BANKING INDUSTRY: Bad loans hit Stanbic profitability
Stanbic shareholders will earn a little less this year following a drop in profitability for the year 2020. Profitability fell by 6.85% to UGX 242bn in 2020 from UGX 259bn in 2019 due to the effectives of Covid-19 on the economy. The banks also took a hit from the doubling of bad loans from UGX 43bn in 2019 to UGX 91bn in 2020. #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Connect with us on Messenger via m.me/NTVUganda
—— AUTO – GENERATED; Published (Halifax Canada Time AST) on: March 31, 2021 at 04:09PM
