Euromoney names SBU top bank in Uganda
July 18— The 2017 Euromoney Awards, one of the world’s most prestigious accolades in international banking, has picked Stanbic Bank Uganda (SBU) as the top financial institution in Uganda.
Accepting the award on behalf of SBU, Cathy Adengo, the Corporate Communications Manager said, “We owe this accomplishment to our esteemed customers who we truly thank for making us their bank of choice.”
Patrick Mweheire, the Chief Executive said, “We are extremely proud to have received global recognition as the ‘Best Bank in Uganda’. It is an affirmation of our relentless focus on meeting our customer needs both at the retail and institutional segments.”
He said, “With this achievement, I would like to thank our customers for their continued loyalty and look forward to working together to achieve greatness while making real contributions to the Ugandan economy.”
Several SBU clients are equally delighted with the award. Georgeous Kasangaki, a Director of Tulsa Investments Limited, a long term stationary supplier who has now ventured into commercial printing said, “Even though we were relatively new to the bank, Stanbic was able to support us in in acquiring a high-tech printing machine worth UGX 28 billion (nearly $8 million) . It was amazing how the team was able to put together the financing of this equipment without having to provide additional collateral.’’
“I wish to congratulate the management and staff of Stanbic Bank Uganda for this achievement. We are proud to be part of a winning brand and we hope you keep it up by continuing to come up with more innovative products that make our banking experience even more relevant to our business needs,” Dieudonne Kamenge, the Managing Director of Artis Uganda Limited, a leaf and commodities trading company said.
Meanwhile, in 2016 SBU strengthened its position as the largest provider of financial support to the government for infrastructure projects by providing up to UGX 1 trillion (about $280,000) of all off-balance sheet guarantees and performance bonds.