Stanchart records Shs116b profit as loan defaults fall
Friday April 7 2017
A piechart showing different sources of income for Standard Chartered Bank Uganda in 2016.
The bank still has a high Non-Performing Loan portfolio. According to the financial results, NPLs as a percentage of total loans increased slightly to 8.9 per cent (Shs112b) from 8.6 per cent (Shs113) in 2015.
The industry average at the end of December 2016 was about 8 per cent.