position, noting a total capital ratio of 23%, nearly double the regulatory minimum of 12%, and a non-performing loans ratio of just 1.7%.
Looking ahead, Stanbic Uganda reaffirmed its commitment to sustainable and inclusive growth through its “Positive Impact” agenda, focusing on financial inclusion, enterprise development, infrastructure financing, climate resilience, and corporate social investment. This agenda aligns with Uganda’s national development goals for 2025-2040.
“Our Positive Impact agenda is a clear expression of our purpose—Uganda is our home, and we are committed to driving her growth in a way that is inclusive, sustainable, and far-reaching,” Kalifungwa stated.
