Mixed fortunes for Uganda banks in first half of 2017
Stanbic Bank profits dropped 11pc as interest charges fell, while DFCU which acquired Crane Bank assets and liabilities, saw its profits rise. FOTOSEARCH
Stanbic Bank Uganda’s profits dropped by 11 per cent in the first half of 2017, compared with the same period last year, on the back of falling interest margins and tough economic conditions.
DFCU, which acquired Crane Bank assets and liabilities early in the year saw its profit after tax rise to Ush114 billion ($31.2 million) at the close of June 2017, from Ush23 billion ($6 million) at the end of June 2016.
