Mumba Kalifungwa, the Chief Executive of Stanbic Bank Uganda making remarks during the financial results release event at Sheraton Hotel in Kampala on March 23
By Our Reporter
Stanbic Uganda Holdings Limited has reported strong financial results for the year ended December 31, 2025, with shareholders set to receive Shs360bn in dividends. The results reflect the Group’s sustained growth, disciplined execution, and resilient business model.
The year also marked a leadership transition, with outgoing Franchise Chief Executive Francis Karuhanga completing his final year successfully, while Mumba Kalifungwa delivered a confident first year leading the banking subsidiary, the Group’s anchor business.
Stanbic’s performance came amid a steadily improving macroeconomic environment. Uganda’s economy expanded by 6.3 percent in 2025, up from 6.0 percent in 2024, supported by easing monetary conditions and renewed investor confidence. Inflation averaged 3.6 percent, while the Central Bank Rate moderated to 9.75 percent. The shilling strengthened to Shs3,600 against the US dollar, compared to Shs3,755 in 2024, reflecting improved foreign exchange inflows and reserve buffers. Progress toward first oil production also strengthened confidence in Uganda’s medium-term growth trajectory.
Revenue Growth
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Mumba Kalifungwa, the Chief Executive of Stanbic Bank Uganda making remarks during the financial results release event at Sheraton Hotel in Kampala on March 23
By Our Reporter
Stanbic Uganda Holdings Limited has reported strong financial results for the year ended December 31, 2025, with shareholders set to receive Shs360bn in dividends. The results reflect the Group’s sustained growth, disciplined execution, and resilient business model.
The year also marked a leadership transition, with outgoing Franchise Chief Executive Francis Karuhanga completing his final year successfully, while Mumba Kalifungwa delivered a confident first year leading the banking subsidiary, the Group’s anchor business.
Stanbic’s performance came amid a steadily improving macroeconomic environment. Uganda’s economy expanded by 6.3 percent in 2025, up from 6.0 percent in 2024, supported by easing monetary conditions and renewed investor confidence. Inflation averaged 3.6 percent, while the Central Bank Rate moderated to 9.75 percent. The shilling strengthened to Shs3,600 against the US dollar, compared to Shs3,755 in 2024, reflecting improved foreign exchange inflows and reserve buffers. Progress toward first oil production also strengthened confidence in Uganda’s medium-term growth trajectory.
Revenue Growth
The Group reported a well-balanced performance, combining revenue growth and operational discipline. Revenue increased by 11 percent, while the cost-to-income ratio improved to 47.1 percent. Return on equity rose to 26.8 percent, exceeding the Group’s 20 percent benchmark. Net profit reached Shs591bn, a 23.6 percent increase from Shs478bn in 2024. The share price rose 89 percent over three years to close at Shs60, reflecting strong investor confidence.
Francis Karuhanga said the strong earnings and return on equity reflect the strength of the Group’s strategy, the resilience of its franchise, and focus on long-term shareholder value.
Banking Performance
Stanbic Bank Uganda continued to anchor the Group’s results. In his first year, Mumba Kalifungwa oversaw strong balance sheet growth, supported by increased customer trust and operational efficiency. Customer deposits grew 13 percent to Shs8.0tn, and net loans and advances increased 16.4 percent to Shs5.1tn. Revenue grew 11 percent to Shs1.4tn, driven by interest income and diversified non-interest revenue streams.
Mumba Kalifungwa noted that the performance reflects the collective effort of employees, client trust, and strong partnerships, and expressed confidence in sustaining the momentum.
Financial Strength
Chief Financial Officer Ronald Makata highlighted the Group’s robust financial position. Capital adequacy stood at 23 percent, nearly double the regulatory minimum. Asset quality remained strong with a non-performing loans ratio of 1.7 percent and a credit loss ratio of 0.4 percent. Liquidity levels were high, with a liquidity coverage ratio of 354 percent and a net stable funding ratio of 176 percent.
Future Growth
Stanbic Uganda reaffirmed its commitment to inclusive and sustainable growth through the Positive Impact agenda. This initiative focuses on financial inclusion, enterprise development, infrastructure financing, climate resilience, and corporate social investment in youth entrepreneurship, maternal health, and environmental conservation.
Mumba Kalifungwa said the agenda reflects the Group’s purpose and aligns with the National Development Plan 2025–2040, supporting Uganda’s long-term development.
