# Stanbic Bank Uganda Limited

Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the central bank and national banking regulator.

## Overview

SBU is the largest commercial bank in the country, by assets. As of 31 December 2023, the bank's total assets were valued at USh9.303 trillion (US$2.408 billion). At that time shareholders' equity was valued in excess of USh1.881 trillion (US$486.952 million). In June 2018, Fitch Rating Agency gave Stanbic Bank Uganda a AAA rating with a Stable outlook.

## Group

SBU is listed on the Uganda Securities Exchange (USE), where it trades under the symbol SBU. It offers a range of banking products including Internet banking, mobile money, SME lending, and debit and credit cards, among other products. SBU is a subsidiary of Stanbic Africa Holdings Limited, which is in turn owned by Standard Bank Group Limited.

## History

The bank was founded in Uganda as the National Bank of India in 1906. After several name changes, it became Grindlays Bank. In 1991, Standard Bank bought the Grindlays Bank network in Africa. The new owners renamed the bank Stanbic Bank (Uganda) Limited.
Stanbic Bank (Uganda) Limited is licensed as a merchant banker, stockbroker, and financial adviser by the Capital Markets Authority, which licensed the USE in 1997. In 2017 the bank was awarded a bancassurance licence from the Insurance Regulatory Authority, authorizing Stanbic Bank to sell insurance products to its customers and the public.
In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches. The new owners merged their new acquisition with their existing Stanbic Bank (Uganda) Limited to form Uganda's largest commercial bank by assets and branch network. In November 2005, the government of Uganda divested its ownership in Stanbic Bank (Uganda) by listing its shares on the USE. Standard Bank also floated 10 percent of its shareholding at the same time, reducing their ownership to 80 percent.
On 19 February 2018, SBU informed its shareholders of the Board of Directors’ decision to re-organize the company’s corporate structure and operations through the formation of a group with a holding company to be called "Stanbic Uganda Holdings Limited" owning several subsidiaries engaged in different lines of businesses including a new banking subsidiary which effectively began on 28 November 2018.

## Ownership

As of December 2017, the ownership of SBU stock, was as depicted in the table below:

## Governance

The chairman of the board is Japheth Katto. Anne Juuko is the managing director.

## Branch network

As of December 2023, SBU had a branch network of nearly 81 branches and 10 customers service points in all four regions of the country. Its network was the largest of all commercial banks in Uganda. At that time, it maintained 178 networked automated teller machines. Listed below were some of the branches of the bank:
* Busia Branch: 1 Tororo Road, Busia
* Iganga Branch: 1-3 Magumba Road, Iganga
* Jinja Branch: 2 Martin Road, Jinja
* Kamuli Branch: 2 Gabula Road, Kamuli
* Kapchorwa Branch: 20 Kitale Road, Kapchorwa
* Kotido Branch: 3A Moroto Road, Kotido
* Lugazi Branch: 29 Ntege Road, Lugazi
* Mbale Branch: 50/52 Republic Avenue, Mbale
* Moroto Branch: 27 Lira Road, Moroto
* Soroti Branch: 42 Gweri Road, Soroti
* Tororo Branch: 1 Block 5 Uhuru Drive, Tororo
* Aponye Mall Branch: 8 Burton Street, Aponye Mall, Kampala
* Kawempe Branch: 161 Bombo Road, Kawempe
* Kiboga Branch: 100 Block 634 Kilulumba, Kampala–Hoima Road Kiboga
* Kireka Branch: 319 Block 232 Kampala–Jinja Highway, Kireka
* Kyambogo Branch: Kyambogo University Campus, Kyambogo
* Luweero Branch: 440 Block 652 Kampala–Gulu Highway, Luweero
* Mityana Branch: 54 Block 425 Katakara Road, Mityana
* Mpigi Branch: Mpigi Town
* Mukono Branch: 37/39 Kampala–Jinja Highway, Mukono
* Mulago Branch: 2nd Floor, Mulago National Referral Hospital, Mulago Hill, Kampala
* Nakivubo Branch: 58 William Street, Kampala
* Nateete Branch: 643 Block 18 Kampala–Masaka Road, Nateete
* Wandegeya Branch: 220 Bombo Road, Wandegeya, Kampala
* William Street Branch: 6 William Street, Kampala
* Bugoloobi Branch: Village Mall, Corner of Spring Road & Bandari Rise, Bugoloobi, Kampala
* Entebbe Main Branch: 15 Entebbe–Kampala Road, Entebbe
* Forest Mall Branch: 3A2 & 3A3 Lugogo Bypass Road, Lugogo, Kampala.
* Freedom City Branch: Freedom City Mall, 4010 Entebbe Road, Namasuba, Kampala
* Garden City Branch: 64-86 Yusuf Lule Road, Kampala
* Kabalagala Branch: 1188–1190 Embassy Plaza, Ggaba Road, Kabalagala, Kampala
* Corporate Branch: 18 Hannington Road, Kampala
* Lugogo Branch: Shop Number 5, 2-8 Lugogo Bypass Road, Lugogo, Kampala
* Makerere Branch: Senate Building, Makerere University Campus, Makerere Hill, Kampala
* Kampala Metro Branch: Social Security House, 4 Jinja Road, Kampala
* Nakasero Branch: Umoja Building, 20 Nakasero Road, Nakasero Hill, Kampala
* Nakawa Branch: M193/194 Industrial Area Road, Nakawa, Kampala
* Ntinda Branch: 3798 Block 216 Ntinda Trading Centre, Kampala
* Adjumani Branch: 9 Mangi Road, Adjumani
* Apac Branch: 18 Akokoro Road, Apac
* Arua Branch: 25 Avenue Road, Arua
* Gulu Branch: 2&4 Acholi Road, Gulu
* Kigumba Branch: 18 Kampala-Gulu Highway, Kigumba
* Kitgum Branch: 4/6 Philip Adonga Road, Kitgum
* Lira Branch: 2 Soroti Road, Lira
* Moyo Branch: 1 Kerere Crescent Road, Moyo
* Nebbi Branch: Arua Road, Nebbi Trading Centre
* Buliisa Branch: Buliisa–Paara Road, Buliisa
* Bundibugyo Branch: 4 Block A Bundibugyo Road, Bundibugyo Township
* Bwamiramira Branch: 18 Karuguza Road, Bwamiramira Trading Centre, Kibaale District
* Fort Portal Branch: 21 Lugard Road, Fort Portal
* Hoima Branch: 32 Main Street, Hoima
* Ibanda Branch: 10-12 Kamwege Road, Ibanda
* Ishaka Branch: 44 Rukungiri Road, Ishaka
* Kabale Branch: 150/152 Kabale Road, Kabale
* Kabwohe Branch: 19B, Kabwohe Road, Kabwohe
* Kalangala Branch: Kalangala Main Street, Kalangala Town
* Kasese Branch: 27/31 Stanley Street, Kasese
* Kihihi Branch: 63 Block 74 Kinkizi, Kihihi Town
* Kisoro Branch: M5 Block 29 Kisoro–Kabale Road, Kisoro Town
* Kyotera Branch: 32 Masaka Road, Kyotera
* Lyantonde Branch: 200 Block 76 Masaka–Mbarara Road, Lyantonde
* Masaka Branch: 4 Birch Avenue, Masaka
* Masindi Branch: 29/33 Tongue Street, Masindi
* Mbarara Branch: 1/3 Ntare Road, Mbarara
* Mubende Branch: 2 Block 13 Main Street, Mubende
* Ntungamo Branch: 33 Mbarara–Kabale Road, Ntungamo Township
* Rukungiri Branch: 123 Block 5 Kagunga, Rukungiri
* Bwera Customer Service Point: Saad Village, Mpondwe–Lubiriha Road, Bwera Town
* Kaboong Customer Service Point: 20 Kaabong Central West Road, Kaabong Trading Centre
* Kayunga Customer Service Point: 472 Block 123 Kayunga Road, Kayunga
* Kagadi Customer Service Point: Mugenyi Street, Kagadi
* Kumi Customer Service Point: 2 Ngora Road , Kumi
* Pakwach Customer Service Point: 94 Arua Road, Pakwach
* Kakira Customer Service Point: Kakira South Estate Road, Kakira
* Kinyara Customer Service Point: Kinyara Sugar Estate, Kinyara
* Mayuge Customer Service Point: Bukoba Road, Mayuge Town
* Wobulenzi Customer Service Point: 59 Block 159 Bulemezi, Kampala–Gulu Highway, Wobulenzi Trading Centre.

## Certification

In June 2022, Stanbic Bank Uganda became the first commercial bank in the country, to be awarded the ISO/IEC 27001:2013 Certification, by the British Standards Institution. The certification is in recognition of the bank's Information Security Management Systems "compliance with global standards".

## Evolving Features

In May 2024, Stanbic Bank Uganda launched a brand new card reload feature that will allow all its customers holding prepaid cards to top up their card balances using its pre-existing service FlexiPay, by inserting the merchant code "Card" and providing client ID behind the card.