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Stanbic Bank Holdings Limited is currently undergoing a corporate reorganisation through the formation of a holding company.
This transaction may have an effect on the price of the company.
To find out more about Voluntary Suspension of Trading of Stanbic Bank Holdings, Please see the attached extract below.
Dividend: The directors have resolved to recommend to shareholders at the forthcoming annual general meeting, a final divivdent for the year ended 31 December 2018 of Ushs 1.9 per share. The annual general meeting will be held on 30 May 2019. The book closure date will be on 30 May 2019 with respect to entitlement to this divident which will be paid by 01 July 2019.
To find out more about Stanbic Bank Holdings Limited performance highlights, Please see the attached extract below.
2018 performance highlights
Loans and advances grew by 5% as we focused on the asset quality of our consolidated book, which resulted in reduction in the impairment expenses by 61% from UGX 49 billion to UGX 19 billion.
Customer deposits remained stable at UGX 1.9 trillion as we focused on our strategy of growing the current and savings deposits that are a more cost-effective source of funding, which resulted in a 11% reduction in the interest expense from UGX 88 billion to UGX 78 billion.
Dividents: Subject to approval of shareholders at the Annual General Meeting schdeduled for Tuesday 30th April 2019 at the Kenyatta International Convention Centre (KICC), Nairobi at 10am, the Directors have recommended a first and final dividend of Kshs. 2.0/= per each ordinary share of Kshs 0.50/= for the year ended 31st December, 2018. The proposed divident will be payable on or about 31st May 2019, net of withholding tax to shareholders on the register at the close of business on Friday, 26th April, 2019.