June 15—Stanbic Bank Uganda hosted a cross-section of its Muslim customers who are observing the Holy month to a dinner after breaking their Ramadan fast for the day at Hotel Africana in Kampala. This annual observance is considered to one of the five pillars of Islam.
“Ramadan is a period of great sacrifice, discipline and reflection for all Muslims. We at Stanbic Bank Uganda and our counterparts across the globe therefore feel honoured and privileged to be able to interact and share a meal with you during this holy month,” Moses Mbubi , the Stanbic Bank, Head of Human Capital said.
Also in attendance were Patrick Mweheire, the Chief Executive of Stanbic Bank, members of his Executive Committee and high-profile Muslim leaders including Mufti Sheik, Muhammed Kibaate who led the prayers
Stanbic Bank Uganda is a member of the Standard Bank Group, Africa’s largest bank by assets. As of December 31st, 2016, the Group reported total assets of $143 billion and a market capitalisation of about $18 billion.
He said, “As we come together and break the fast, we would like to re-assure you of our unwavering support for your businesses helping them to succeed while creating value for your families, employees and the community’s where you operate.”
Also in attendance were Patrick Mweheire, the Chief Executive of Stanbic Bank, members of his Executive Committee and high-profile Muslim leaders including Mufti Sheik, Muhammed Kibaate who led the prayers.
Mbubi highlighted key developments in the financial sector which will make services increasingly relevant to Ugandan Muslims and bring banking closer to the people. Mbubi singled out passage of the 2015 Financial Institutions Act (Amendment) Bill which among other things makes provisions for Islamic and Agency banking.
The invited guests apart from enjoying a nice meal were also informed of the latest developments in banking that will help improve customer services.
“These developments will allow us to create new products, extend our reach while reducing the cost of doing business. We intend to pass on these benefits to you our customers in form of improved services and lower bank charges,” Mbubi said.
Stanbic Bank Uganda provides the full spectrum of financial services. Its Corporate & Investment Banking 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.