Stanbic Uganda

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Airtel Uganda has announced plans to list a 20% stake in the company through an IPO. This follows the directive under the National Broadband Policy (2018), which requires all foreign telcos to list on the Ugandan stock exchange and float at least 20%...

The Bank of Uganda is currently considering an increase in the paid-up capital for commercial banks – which it last revised in 2010 – from UGX25bn to UGX150bn. Of the 18 banks whose financial information is publicly available, nine banks have core ca...

As expected, Stanbic Uganda released positive H1 21 results, with PAT up 22% yoy. The bank is trading at a 2021f PB of 0.9x and PE of 6.5x. Strong balance sheet growth. The bank seems to be on track with increasing the contribution of the retail bank...

Bank of Uganda has released overall industry performance for Q1 21 for Uganda's banks, with the industry recording an ROE of 15.6%, down slightly from 15.9% in Q1 20. Lower overhead costs with overhead cost/income ratio falling to 49.5% in Q1 21 from...

According to the latest data from the Bank of Uganda, private sector credit growth in Uganda grew by 8.7% yoy in May 2021. This was mainly driven by property developers resuming activity and a modest increase in mortgages extended. The trade segment,...

Stanbic Uganda released FY 20 results with EPS declining by 7% yoy to UGX4.72 and beating our expectations by 34%. In our view, while this is positive for the banking sector, it creates less visibility for asset quality. Overall, NPLs increased by 19...