Standard Chartered Bank Uganda's second biggest commercial bank by assets and market share has won the EMEA Finance Award for the fourth consecutive year, the bank said in a Sept. 20 press release.
The EMEA Finance Awards are given to banks which, through their client focus and steady management, continue to increase profits, deliver credit to the retail and wholesale markets, and support local and transnational corporations do business.
Chris Moore, the EMEA Finance Limited Publisher and CEO said the bank's achievement was an impressive feat given the competitive and rapidly expanding nature of the banking sector in Uganda.
Standard Chartered Bank has overall won the 2012 awards as best foreign bank in Ghana, in Kenya, Tanzania, Uganda and Zimbabwe.
The bank's Uganda unit recently reported that its profits after tax rose by 35% in the year ended December 2011. It said net income in the 12 months through December rose to 98.2 billion Uganda shillings ($39.2 million) from 73 billion shillings a year earlier.