Why Standard Chartered Bank’s 2024 profits dropped like a stone
Standard Chartered Bank Uganda, a cornerstone of the country’s financial landscape since 1912, faced an unprecedented setback in 2024, with net profits after tax plummeting by over 70% to Shs 19 billion from Shs80 billion in 2023. This dramatic decline, reported in its financial statement for the year ending December 31, 2024 has sent shockwaves…