Stanbic Bank Uganda has started issuing bonus shares to some of its investors as the institution seeks to grow its capital base to match well with the Bank of Uganda capital requirement.
This has come after the Capital Markets Authority (CMA) cleared Stanbic Bank last month to issue 5,118,866,970 shares to its listed shareholders.
The Communications manager of Stanbic Bank, Daniel Nsibambi tells informers in Kampala that the bonus shares will have a doubling effect on all shareholders.
By doubling effect the communications manager meant that shareholders with 100 shares, will get more 100 shares.
By Moureen Nakyanzi
