Stanbic Bank wins three awards at 2016 Financial Reporting Awards


Stanbic Bank, Uganda’s leading financial institution, emerged the proud winner in three prestigious categories at the 2016 Financial Reporting (FiRe) Awards held at the Kampala Serena Hotel this week.

Stanbic Bank Uganda won first place for the Banking Services Award; Best Listed Entities Award and won silver for the Report of the Year Award. Additionally, Stanbic was given special recognition for exceptional performance in sustainability reporting.

The FiRe awards are organised by the Institute of Certified Public Accountants of Uganda (ICPAU) in collaboration with the Capital Markets Authority (CMA) and Uganda Securities Exchange (USE). They seek to enhance the quality of financial and business reporting in Uganda by encouraging the implementation of financial reporting standards as well as best practice.

Accepting the awards on behalf of Stanbic Bank Uganda, Samuel Mwogeza, Chief Finance Officer said, “We are very proud to have received the accolades as they are confirmation of our commitment to encouraging transparency and effective communication of financial and business information. As Uganda’s leading bank, it is important that we promote good financial reporting and accountability in the corporate reporting process especially as a listed entity.”

He further added, “I would like to thank our outstanding teams for their contribution to this achievement and for their continuous efforts in elevating Stanbic Bank’s overall performance and position as the leader in the market.”

In his conclusion, he thanked the banks customers, shareholders and all other stakeholders for their loyalty and support.

It has been a triumphant year for Stanbic following the bank’s recognition in a series of awards. Among these include: Most valuable African banking brand in the Banker’s 2016 list of top 500 banks in the world, best foreign exchange provider in Africa at the 2016 Finance magazine awards and being crowned as Africa’s Best Bank for Markets at the Euromoney awards for excellence in London. In addition, Euromoney recently named Stanbic Bank as the Best Bank in Uganda and in Zambia.

About Stanbic Bank Uganda
Stanbic Bank Uganda is a member of the Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets of R1,98 trillion (about USD128 billion) at 31 December 2015, while its market capitalisation was R184 billion (about USD11,8 billion).

The group has direct, on-the-ground representation in 20 African countries. Standard Bank Group has 1 221 branches and 8 815 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.

Stanbic Bank Uganda provides the full spectrum of financial services. Its Corporate & Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.

Stanbic Bank Uganda personal & business banking unit offers banking and other financial services to individuals and small-to-medium enterprises. This unit serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.

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Issued by WMC Africa on behalf of Stanbic Bank Uganda.

For more information contact:
Yona Namawa, WMC Africa, E Mail: Mobile: +256 (0) 78 252 1215