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 % |
|---|---|---|---|
| Net Interest Income | 371.53 Bn | 362.21 Bn | 2.57% |
| Non-Interest Income | 313.69 Bn | 275.18 Bn | 13.99% |
| Operating Expenses | 323.00 Bn | 305.00 Bn | 5.90% |
| Operating Income (before impairments) | 685.22 Bn | 637.39 Bn | 7.50% |
| Profit Before Tax (PBT) | 355.23 Bn | 318.19 Bn | 11.64% |
| Profit After Tax (PAT) | 278.42 Bn | 235.55 Bn | 18.18% |
| Total Assets | 11.80 Tn | 9.77 Tn | 20.80% |
| Total Equity | 2.18 Tn | 1.96 Tn | 11.30% |
| Customer Deposits | 8.44 Tn | 6.55 Tn | 28.90% |
| Loans and Advances (Net) | 4.94 Tn | 4.38 Tn | 12.90% |
| Gross NPLs (ratio) | 1.30% | 1.60% | -18.75% |
| Earnings per Share (EPS) | 10.88 | 9.20 | 18.26% |
| Dividend per Share (DPS) | 2.73 | 2.73 | 0.00% |
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
| Ratio | June 2025 | June 2024 | June 2023 | June 2022 | June 2021 |
| Return on Average Equity (ROE) | 26.9% | 25.1% | 23.9% | 21.6% | 23.2% |
| Return on Average Assets (ROA) | 5.2% | 4.9% | 4.3% | 3.6% | 3.6% |
| Cost to Income (CTI) | 47.1% | 47.8% | 48.7% | 49.9% | 50.4% |
| Loan to Deposit Ratio (LDR) | 58.2% | 68.6% | 64.0% | 62.1% | 65.8% |
| Credit Loss Ratio (CLR) | 0.2% | 0.8% | 1.8% | 1.0% | 1.5% |
| Non-Performing Loans (NPL) | 1.3% | 1.6% | 3.7% | 3.9% | 3.6% |
| Core Tier 1 CAR | 20.6% | 21.0% | 23.9% | 17.4% | 19.4% |
| Total CAR (Tier 1 + Tier 2) |
