SERVING THEIR CUSTOMERS: They do everything in their power to ensure that they provide their customers with the products, services and solutions to suit their needs, provided that everything they do for them is based on sound business principles.
GROWING THEIR PEOPLE: They encourage and help their people to develop to their full potential and measure their leaders on how well they grow and challenge the people they lead.
DELIVERING TO THEIR SHAREHOLDERS: They understand that they earn the right to exist by providing appropriate long-term returns to their shareholders. They try hard to meet their various targets and deliver on their commitments.
RESPECTING EACH OTHER: They have the highest regard for the dignity of all people. They respect each other and what Stanbic Bank Uganda stands for. They recognise that there are corresponding obligations associated with their individual rights.
WORKING IN TEAMS: They, and all aspects of their work, are interdependent. They appreciate that together, they can achieve much greater things than as individuals. They value teams within and across business units, divisions and countries.
CONSTANTLY RAISING THE BAR: They have confidence in their ability to achieve ambitious goals and they celebrate success, but they must never allow themselves to become arrogant.
BEING PROACTIVE: They strive to stay ahead by anticipating rather than reacting, but their actions are always carefully considered.
UPHOLDING THE HIGHEST LEVELS OF INTEGRITY: Their entire business model is based on trust and integrity as perceived by their stakeholders, and especially their customers.
A BRIEF HISTORY
In 1991, Standard Bank Group (The Group) acquired Grindlays Bank. The new owners renamed the Ugandan subsidiary, Stanbic Bank Uganda Limited (SBUL).
In February 2002, the Group acquired 90% of the shareholding in Uganda Commercial Bank Limited, a government-owned bank with sixty-five branches. The Group merged their new acquisition with the existing Stanbic Bank (Uganda) Limited, to form Uganda’s largest commercial bank by assets and branch network.
In November 2007, the Government of Uganda divested its ownership in Stanbic Bank Uganda by listing its shares on the Uganda Securities Exchange. The Group also floated 10% of its shareholding at the same time, retaining an ownership stake of 80%.
In 2018, the Bank started the process of reorganising its corporate structure to include a holding company. On 31st May 2018, the Bank obtained shareholder approval, and later regulatory approvals to change it's name from Stanbic bank Uganda Limited, to Stanbic Bank Holdings Limited, as part of the reorganisation process. This name change became effective on 28th November 2018.
The reorganisation process will culminate into the Bank known as SBUL being wholly owned by the holding company Stanbic Uganda Holdings Limited (SUHL). Over time SUHL will incorporate or acquire other businesses
