Stanbic Bank Opens New Branch in Hoima Ahead of Oil Production

Stanbic Bank Uganda has launched a new branch in Hoima town on plot 32 Main Street, recipe aimed to provide an enhanced service experience for customers in Uganda’s future oil producing region.

The new branch that replaces the old premises can now accommodate a large number of customers while providing specialist expertise for oil and gas corporate partners and various businesses operating in Hoima town.

During the official opening ceremony, Kevin Wingfield, Stanbic Bank Uganda’s Executive Director and Head of Personal and Business Banking emphasised the importance of understanding customers’ needs and offering solutions that will support their growth.

Kevin said, “Our experience, knowledge and expertise in Corporate and Business Banking is manifested through our sharp acumen in quickly understanding our customers. In a growing macro-sector, Stanbic strives to create an enabling environment where customers get value for banking with us not only here in Hoima, but across all our 75 branches across the country.”

“Expanding our branch in Hoima is timely as the country prepares for oil production that is projected to start in 2020. Oil and Gas is a core sector for the bank, and is supported by a dedicated team of experts who offer advisory support for a range of financial solutions,” he added.

Stanbic bank recently signed a USD 55 million two year loan facility aimed at providing funding for investors in energy, manufacturing, infrastructure and transport among others.

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