Who we are

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. 

In November 2007, the Government of Uganda divested its ownership in Stanbic Bank (Uganda) by listing its shares on the Uganda Securities Exchange. Standard Bank Group also floated 10% of its shareholding at the same time, retaining an ownership stake of 80%. The next key milestone was on the 1st April 2019 when the Stanbic Bank Uganda reorganized its corporate structure to create the Holding Company (SUHL) with one subsidiary i.e. Stanbic Bank Uganda Limited. 

As of 31st December 2021 , SUHL had four additional subsidiaries i.e Stanbic Properties Limited, Stanbic Business Incubator Limited, FLYHUB Uganda Limited and SBG Securities Uganda Limited.