Uganda: Stanbic Bank Half Year Profit Drops to Shs95b

Kampala — As the economy recovers from a slowdown, Stanbic Bank Uganda's half year net profit dropped to Shs95 billion from Shs107 billion in 2016. This is an 11 per cent drop from last year's performance.

Releasing interim results in Kampala on Tuesday, Mr Patrick Mweheire, the Stanbic Uganda chief executive officer, attributed the performance to a drop in interest rates and reduced credit uptake which reduced the bank's net income.

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