Uganda’s largest lender by asset base and market capitalization, Stanbic Uganda, has reported an 18.2% rise in net profits to to UShs 278.4 billion (1 KSh= UShs 27.50) in the first of 2025, up from UShs 235.5 billion in June 2024.
The performance was supported by a 7.5% increase in total income to UShs 685.2 billion, while operating expenses grew 5.9% to UShs 323 billion.Net interest income grew modestly by 2.6% to UShs 371.5 billion, while non-interest income expanded 14% to UShs 313.7 billion, increasing its share to 45.8% of total revenue.The board declared an interim dividend of UShs 2.73 per share, unchanged from 2024, translating to a payout of UShs 140 billion.
Credit impairments fell to UShs 7.3 billion, nearly half the UShs 14.4 billion reported a year earlier, reflecting improved recoveries and stronger asset book quality. The non-performing loan ratio declined to 1.3% from 1.6% in June 2024.
| Metric | June 30 2025 | June 30 2024 | YoY % |
|---|---|---|---|
Balance Sheet Strength
Stanbic’s balance sheet grew 20.8% to UShs 11.8 trillion. Customer deposits surged 28.9% to UShs 8.44 trillion, buoyed by tailored financing solutions and growth in the custody and investment business. Net loans and advances rose 12.9% to UShs 4.94 trillion, while shareholders’ equity increased 11.3% to UShs 2.18 trillion.
Liquidity remained strong with a loan-to-deposit ratio of 58.2%, down from 68.6% last year, reflecting deposit growth outpacing loan expansion. The bank maintained robust capital buffers with a Core Tier 1 ratio of 20.6% and total capital adequacy of 22.2%.
Profitability and Shareholder Returns
Return on equity improved to 26.9% from 25.1% in June 2024, while return on assets rose to 5.2%. Efficiency gains continued, with the cost-to-income ratio improving to 47.1% from 47.8%. Earnings per share climbed to 10.88, compared with 9.20 a year earlier.
Key Ratios