Who we are
We do everything in our power to ensure that we provide our customers with the products, services and solutions to suit their needs, provided that everything we do for them is based on sound business principles.
We encourage and help our people to develop to their full potential and measure our leaders on how well they grow and challenge the people they lead.
We understand that we earn the right to exist by providing appropriate long-term returns to our shareholders. We try hard to meet our various targets and deliver on our commitments.
We have the highest regard for the dignity of all people. We respect each other and what Stanbic Bank Uganda stands for. We recognise that there are corresponding obligations associated with our individual rights.
We, and all aspects of our work, are interdependent. We appreciate that together, we can achieve much greater things than as individuals. We value teams within and across business units, divisions and countries.
We have confidence in our ability to achieve ambitious goals and we celebrate success, but we must never allow ourselves to become arrogant.
We strive to stay ahead by anticipating rather than reacting, but our actions are always carefully considered.
Our entire business model is based on trust and integrity as perceived by our stakeholders, and especially our customers.
A brief history
In 1991, Standard Bank Group (The Group) acquired Grindlays Bank. The new owners renamed the Ugandan subsidiary, Stanbic Bank Uganda Limited (SBUL).
In February 2002, the Group acquired 90% of the shareholding in Uganda Commercial Bank Limited, a government-owned bank with sixty-five branches. The Group merged their new acquisition with the existing Stanbic Bank (Uganda) Limited, to form Uganda’s largest commercial bank by assets and branch network.
In November 2007, the Government of Uganda divested its ownership in Stanbic Bank Uganda by listing its shares on the Uganda Securities Exchange. The Group also floated 10% of its shareholding at the same time, retaining an ownership stake of 80%.
In 2018, the Bank started the process of reorganising its corporate structure to include a holding company. On 31st May 2018, the Bank obtained shareholder approval, and later regulatory approvals to change it's name from Stanbic bank Uganda Limited, to Stanbic Bank Holdings Limited, as part of the reorganisation process. This name change became effective on 28th November 2018.
The reorganisation process will culminate into the Bank known as SBUL being wholly owned by the holding company Stanbic Uganda Holdings Limited (SUHL). Over time SUHL will incorporate or acquire other businesses