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Stanbic Uganda Holdings Limited (SUHL) has announced strong financial results for the first half of 2025, reflecting steady growth and its contribution to national development. For the six months ending June 30, 2025, the Group posted a Profit After Tax (PAT) of Shs 278 billion, representing an 18 percent increase compared to the same period in 2024.
The bank also made a significant tax contribution of Shs 273 billion, a 37 percent rise from Shs 198 billion recorded in the first half of last year. The results confirm Stanbic’s position as a major contributor to Uganda’s economy and government revenue, supporting infrastructure, social services, and wider national priorities.
Stanbic Uganda Holdings Limited’s Chief Executive Officer, Francis Karuhanga, described the performance as a reflection of both business discipline and commitment to national growth. “Our strong half-year results reflect disciplined execution and our commitment to Uganda’s growth. Paying Shs 273 billion in taxes shows how our commercial success translates directly into national support,” Karuhanga said.
He further noted that the Group facilitated over Shs 5.8 trillion in tax payments through its platforms on behalf of the Uganda Revenue Authority (URA), strengthening domestic resource mobilization.
Stanbic Bank Uganda, the Group’s anchor subsidiary, played a central role in driving this performance. Chief Executive Officer of Stanbic Bank Uganda, Mumba Kalifungwa, said growth was recorded across multiple business lines including Corporate and Investment Banking, retail, and SME segments.
“Our lending and deposits saw significant growth across Corporate and Investment Banking, as well as our retail and SME segments. Corporate and Investment Banking registered a 17 percent rise in lending and a 52 percent increase in deposits, while Personal, Private, Business, and Commercial Banking also posted strong performance. This balanced growth speaks to the broad appeal and resilience of our solutions,” Kalifungwa said.
The Group’s Chief Financial and Value Management Officer, Ronald Makata, attributed the positive results to cost efficiency and strong financial management. “We maintained a cost-to-income ratio below 50 percent and managed credit losses at just 0.2 percent, showing tight control and efficiency. With a 27 percent Return on Equity and improved non-interest income, we are well-positioned to meet our 2025 targets while continuing to deliver value to shareholders and stakeholders,” Makata said.
Stanbic also highlighted its role in supporting Uganda’s entrepreneurship and job creation agenda. In the first half of 2025, the Group injected Shs 288 billion in new capital into local businesses, raising its SME loan book to Shs 968 billion. This support, according to officials, is particularly directed toward youth and women-led enterprises, which are considered critical drivers of inclusive growth and sustainable development.
The half-year performance underscores the Group’s strategy of balancing profitability with social impact. Beyond delivering shareholder value, Stanbic Uganda continues to play an important role in mobilizing domestic resources for government revenue and supporting small businesses that are central to economic development.
As the year progresses, the bank says it is confident in maintaining growth while sustaining its leadership in Uganda’s financial sector. With a focus on innovation, customer-centered services, and prudent risk management, Stanbic is positioning itself as both a leading bank and a trusted partner in the country’s development journey.
