Politics and Government Politics and Government

Standard Chartered Bank is not exiting the Ugandan market


Published on 2024-12-06 01:00:49 - Daily Monitor
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  • As a bank that has been in existence for over 170 years in the world's most dynamic markets and 112 years in Uganda, Standard Chartered has remained open for business, driving financial inclusion and growth in Uganda and beyond by leading in the digitisation and innovation space.

The article from Monitor discusses the clarification by Standard Chartered Bank regarding rumors of its exit from the Ugandan market. The bank has explicitly stated that it is not leaving Uganda but is instead focusing on enhancing its service offerings and digital capabilities to better serve its customers. The bank aims to invest in technology to improve customer experience, streamline operations, and ensure that it remains competitive in the market. This move is part of a broader strategy to adapt to changing market dynamics and customer needs, rather than an indication of withdrawal from the region. The article emphasizes the bank's commitment to Uganda, dispelling any misinformation about its supposed exit.

Read the Full Daily Monitor Article at:
[ https://www.monitor.co.ug/uganda/oped/commentary/standard-chartered-bank-is-not-exiting-the-ugandan-market-4847858 ]
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