Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank
21 C
Kampala
Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank

Stanbic Uganda unveils banking sector’s first-ever sustainability report

Must read

Stanbic Bank Uganda, on Tuesday, 4th unveiled the first-ever ‘Report to Society” aimed at creating a sustainable future by investing in initiatives that promote positive Socioeconomic, and Environmental impact.

The report showcases how Stanbic Bank is improving financial inclusion, creating jobs through support to local enterprises, enabling the development of critical public infrastructure, including energy, water, transport, and telecommunications infrastructure.

The report was released under the theme “We believe in Uganda”showcasing Stanbic’s positive impact created through its Corporate Social Investment (CSI) programmes including the National Schools Championship that skills youth, Corporate Society for Safe motherhood in partnership with the Ministry of health, as well as tree planting initiatives aimed at conserving the environment.

Speaking on behalf of the government, the Minister for General Duties in the Office of the Prime Minister, Justine Kasule Lumumba hailed Stanbic Uganda and specifically its anchor subsidiary, Stanbic Bank, for being the first financial institution to publish a sustainability report.

“This is a form of accountability to the community in which you work, and on behalf of the government, I congratulate the leadership of Stanbic on this milestone,” she said.

Lumumba, who is also the Focal Minister for Sustainable Development Goals added that, “your success as members of the private sector is also our as government. For instance, your success in enabling Ugandans to access affordable credit through SACCOs is commendable as it complements the government’s Parish Development Model aimed at having the 39% Ugandans who are still in Subsistence living to join the money economy,” she said.

Andrew Mashanda, the Chief Executive of Stanbic Uganda Holdings Limited, said the Report is a document of accountability to Ugandans and government that the organization is committed to walking the talk of its purpose—Uganda is our home, we drive her growth.

“We don’t want to just drive growth; we want to drive sustainable growth and that is why sustainability is at the center of the SUHL business strategy. We are to grow today while also securing opportunities for future generations,” he said.

Stanbic Bank Chief Executive Anne Juuko asserts that creating value for society is the sure way shareholders will reap from activities of the Bank. It was against this background, Juuko explains that Stanbic Uganda put in place a comprehensive Sustainability strategy in 2022 that currently shapes the business priorities across the organization. “By delivering on our sustainability priorities, we create a meaningful impact in our communities and for stakeholders we serve,” she stated.

Juuko gives examples of areas where the Bank has intervened, citing the Stanbic Economic Enterprise Restart Fund (EERF), an economic recovery programme supporting vulnerable groups including SME’s. “In 2022, we extended UGX20 billion to women-owned SMEs and SACCO’s. Additionally, we have touched over 260,000 members through on-lending and have offered 292 SACCOs/ VSLAs accessible finance.

Additionally, they have used digitalization to improve financial inclusion, providing personnel with the necessary training and technical equipment. Through our women’s proposition Stanbic for Her, loans worth UGX 19.7 bn were disbursed to 1,127 women. The proposition was launched in 2022 and continues to be a thriving portfolio as we address gender parity concerns that are affecting equitable access.”

Cathy Adengo, Stanbic Uganda’s Head of Sustainability said, “Stanbic’s Sustainability strategy aims at creating positive Social, Economic and Environmental impact thereby addressing some of the most pressing concerns in our communities and for our clients.

“By delivering on our sustainability priorities, we create a meaningful impact in our communities and for stakeholders we serve. We remain pivotal to facilitating Uganda’s economic growth and Stanbic Uganda Holdings through Stanbic Bank, lends to a wide range of growth sectors ranging from primary growth sectors including, Agriculture, Infrastructure, Trade, Health Care, Education and Green Business,” she remarked.

- Advertisement -

More articles

167 COMMENTS

  1. Hi there! I could have sworn I’ve been to this site before but after reading through some of the post I realized it’s new to me. Anyways, I’m definitely glad I found it and I’ll be bookmarking and checking back often!

  2. fantastic publish, very informative. I wonder why the other experts of this sector do not realize this. You should continue your writing. I am sure, you have a huge readers’ base already!

  3. I’m not sure where you are getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for fantastic information I was looking for this information for my mission.

  4. I have been surfing online more than three hours nowadays, yet I never found any fascinating article like yours. It’s pretty value enough for me. In my opinion, if all site owners and bloggers made just right content as you did, the net can be much more useful than ever before.

  5. With havin so much written content do you ever run into any problems of plagorism or copyright violation? My site has a lot of completely unique content I’ve either authored myself or outsourced but it appears a lot of it is popping it up all over the web without my agreement. Do you know any solutions to help stop content from being ripped off? I’d genuinely appreciate it.

  6. Thanks for your marvelous posting! I truly enjoyed reading it, you may be a great author. I will always bookmark your blog and will come back at some point. I want to encourage yourself to continue your great writing, have a nice morning!

  7. Have you ever considered about including a little bit more than just your articles? I mean, what you say is valuable and all. However just imagine if you added some great pictures or video clips to give your posts more, “pop”! Your content is excellent but with images and video clips, this website could certainly be one of the very best in its niche. Wonderful blog!

  8. I have been surfing online more than three hours lately, yet I never found any interesting article like yours. It’s lovely worth enough for me. Personally, if all site owners and bloggers made just right content as you did, the net can be much more useful than ever before.

  9. Hello there, just became aware of your blog through Google, and found that it is really informative. I’m gonna watch out for brussels. I will appreciate if you continue this in future. Lots of people will be benefited from your writing. Cheers!

  10. 🌌 Wow, this blog is like a cosmic journey launching into the universe of wonder! 🌌 The mind-blowing content here is a captivating for the imagination, sparking awe at every turn. 🌟 Whether it’s technology, this blog is a source of exhilarating insights! #InfinitePossibilities Dive into this thrilling experience of imagination and let your mind fly! 🚀 Don’t just explore, experience the excitement! #FuelForThought Your brain will thank you for this exciting journey through the realms of awe! 🌍

  11. 💫 Wow, this blog is like a rocket blasting off into the universe of endless possibilities! 🎢 The captivating content here is a thrilling for the imagination, sparking awe at every turn. 🎢 Whether it’s inspiration, this blog is a goldmine of inspiring insights! 🌟 Embark into this exciting adventure of discovery and let your thoughts fly! ✨ Don’t just explore, savor the excitement! 🌈 Your brain will be grateful for this exciting journey through the dimensions of discovery! ✨

  12. 🌌 Wow, this blog is like a rocket blasting off into the universe of endless possibilities! 💫 The mind-blowing content here is a thrilling for the imagination, sparking awe at every turn. 🎢 Whether it’s inspiration, this blog is a treasure trove of exciting insights! #AdventureAwaits 🚀 into this cosmic journey of discovery and let your imagination fly! 🚀 Don’t just read, savor the thrill! 🌈 🚀 will be grateful for this exciting journey through the realms of endless wonder! 🌍

  13. 💫 Wow, this blog is like a rocket blasting off into the universe of endless possibilities! 🎢 The thrilling content here is a rollercoaster ride for the mind, sparking curiosity at every turn. 💫 Whether it’s lifestyle, this blog is a goldmine of inspiring insights! 🌟 🚀 into this thrilling experience of discovery and let your imagination soar! ✨ Don’t just enjoy, savor the excitement! 🌈 Your mind will be grateful for this thrilling joyride through the worlds of discovery! 🌍

  14. 🚀 Wow, this blog is like a rocket soaring into the galaxy of endless possibilities! 💫 The mind-blowing content here is a captivating for the mind, sparking curiosity at every turn. 🌟 Whether it’s technology, this blog is a goldmine of exciting insights! #InfinitePossibilities Dive into this exciting adventure of knowledge and let your mind soar! ✨ Don’t just explore, immerse yourself in the thrill! 🌈 Your brain will be grateful for this exciting journey through the realms of endless wonder! 🚀

  15. I loved as much as you’ll receive carried
    out right here. The sketch is attractive, your authored subject matter stylish.
    nonetheless, you command get bought an impatience over that you wish be delivering the following.
    unwell unquestionably come further formerly again as exactly the same nearly a lot often inside
    case you shield this increase.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -