Stanbic’s Chief Execuitive Mumba Kenneth Kalifungwa (L) and Sam Mwogeza, the bank’s Executive Director
HABARI DAILY I Kampala, Uganda I Stanbic Bank Uganda has been named Best Bank and Best Investment Bank in Uganda in the 2025 Euromoney Awards for Excellence, cementing its position as the country’s leading financial institution.
The Euromoney Awards are widely regarded as the gold standard in the global banking industry, recognising institutions that deliver exceptional financial performance, client service, digital innovation, and societal impact.
“These accolades are a resounding endorsement of our strategy to deliver sustainable value by financing Uganda’s growth,” said Paul Muganwa, Stanbic Bank Uganda’s Executive Director and Head of Corporate and Investment Banking.
He added that they are proud to be playing a catalytic role in mobilizing capital, structuring complex deals, and supporting businesses that are shaping Uganda’s future.
Profitable institution
In 2024, Stanbic Bank Uganda delivered a standout performance, reporting Shs 478 billion ($133 million) in profit after tax, a 16.2% year-on-year increase, with return on equity reaching 24.3%.
The bank further enhanced its operational efficiency, reducing its cost-to-income ratio to 47.2%, while maintaining excellent credit quality with a credit loss ratio of just 0.8%.
“Our commitment to disciplined execution and client-centric innovation continues to differentiate us in the market,” said Daniel Ogong, Stanbic’s Head of Brand and Marketing.
He added that the awards validate the work they are doing to re-imagine banking not just as a financial service, but as a platform for inclusion, empowerment and progress.
The bank’s digital strategy has proven instrumental, with 80% of all transactions now taking place outside the banking hall enabled by major upgrades to digital platforms, including online account opening and a revamped real-time customer feedback tool that has driven first-call resolution rates above 92%.
Ogong said that in the investment banking space, the bank orchestrated major transactions that directly support local enterprise and market development.
“These include a $30 million corporate loan to Crown Beverages Limited to expand its operations, and a USh370 billion facility to MTN Uganda, one of the largest single-lender deals in the country,” he said.
Stanbic also led a landmark secondary equity offering for MTN Uganda, setting a price of Shs 170 per share for over 1.57 billion shares, enhancing market liquidity and broadening access for local investors.
A notable highlight was the bank’s ongoing partnership with fintech innovator Jumo, which enabled Shs 56.9 billion ($15.9 million) in mobile-enabled microloans, reaching thousands of previously unbanked Ugandans and advancing financial inclusion through technology.
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