Stanbic Uganda Holdings Limited (SUHL), the leading financial services group in Uganda, today announced a robust financial performance for the first half of 2025, underscoring its strategic commitment to supporting Uganda’s fiscal sustainability and economic development.
The Group recorded a Profit After Tax (PAT) of Ushs 278 billion for the six months ending June 30, 2025—an 18 per cent increase compared to the same period last year. Complementing this commercial success, Stanbic Uganda paid Ushs 273 billion in taxes during the period, a significant 37 per cent rise from Ushs 198 billion in H1 2024.
These figures highlight Stanbic’s role as a responsible corporate citizen contributing directly to the government’s revenue base, financing vital national infrastructure, social services, and Uganda’s broader growth agenda.
Francis Karuhanga, Chief Executive Officer of Stanbic Uganda Holdings Limited, emphasized the Group’s dual purpose of business success and national development:“Our strong half-year performance reflects not just sound business execution but also our unwavering commitment to driving Uganda’s growth. Paying Ushs 273 billion in taxes is a tangible demonstration of how our commercial achievements translate into critical support for the country’s fiscal objectives. Additionally, we also facilitated over Ushs 5.8 trillion in tax payments through our banking channels on behalf of the Uganda Revenue Authority, underscoring our critical role in mobilizing domestic resources for development priorities.”
The Group’s Anchor subsidiary, Stanbic Bank Uganda, continued to drive growth across multiple segments as highlighted by Chief Executive Mumba Kalifungwa: “Our strategic focus on innovation, customer-centric solutions, and disciplined risk management enabled us to grow lending and deposits significantly during the period. Our strong performance in the first half of 2025 was driven by significant growth across our core business units. Corporate and Investment Banking delivered a 17 per cent increase in lending and a 52 per cent rise in deposits, while our Personal and Private Banking and Business and Commercial Banking units also posted robust growth in both lending and deposits. This balanced momentum across key segments demonstrates the resilience and broad appeal of our products and services, enabling us to meet the diverse needs of Uganda’s economy.”
Ronald Makata, Chief Financial and Value Management Officer for Stanbic attributed a strong half year performance to operational discipline underscored by a cost-to-income ratio well below 50 per cent and credit losses tightly managed at 0.2 per cent, reflecting efficiency. “The Group’s performance is a clear testament to the resilience of our diversified business model and prudent financial management. Our 27 per cent Return on Equity and improved non-interest revenue streams position us well to meet the ambitious targets set for 2025 while continuing to deliver value to shareholders and stakeholders alike.”
Stanbic says its commitment to supporting Uganda’s entrepreneurs was evident during the first half, with Ushs 288 billion of new capital injected into local businesses, bringing the total SME loan book to Ushs 968 billion.
This expansion, the leadership says, underscores Stanbic’s role in empowering youth and women-led enterprises, essential drivers of the country’s inclusive growth.
Stanbic Uganda Half-Year 2025: Key Highlights
- Strong Financial Performance: Ushs 278 billion profit after tax, reaffirming market leadership.
- Revenue Mobilization: Ushs 5.8 trillion collected for URA, Ushs 273 billion paid in taxes.
- SME Support: Ushs 968 billion SME loan book, with Ushs 288 billion new capital injected in H1 2025; 1,500+ SMEs trained through the Business Incubator.
- Women & Youth Empowerment: Over 4,000 women-led businesses accessed Ushs 40 billion in loans (8.6% growth); Ushs 127 billion in tenders awarded to local suppliers.
- Agriculture Financing: Ushs 398 billion in loans to agriculture, including Ushs 65 billion for small-scale farmers via the SACCO Programme.
- Financial Inclusion: 405,000+ SACCO members reached, indirectly impacting 2.5 million Ugandans; Ushs 430 billion+ deposits mobilized from SACCOs and VSLAs.
- Youth & Education: 60,000+ students engaged in the National Schools Entrepreneurship Championship; nearly 100 youth graduated from vocational training.
- Health Impact: 8 Health Centre III facilities newly equipped (82 centres supported in total); Ushs 200 million+ in medical equipment donated, including to Gombe General Hospital.
