KAMPALA, Sept 14 Stanbic Bank Uganda (SBU), part
of South Africa's Standard Bank Group, said on
Wednesday it had secured a $55 million syndicated loan to boost
lending to a range of sectors including energy, manufacturing
SBU, the largest bank in Uganda by assets, reported last
month that its operating profit jumped to 144 billion shillings
($43 million) in the first six months of 2016 from 92 billion
shillings in the same period last year.
In a statement, SBU said four banks - Al Ahli Bank of Kuwait
K.S.C.P, Bank of Baroda, SBM Bank (Mauritius) Ltd and
The Commercial Bank (Q.S.C.) - acted as lead arrangers of the
two-year loan. The loan facility was oversubscribed.
($1 = 3,368.0000 Ugandan shillings)
(Reporting by Elias Biryabarema; editing by Edmund Blair and