Who we are and what we believe in
Who we are
Stanbic Bank Uganda is a subsidiary of Stanbic Africa Holdings Limited, which is owned by Standard Bank Group Limited. Africa’s largest bank by assets. With a primary focus on transforming Africa, the Standard group has direct, on-the ground representation in 20 African countries with 1221 branches and 815 ATMs making it one of the largest banking networks on the continent.
In 1993 Stanbic formally entered the Ugandan market by acquiring Grindlays bank. Almost ten years on in February 2002 following a competitive bidding process, Standard Bank acquired a 90% shareholding in the Uganda Commercial Bank, which at the time was 100% Government owned. The bank merged their new acquisition with their existing operation to form Stanbic Bank Uganda the country’s largest commercial bank by assets and branch network.
In 2007, as part of its plan to strengthen the local financial sector, the Government of Uganda divested its ownership in Stanbic Bank (Uganda) by listing its remaining shares on the Uganda Securities Exchange. Standard Bank in turn floated 10% of its shareholding, reducing their ownership to 80%. "This allowed Ugandan citizens and companies to participate in the Initial Public Offering IPO and become shareholders in Stanbic bank Uganda Limited."
Ten years on, Uganda is our home and we continue to drive her growth by implementing a phased strategic investment plan, focused on delivering value by putting the customers at the centre of everything we do. Stanbic has become the Government’s leading local financial development partner and bank of choice for hundreds and thousands of Ugandans.
What we believe in
We are here to make progress real for all Ugandans. We take great pride being Uganda’s leading financial services provider, serving over 600,000 customers and thousands more Ugandans by offering them tailor-made financial solutions that not only help transform lives but support the growth of the nation