{"id":473309,"date":"2021-08-10T09:11:28","date_gmt":"2021-08-10T09:11:28","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=473309"},"modified":"2021-08-10T09:11:28","modified_gmt":"2021-08-10T09:11:28","slug":"ouganda-despite-the-covid-19-stanbic-bank-is-doing-well","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/08\/10\/ouganda-despite-the-covid-19-stanbic-bank-is-doing-well\/","title":{"rendered":"Ouganda: despite the Covid-19, Stanbic Bank is doing well"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Stanbic Bank Uganda Limited, a Ugandan commercial bank, performed well in the first half of 2021 despite the severity of the Covid-19 pandemic. According to its financial results released over the weekend, profits were 154.9 billion shillings (1.4 billion USD) in the first 6 months of 2021, up 21.5% from the previous year. in the same period of 2020.<\/p>\n<p>This performance is mainly due to the strong growth in commercial income, but also to better management of loan write-downs. According to bank statistics, trading income increased by 37.5 billion shillings (345 million USD) while loan write-downs decreased by 11.7 billion shillings (108 million USD) in the same period under review. .<\/p>\n<p>\u201cThese positive results have been driven by the growth of digital transaction systems, around which the bank has recently anchored its operations,\u201d said Ann Juuko, CEO of Stanbic Bank.<\/p>\n<p>Stanbic Bank, she points out, has taken customers from the manual space to the digital space with more than 80% of transactions taking place online.<\/p>\n<p>This performance comes in a very difficult context of coronavirus where all economic sectors are affected. Despite this unfavorable environment, the bank played an active role in financing the economy.<\/p>\n<p>With this in mind, the Stanbic Africa Holdings Limited subsidiary has spurred private sector growth with loans and advances increasing 9.8% to 3.8 trillion shillings (35 billion USD) from 3.4 trillion shillings (31 billion USD). in June 2020.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Stanbic Bank Uganda Limited, a Ugandan commercial bank, performed well in the first half of 2021 despite the severity of the Covid-19 pandemic. According to its financial results released over the weekend, profits were 154.9 billion shillings (1.4 billion USD) in the first 6 months of 2021, up 21.5% from the previous year. in the<\/p>\n","protected":false},"author":536116,"featured_media":473311,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16158,12000,11996],"tags":[19643,725,1801,18139],"class_list":{"0":"post-473309","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-bank","8":"category-banks-insurance","9":"category-finance-en","10":"tag-doing-well","11":"tag-ouganda","12":"tag-stanbic-bank","13":"tag-the-covid-19","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ouganda: despite the Covid-19, Stanbic Bank is doing well - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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