Stanbic Uganda net profit leaps 28.2% to Shs357bn

What the report says

Stanbic Uganda Holdings Limited reported a 28.2% rise in net profit for the first half of 2026, according to The Independent Uganda. The group’s profit after tax reached Shs356.8 billion for the six months ended June 30, up from Shs278.4 billion in the same period a year earlier. The publication said the result reflected stronger income, better asset quality and tight cost control, even as many Ugandan businesses continue to face high borrowing costs.

The article said total income climbed 21.2% to Shs830.3 billion, supported by growth in both interest and non-interest revenue. It also noted that operating costs increased more slowly than income, helping improve efficiency. Stanbic’s cost-to-income ratio eased to 44.3%, while return on average equity rose to 30.4% from 26.9% a year earlier. The bank also booked a net release in credit impairments and recoveries from loans previously written off.

The group’s balance sheet expanded during the period. Total assets rose to Shs13.4 trillion, customer deposits reached Shs9.2 trillion, and net loans and advances increased to Shs5.35 trillion. The board approved an interim dividend of Shs220 billion, equal to Shs4.30 per share, up 57.1% from the previous payout.

The report also placed the results in a wider economic context, saying Stanbic is continuing to lend into sectors such as agro-industrialisation, tourism, mining and science and technology. It said the bank had secured funding partnerships to support development projects, including support for women entrepreneurs, climate resilience, youth lending and renewable energy.