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Stanbic Bank Uganda's 2022 pretax profit up 37% - Stock market news

KAMPALA (Reuters) - Stanbic Bank Uganda reported a 37.5% jump in pretax profit for last year, boosted by a surge in customer deposits and credit, results published on Wednesday showed. | 03:14am ....

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Uganda: Dividends for banking investors down but better than expected


By Isaac Khisa | The Independent UG
Published: April 06, 2021 11:19 PM
Kampala, Uganda | ISAAC KHISA | 2020 was a tough year in almost all fronts: public health, production, new orders, employment, and demand, among others. The once growing economy contracted and interest rates took a deep dive as coronavirus cases surged.
 
However, the dividends set to be paid to shareholders seem to be more than expected as evidenced by the annual performance announcements by some of the country’s commercial banks that have released their results.
 
Stanbic bank, for instance, has proposed a dividend of Shs 1.86 per share, equivalent to Shs 95billion for the year ended Dec.2020. This, however, is below the Shs 2.15 per share, equivalent of Shs110bn, paid in the previous year. ....

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