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Francis Karuhanga Named New Stanbic Uganda Holdings Chief Executive

Dec 13, 2023•almost 2 years ago

Company

Stanbic Uganda Holdings

Francis Karuhanga
JohannesburgFinancial Services

Description

The Standard Bank Group has named Francis Karuhanga as the new Chief Executive for Stanbic Uganda Holdings , the listed entity under which Stanbic Bank is operated, alongside four other subsidiaries—Stanbic Properties Limited, SBG Securities, Stanbic Business Incubator, and FlyHub.

Company Information

Company

Stanbic Uganda Holdings

Location

Johannesburg, Gauteng, South Africa

About

The organisation started off as the National Bank of India in 1906 in Uganda. After several name changes, it rebranded to Grindlays Bank. In 1991, Standard Bank Group acquired Grindlays Bank. The new owners renamed the Ugandan subsidiary, Stanbic Bank (Uganda) Limited. In February 2002, Standard bank group acquired 90% of the shareholding in Uganda Commercial Bank Limited, a government-owned bank with sixty-five branches. It then merged their new acquisition with the existing Stanbic Bank (Uganda) Limited, to form Uganda’s largest commercial bank by assets and branch network.

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