KAMPALA – In a bid to support vulnerable communities across the country that have been affected by the COVID19 lockdown, Stanbic Bank contributed a further UGX140 million used for purchasing food items for the communities in which they are operating in.
Through the different branches across the country Stanbic Bank employees distributed food items to over 4,000 individuals among vulnerable communities across the country.
Speaking during the handover of food items to Loving Hearts Babies Home, Munyonyo children’s home, Stanbic Bank Uganda Corporate Social Investments Manager, Ms Barbara Kasekende said, “At Stanbic Bank, we understand the drastic effects the lockdown has hard on some of the communities in which we operate it. As a business, we are reaching out to show our support and further encourage the vulnerable in our communities.”
She said Stanbic’s sustainability vision focuses on Social, Economic and Environmental (SEE) goals, where we aim to ensure we create shared value in the societies and environment in which we operate.
One of the communities supported, Loving Hearts Babies Home, Munyonyo has over 30 babies and 13 members of staff at the moment, and the home has encouraging adoption statistics with an increasing number of babies finding a permanent home with loving families over the years since it was founded
The home has had over 400 babies who have gone through loving hearts with over 200 reunited with their families. The Loving hearts team reaches 200 plus homes in the community. This home started in 2009 and caters for neglected babies 0-3 in the Makindye division. This lovely girl named flower is one of the beneficiaries that is also up for adoption.
Stanbic is continuing to demonstrate her commitment to the communities it operates in during this difficult time of Covid-19 Pandemic The Bank had earlier contributed UGX 100 million towards the National COVID19 task force, and another UGX 20 million through the Uganda Bankers Association.
As the country goes through this period, we commend the government for all their efforts in trying to curb the spread of the virus and for the continued support and partnership.
About Stanbic Bank Uganda
Stanbic Bank Uganda is part of the Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets R2.3 trillion (about USD163 billion) at 31 December 2019, while its market capitalisation was R277 billion (USD20 billion).
The group has direct, on-the-ground representation in 20 African countries and in 5 global financial centres. Standard Bank Group has more than 1 100 branches and 9 000 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.
Stanbic Bank Uganda provides the full spectrum of financial services. It’s Corporate & Investment Banking (CIB) division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.
Standard Bank’s corporate and investment banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.