Stanbic Uganda Raises Interim Dividend 57.1% as H1 Profit Reaches UGX356.8 Billion

Stanbic Uganda Holdings Limited (SUHL) recorded a 28.2% increase in profit after tax to UGX356.8 billion in the first half of 2026, supported by a 21.2% rise in total income to UGX830.3 billion.

The group’s profit after tax increased by UGX78.4 billion from the comparable period to UGX356.8 billion, representing 28.2% growth.

The strong half-year performance was accompanied by growth in the group’s balance sheet, lending and customer deposits, while return on equity increased to 30.4%.

Stanbic Uganda Holdings, the parent company of Stanbic Bank Uganda Limited and other financial and non-financial businesses, reported total assets of UGX13.43 trillion at the end of June 2026.

Net loans and advances stood at UGX5.35 trillion, while customer deposits increased to UGX9.24 trillion during the period. Total income rose 21.2% to UGX830.3 billion, meaning profit growth outpaced the increase in income during the first six months of the year.

Return on equity also improved from 26.9% to 30.4%, based on the financial disclosure.

The increase in profitability came as Stanbic Uganda expanded its lending and deposit base while maintaining its position as one of the largest financial institutions in the Ugandan market by assets.

Stanbic Uganda Balance Sheet Reaches UGX 13.43 Trillion

Stanbic Uganda Holdings’ total balance sheet increased to UGX13.43 trillion in the first half of 2026. The group’s net loans and advances stood at UGX5.35 trillion, providing the main channel through which its banking business deployed funds to customers.

Customer deposits reached UGX9.24 trillion, providing the group with a larger funding base for its lending activities.

Stanbic Bank Uganda Limited remains the core business within the holding company structure and accounts for approximately 85% to 90% of group net earnings, according to the information provided.

The bank’s performance has been supported by lending to infrastructure projects, including oil and gas and national grid projects, as well as corporate debt refinancing.

Stanbic Uganda Increases Interim Dividend to UGX 220 Billion

The strong earnings performance has also enabled Stanbic Uganda Holdings to increase its interim dividend. The board approved an interim dividend allocation of UGX220 billion, representing a 57.1% increase compared with the corresponding period.

The higher payout comes alongside the increase in group profitability and cash generation during the first half of 2026.

Stanbic Uganda Holdings is listed on the Uganda Securities Exchange, where its market capitalisation is reported at more than UGX3.7 trillion.

Based on an annualised net profit of about UGX713 billion, the company’s shares have been estimated at a price-to-earnings ratio of between 5.1 times and 5.3 times. The reported forward and trailing gross dividend yield is between 9.5% and 11.2%, depending on the prevailing share price.

Stanbic Uganda Subsidiaries Expand Beyond Banking

Stanbic Uganda Holdings operates through a portfolio of banking and non-banking businesses, with Stanbic Bank Uganda forming the group’s main earnings contributor.

SBG Securities Uganda Limited provides brokerage and wealth management services and has expanded its assets under management. Its assets under management increased by 389% to UGX538 billion at the end of the previous financial year.

Stanbic Properties Limited operates in real estate and facilities management, while FlyHub Uganda supports technology and digitalisation activities within the group.

The Stanbic Business Incubator focuses on supporting small and medium-sized enterprises through enterprise development and capacity-building programmes.

Stanbic Maintains Leading Position Among Listed Banks

Stanbic Uganda Holdings remains the largest financial institution in Uganda by asset base based on the H1 2026 figures provided, with UGX13.43 trillion in total assets.

Its UGX356.8 billion first-half profit also places it ahead of the other listed banking competitors referenced in the financial comparison.

DFCU Bank is reported to have an asset base below UGX4.5 trillion, while Bank of Baroda Uganda has an asset base below UGX3.2 trillion.

Stanbic’s return on equity reached 30.4% during the period, compared with the higher cost-to-income levels historically associated with DFCU Bank and the more conservative lending approach attributed to Bank of Baroda Uganda in the comparison provided.

The difference in scale is also reflected in shareholder distributions, with Stanbic approving a UGX220 billion interim dividend for the first half of 2026.