Stanbic Bank shareholder and Seasoned Media Consultant and Multidisciplinary Professor Dr. Joel Isabirye has urged the management of Stanbic Bank to increase its digital solutions to the public.

Isabirye who was speaking after the Annual General Meeting of the Bank that was held recently in Kampala said that given the increased access by Ugandans to the internet, most service oriented businesses needed to not only come up with more digital options for their clients, they needed to promote the existence of such solutions for the public to take advantage of them.

“For Stanbic, the growth in internet subscription in Uganda, which UCC estimates is at 27 million subscribers today dictates that sooner than later, most businesses will run online. Admittedly, the bank has proactively done well in coming up with digital products. But these need to be promoted more aggressively for the broader public and its multifarious segments to take advantage of it,” Isabirye said.

In 2023, despite a volatile economic environment, Stanbic Bank Uganda Holdings Limited, a subsidiary of the Standard Bank Group which is Africa’s leading bank by number of assets registered an increase in profit after tax of Shs 415 billion [15.2%] buoyed by loans and advances that it offered to its customers.

The diversification strategy embraced by the company, which has seen it expand from Stanbic Bank to SBG Securities, Stanbic Properties, FlyHub, and Stanbic Business Incubator, has not onliy yielded profit, it has resulted in employment of at least 2,000 employees.

Kungu Al-Mahadi Adam is an experienced Ugandan multimedia Journalist with a background of fact checking and thorough research. He is very passionate about current African affairs particularly Horn of Africa. He...

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