Stanbic to sell shares
Oct 03, 2006
SALE of Stanbic Bank shares to the public will start in November this year, the managing director has said.
By Charles Kakamwa
SALE of Stanbic Bank shares to the public will start in November this year, the managing director has said.
Addressing guests at the opening of Stanbic Kakira branch in Jinja on Saturday, Kitili Mbathi said at least 20% shares would be sold.
“You should save money and become shareholders in Stanbic Bank,†he said.
Kitili, who said the branch was opened in response to the Kakira Sugar Works (KSW) business demands, urged the community to utilise its services.
The branch, located adjacent to the main gate of KSW, cost sh500m to set up. It has a 24-hour ATM facility.
Daniel Nsibambi, the bank’s communications manager, said Kakira branch is the 15th in eastern Uganda.
Ends
SALE of Stanbic Bank shares to the public will start in November this year, the managing director has said.
Addressing guests at the opening of Stanbic Kakira branch in Jinja on Saturday, Kitili Mbathi said at least 20% shares would be sold.
“You should save money and become shareholders in Stanbic Bank,†he said.
Kitili, who said the branch was opened in response to the Kakira Sugar Works (KSW) business demands, urged the community to utilise its services.
The branch, located adjacent to the main gate of KSW, cost sh500m to set up. It has a 24-hour ATM facility.
Daniel Nsibambi, the bank’s communications manager, said Kakira branch is the 15th in eastern Uganda.
Ends