Stanbic bank blames reduced profits on high operating costs

High operating costs coupled with the lag effects of the turbulent economic challenges suffered about three years ago, are still evident in Uganda’s banking industry, as banks continue posting mixed 2013 financial results.

Wednesday April 16 2014

Clients line up in a Stanbic banking hall. The

Clients line up in a Stanbic banking hall. The bank recorded reduced profits in 2013, which it has attributed to high operating costs, among other things. FILE PHOTO 

By FARIDAH KULABAKO


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