Macro Analysis /
Uganda

Uganda's banking sector ROE falls in Q1, but Stanbic Uganda stands out

  • Industry Q1 21 ROE falls on lower net interest margin and higher loan loss provision charges

  • Industry coverage seems to be improving amid stable non-performing loans, but Stanbic Uganda is still ahead of peers

  • We have a Buy recommendation on Stanbic Uganda with a target price of UGX36.00

Uganda's banking sector ROE falls in Q1, but Stanbic Uganda stands out
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
9 August 2021
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