Stanbic Bank Uganda Limited (SBU) is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

and is licensed by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Ba ...

, the national banking regulator.

Overview

SBU is the largest commercial bank in the country, by assets. As of 31 December 2021, the bank's total assets were valued at USh8.713 trillion (US$2.452 billion). At that time shareholders' equity was valued at USh1.483 trillion (US$417.5 million). In June 2018, Fitch Rating Agency gave Stanbic Bank Uganda a AAA rating with a Stable outlook.

Group

SBU is listed on the

Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...

(USE), where it trades under the symbol SBU. It offers a range of banking products including

Internet banking Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial inst ...

, mobile money, SME lending, and debit and credit cards, among other products. SBU is a subsidiary of Stanbic Africa Holdings Limited, which is in turn owned by

Standard Bank Group Limited Standard may refer to: Symbols * Colours, standards and guidons, kinds of military signs * Standard (emblem), a type of a large symbol or emblem used for identification Norms, conventions or requirements * Standard (metrology), an object th ...

History

The bank was founded in Uganda as the National Bank of India in 1906. After several name changes, it became

Grindlays Bank The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and elemen ...

. In 1991,

Standard Bank Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History ...

bought the

network in Africa. The new owners renamed the bank Stanbic Bank (Uganda) Limited. Stanbic Bank (Uganda) Limited is licensed as a

merchant bank A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodi ...

er,

stockbroker A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks an ...

, and

financial adviser A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory ...

by the Capital Markets Authority, which licensed the USE in 1997. In 2017 the bank was awarded a

bancassurance Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of ...

licence from the Insurance Regulatory Authority, authorizing Stanbic Bank to sell insurance products to its customers and the public. In February 2002, Standard Bank acquired 90 percent shareholding in the

Uganda Commercial Bank Uganda Commercial Bank Ltd (UCB/UCBL) was a Ugandan government-owned bank, and the largest financial institution in the country. In 2001 the bank was privatised and merged into Stanbic Bank (Uganda) Limited. History Uganda Commercial Bank (UCB) w ...

, a government-owned retail banking operation with 65 branches. The new owners merged their new acquisition with their existing Stanbic Bank (Uganda) Limited to form Uganda's largest commercial bank by assets and branch network. In November 2005, the

government of Uganda Uganda is a presidential republic in which the President of Uganda is the head of state and the prime minister is the head of government business. There is a multi-party system. Executive power is exercised by the government. Legislative power is ...

divested its ownership in Stanbic Bank (Uganda) by listing its shares on the USE. Standard Bank also floated 10 percent of its shareholding at the same time, reducing their ownership to 80 percent. On 19 February 2018, SBU informed its shareholders of the Board of Directors’ decision to re-organize the company’s corporate structure and operations through the formation of a group with a holding company to be called ‘Stanbic Uganda Holdings Limited’ owning several subsidiaries engaged in different lines of businesses including a new banking Subsidiary which effectively began on 28 November 2018.

Ownership

, the ownership of SBU

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

, was as depicted in the table below:

Governance

The

chairman of the board The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

is Japheth Katto. Anne Juuko is the

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Branch network

As of December 2017, SBU had a branch network of nearly 70 branches and 10 customers service points in all four regions of the country. Its network was the largest of all commercial banks in Uganda. At that time, it maintained 173 networked

automated teller machines An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fun ...

. Listed below were some of the branches of the bank: # Busia Branch: 1 Tororo Road,

Tororo Tororo is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Tororo District. History Tororo was garrisoned by the Uganda Army's Air and Sea Battalion during the Uganda–Tanzania War ( ...

# Iganga Branch: 1-3 Magumba Road,

Iganga Iganga is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Iganga District. Location Iganga is located in Uganda's Busoga sub-region. It lies approximately , by road, northeast of the ...

# Jinja Branch: 2 Martin Road, Jinja # Kamuli Branch: 2 Gabula Road,

Kamuli Kamuli is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial centre of Kamuli District, and the district headquarters are located there. The district is named after the town. Location Kamuli is app ...

# Kapchorwa Branch: 20 Kitale Road,

Kapchorwa Kapchorwa is a town in the Eastern Region of Uganda. It is the main municipal, commercial, and administrative center of Kapchorwa District. Initially the present day Kapchorwa was known as the Sebei Region. Location The town of Kapchorwa is loca ...

# Kotido Branch: 3A Moroto Road,

Kotido Kotido is a town in the Northern Region of Uganda. It is the chief municipal, administrative, and commercial center of the Kotido District and the site of the district headquarters. Location Kotido is approximately , by road, northwest of Moro ...

# Lugazi Branch: 29 Ntege Road,

Lugazi Lugazi is a town in the Buikwe District of the Central Region of Uganda. The town is also called "Kawolo", and the two names are interchangeably used by the local inhabitants. Location The town is on the Kampala-Jinja Highway, approximately ...

# Mbale Branch: 50/52 Republic Avenue,

Mbale Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately , by road, northeast of Kampala, Uganda's capita ...

# Moroto Branch: 27 Lira Road, Moroto # Soroti Branch: 42 Gweri Road,

Soroti Soroti is a city in Eastern Region of Uganda. It is the main City, commercial, and administrative center in curved out of Soroti District, one of the nine administrative districts in the Teso sub-region. Soroti City was immediately approved f ...

# Tororo Branch: 1 Block 5 Uhuru Drive,

# Aponye Mall Branch: 8 Burton Street, Aponye Mall,

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

# Kawempe Branch: 161 Bombo Road,

Kawempe Kawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. Location Kawempe is located on the northwestern edge of Kampala. ...

# Kiboga Branch: 100 Block 634 Kilulumba, Kampala–Hoima Road

Kiboga Kiboga is a town in the Buganda Region of Uganda. It is the main municipal, administrative, and commercial center of Kiboga District, and the district headquarters are located there. Location Kiboga is located approximately northwest of Kamp ...

# Kireka Branch: 319 Block 232

Kampala–Jinja Highway The Kampala–Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja, Uganda, Jinja. Sometimes referred to as Kampala–Jinja Road, it is a busy road, with several towns, trading centers and other points of interest along ...

Kireka Kireka is the name of a township in Central Uganda. It is one of the six townships or ''Wards'' that constitute Kira Municipality in Wakiso District. The other five ''Wards'' in Kira Municipality are Bweyogerere Ward, Kimwaanyi Ward, Kira Ward ...

# Kyambogo Branch: Kyambogo University Campus,

Kyambogo Kyambogo is a neighborhood in Kampala, Uganda. It is within Nakawa Division, an administrative borough of Kampala, Uganda's capital city. Location Kyambogo sits on Banda Hill, which rises to an altitude of , above sea level. The neighborhood is ...

# Luweero Branch: 440 Block 652

Kampala–Gulu Highway The Kampala–Gulu Highway, also Kampala–Gulu Road, is a road connecting the capital city of Kampala, in the Central Region, with the city of Gulu, the largest urban centre in the Northern Region of Uganda. Location The road starts in Kamp ...

Luweero Luweero is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Luweero District. History In 1982, in the Ugandan Civil War, Milton Obote's soldiers raided their village, from Kampala. Loca ...

# Mityana Branch: 54 Block 425 Katakara Road,

Mityana Mityana, is a town in the Central Region, Uganda, Central Region of Uganda. It is the main municipal, administrative, and commercial center of Mityana District, and the district headquarters are located there. Location Mityana is approximately , ...

# Mpigi Branch: Mpigi Town # Mukono Branch: 37/39

Mukono Mukono Town is a municipality in Mukono District in the Central Region of Uganda. The town is administered by the Mukono Town Council. The district headquarters are located in this town. Location Mukono Municipality is 21 km east of ...

# Mulago Branch: 2nd Floor,

Mulago National Referral Hospital Mulago National Specialised Hospital, also known as Mulago National Referral Hospital, is a component of Mulago Hospital Complex, the teaching facility of Makerere University College of Health Sciences. It is the largest public hospital in Ug ...

Mulago Hill Mulago is a hill in north-central Kampala, the capital city of Uganda. The hill rises above sea level. The name also applies to the neighborhoods that sit on this hill. Location Mulago is in Kawempe Division, one of the five administrative di ...

# Nakivubo Branch: 58 William Street, Kampala # Nateete Branch: 643 Block 18

Kampala–Masaka Road The Kampala–Masaka Road is a road in the Central Region of Uganda, connecting the capital city of Kampala to the southwestern town of Masaka in Masaka District. The first of this road, is in the process of being developed into the Kampala– ...

Nateete Nateete is a location in the city of Kampala, Uganda's capital. Location Nateete is located in Lubaga Division, on the southwestern edge of the city of Kampala. It is bordered by Busega to the north, Lungujja to the northeast, Lubaga to the n ...

# Wandegeya Branch: 220 Bombo Road,

Wandegeya Wandegeya is a neighborhood within the city of Kampala, Uganda's capital and largest metropolitan area. The name is derived from the weaver birds, (''Endegeya'' in Luganda), which used to inhabit the area prior to the 1990s. Location Wandegeya ...

, Kampala # William Street Branch: 6 William Street, Kampala # Bugoloobi Branch: Village Mall, Corner of Spring Road & Bandari Rise,

Bugoloobi Bugoloobi sometimes spelled as Bugolobi though incorrect, is a location in Kampala, Uganda's capital and largest city. It is a suburban neighborhood and some of the most valuable properties in Kampala are found here. It is among the most develop ...

, Kampala # Entebbe Main Branch: 15 Entebbe–Kampala Road,

Entebbe Entebbe is a city in Central Uganda. Located on a Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda prior to independence, in 1962. The c ...

# Forest Mall Branch: 3A2 & 3A3 Lugogo Bypass Road, Lugogo, Kampala. # Freedom City Branch: Freedom City Mall, 4010 Entebbe Road, Namasuba, Kampala # Garden City Branch: 64-86 Yusuf Lule Road, Kampala # Kabalagala Branch: 1188-1190 Embassy Plaza, Ggaba Road,

Kabalagala Kabalagala is a neighbourhood in Kampala, the capital and largest city in Uganda. It houses some of the leading partygoers in the city. It is located next to Nsambya where the American Embassy in Uganda is found. Location Kabalagala is bordered b ...

, Kampala # Corporate Branch: 18 Hannington Road, Kampala # Lugogo Branch: Shop Number 5, 2-8 Lugogo Bypass Road, Lugogo, Kampala # Makerere Branch: Senate Building, Makerere University Campus, Makerere Hill, Kampala # Kampala Metro Branch: Social Security House, 4 Jinja Road, Kampala # Nakasero Branch: Umoja Building, 20 Nakasero Road, Nakasero Hill, Kampala # Nakawa Branch: M193/194 Industrial Area Road,

Nakawa Nakawa is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Nakawa Division, one of the five administrative divisions of Kampala. Location Nakawa is located on the eastern edge of the city of Kamp ...

, Kampala # Ntinda Branch: 3798 Block 216 Ntinda Trading Centre, Kampala # Adjumani Branch: 9 Mangi Road,

Adjumani Adjumani is a town in the Northern Region of Uganda. It is the main municipal, administrative, and commercial centre of Adjumani District. The district is named after the town. Location Adjumani is located in the West Nile sub-region, appro ...

# Apac Branch: 18 Akokoro Road,

Apac Apac is a town in Apac District in the Northern Region of Uganda. It is the 'chief town' of the district and the district headquarters are located there. The district is named after the town. Location Apac is located approximately , by road ...

# Arua Branch: 25 Avenue Road,

Arua Arua is a city and commercial centre within the Arua District in the Northern Region of Uganda. Location Arua is approximately , by road, north-west of Kampala, the capital and largest city of Uganda, Arua is about , by road, west of Gulu, the ...

# Gulu Branch: 2&4 Acholi Road,

Gulu Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The distance from Gulu to Kampala, Uganda's capital and large ...

# Kigumba Branch: 18 Kampala-Gulu Highway,

Kigumba Kigumba is a town in Kiryandongo District, northwestern Uganda. It is one of the urban centers in the district. The other urban centres in Kiryandongo District include: (a) Karuma b) Kiryandongo (c) Bweyale and (d) Masindi Port. Location Kig ...

# Kitgum Branch: 4/6 Philip Adonga Road,

Kitgum Kitgum is a municipality in Kitgum District in the Northern Region of Uganda. The town is administered by Kitgum Municipality Council, an urban local government. It is the largest metropolitan area in the district and the site of the district ...

# Lira Branch: 2 Soroti Road,

Lira Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. It is also the name of several former currencies, including those of Italy, Malta and Israe ...

# Moyo Branch: 1 Kerere Crescent Road, Moyo # Nebbi Branch: Arua Road, Nebbi Trading Centre # Buliisa Branch: Buliisa–Paara Road,

Buliisa Bulisa, also Bulisa, is a town in the Western Region of Uganda. It is the site of the headquarters of the Buliisa District. Neighborhoods within Buliisa Municipality include Wanseko and Kasenyi. Location Buliisa is located in the northwe ...

# Bundibugyo Branch: 4 Block A Bundibugyo Road, Bundibugyo Township # Bwamiramira Branch: 18 Karuguza Road, Bwamiramira Trading Centre,

Kibaale District Kibaale District, is a district in the Western Region of Uganda. The district headquarters are in the town of Kibaale. Location Kibaale District is bordered by Hoima District to the north, Kyankwanzi District to the north-east, Mubende District ...

# Fort Portal Branch: 21 Lugard Road,

Fort Portal Fort Portal or Kabarole is a city located in the Western Region of Uganda. It is the seat of both Kabarole District and historically of the Toro Kingdom. Location Fort Portal in Kabarole District is located approximately by road, west of Kampal ...

# Hoima Branch: 32 Main Street,

Hoima Hoima is a city in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Hoima District. It is also the location of the palace of the Omukama of Bunyoro. Location Hoima is approximately , by road, nort ...

# Ibanda Branch: 10-12 Kamwege Road,

Ibanda Ibanda is a town in the Western Region of Uganda. It is the main political, administrative, and commercial centre of Ibanda District and the site of the district headquarters. It started wayback in 1990s and was elevated from a trading centre ...

# Ishaka Branch: 44 Rukungiri Road,

Ishaka Ishaka is a town in the Western Region of Uganda. It is one of the municipalities in Bushenyi District. Location Ishaka is located in Igara County, in Bushenyi District, approximately , by road, west of Mbarara, the largest city in the sub-regio ...

# Kabale Branch: 150/152 Kabale Road,

Kabale Kabale is a town in the Western Region, Uganda, Western Region of Uganda. It is the chief town of Kabale District, and the district headquarters are located there. Sometimes nicknamed “Kastone” as in the local language Rukiga, a “kabale” ...

# Kabwohe Branch: 19B, Kabwohe Road,

Kabwohe Sheema, also Sheema Municipality, is an urban centre in the Western Region of Uganda. It is the largest municipality in Sheema District. Location Sheema lies on the Mbarara–Ishaka Road, approximately , by road, west of Mbarara, the largest ci ...

# Kalangala Branch: Kalangala Main Street, Kalangala Town # Kasese Branch: 27/31 Stanley Street,

Kasese Kasese is a town north of Lake George in the Western Region of Uganda. It originally grew around the copper mine at Kilembe, while attention later turned to cobalt mining. It is the chief town of Kasese District, and the district headquarters ...

# Kihihi Branch: 63 Block 74 Kinkizi, Kihihi Town # Kisoro Branch: M5 Block 29 Kisoro–Kabale Road, Kisoro Town # Kyotera Branch: 32 Masaka Road, Kyotera # Lyantonde Branch: 200 Block 76

Masaka–Mbarara Road The Masaka–Mbarara Road is a road in the Central and Western Regions of Uganda, connecting the cities of Masaka in Masaka District, Central Region and Mbarara in Mbarara District, Western Region. Location The road starts at Masaka and goes ...

Lyantonde Lyantonde is a town in the southern part of the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Lyantonde District. Location Lyantonde is approximately , by road, west of Masaka, the nearest large ...

# Masaka Branch: 4 Birch Avenue,

Masaka Masaka is a city in the Buganda Region of Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equator ...

# Masindi Branch: 29/33 Tongue Street,

Masindi Masindi is a town in the Western Region of Uganda. It is on the road between Kampala and the Murchison Falls National Park. It is the site of the headquarters of the Masindi District. Location Masindi is approximately northwest of Kampala, Ug ...

# Mbarara Branch: 1/3 Ntare Road,

Mbarara Mbarara City is a city in the Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Nyakay ...

# Mubende Branch: 2 Block 13 Main Street,

Mubende Mubende is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Mubende District and is the location of the district headquarters. Location Mubende is approximately , by road, west of Kampal ...

# Ntungamo Branch: 33 Mbarara–Kabale Road, Ntungamo Township # Rukungiri Branch: 123 Block 5 Kagunga,

Rukungiri Rukungiri is a town in Rukungiri District of the Western Region of Uganda. It is the site of the district headquarters. Location Rukungiri is approximately , by road, north of Kabale, the largest city in the Kigezi sub-region. This is about , ...

# Bwera Customer Service Point: Saad Village, Mpondwe–Lubiriha Road, Bwera Town # Kaboong Customer Service Point: 20 Kaabong Central West Road, Kaabong Trading Centre # Kayunga Customer Service Point: 472 Block 123 Kayunga Road,

Kayunga Kayunga is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Kayunga District. Location Kayunga is approximately northeast of Kampala, Uganda's capital and largest city, on an all-weath ...

# Kagadi Customer Service Point: Mugenyi Street,

Kagadi Kagadi is a town in the Western Region of Uganda. It is the commercial and administrative headquarters of Kagadi District. Location Kagadi is in Buyaga County, approximately south-west of Hoima, the largest town in the Bunyoro sub-region. This ...

# Kumi Customer Service Point: 2 Ngora Road , Kumi # Pakwach Customer Service Point: 94 Arua Road,

Pakwach Pakwach is a town in the Northern Region of Uganda. It is the main commercial, political and administrative center of Pakwach District. Location Pakwach is in Pakwach District, West Nile sub-region. It is approximately , by road, east of Nebbi, ...

# Kakira Customer Service Point: Kakira South Estate Road,

Kakira Kakira is a town in the Eastern Region of Uganda. It is the location of the International headquarters of the Madhvani Group. Location Kakira is located in Jinja District, approximately east of downtown Jinja on the highway to Iganga. The coor ...

# Kinyara Customer Service Point: Kinyara Sugar Estate, Kinyara # Mayuge Customer Service Point: Bukoba Road, Mayuge Town # Wobulenzi Customer Service Point: 59 Block 159 Bulemezi,

, Wobulenzi Trading Centre.

Certification

In June 2022, Stanbic Bank Uganda became the first commercial bank in the country, to be awarded the ''ISO/IEC 27001:2013 Certification'', by the

British Standards Institution The British Standards Institution (BSI) is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to business ...

. The certification is in recognition of the bank's ''Information Security Management Systems'' "compliance with global standards".

References

External links

Website of Stanbic Bank Uganda Limited

Uganda Securities Exchange

Standard Bank Group Website
{{Kampala District Banks of Uganda Standard Bank Group Companies based in Kampala Banks established in 1906 1906 establishments in Uganda South Africa–Uganda relations Companies listed on the Uganda Securities Exchange