Stanbic Uganda Holdings Limited (SUHL) has reported strong financial results for the first half of 2025, reflecting its strategic focus on driving both business growth and national development.
For the six months ending June 30, 2025, the Group recorded a Profit After Tax (PAT) of Shs 278 billion, marking an 18% increase compared to the same period in 2024. Alongside this performance, Stanbic made a remarkable tax contribution of Shs 273 billion, a 37% jump from the Shs 198 billion paid in the first half of last year.
These figures affirm Stanbic’s position as a major player in Uganda’s economic landscape and a key contributor to government revenue supporting infrastructure, social services, and broader national priorities.
Francis Karuhanga, chief executive officer of Stanbic Uganda Holdings Limited, noted that the results are not only a reflection of solid business performance but also a testament to the Group’s role in national development.
“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,” said Karuhanga.
“Beyond this, we facilitated over Shs 5.8 trillion in tax payments through our banking platforms on behalf of the Uganda Revenue Authority further underlining our role in domestic resource mobilization.”
Stanbic Bank Uganda, the Group’s anchor subsidiary, led the growth across key business lines. Chief executive Mumba Kalifungwa credited innovation, customer-focused services, and risk discipline for the bank’s performance.
“Our lending and deposits saw significant growth across Corporate and Investment Banking, as well as our retail and SME segments,” Kalifungwa said.
“Corporate and Investment Banking saw a 17% rise in lending and a 52% increase in deposits, while Personal, Private, Business, and Commercial Banking also recorded strong performance. This balanced growth speaks to the broad appeal and resilience of our solutions.” Ronald Makata, chief financial and value management officer, attributed the positive results to operational efficiency and financial prudence.
“We maintained a cost-to-income ratio below 50%, and managed credit losses at just 0.2%, showing tight control and efficiency,” he said.
“With a 27% 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.”
Stanbic also reinforced its support for Uganda’s entrepreneurial ecosystem. During the first half of 2025, it injected Shs 288 billion in new capital into local businesses, growing its SME loan book to Shs 968 billion.
The Group emphasized that this expansion is aligned with its commitment to empowering youth and women-led enterprises key drivers of inclusive growth and sustainable development in Uganda.
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