Stanbic Bank Profits Grow by 800billion Shillings In 2017
Stanbic Bank, has today released its 2017 full year financial results with the bank registering a solid performance.
Announcing the results today Patrick Mweheire the Chief Executive Director said that they grew by over Ushs800 billion to Ushs 5.4 trillion.
He said that in 2017 alone, they provided financial instruments worth Onetrillion Shillings, to contractors, suppliers and executing government agencies.
He said that customer deposits grew by approximately 18% from Ushs 3.06 trillion to Ushs 3.62 trillion representing 20% of all bank deposits in the country.