2018: Uganda’s 19 banks rake in UGX790bn profit; 5 banks still loss making

Banks' profit performance in 2018 Nineteen (19) of Uganda's 24 banks in 2018 earned a combined UGX790.3 billion (USD210.3 million) in profit, just about a 1% rise in the UGX786.4 billion made by 18 of the profitable banks in 2017. Five banks in 2018 remained loss making, down from six in 2017. The loss making banks made a combined UGX39.4 billion in losses, nearly 3 times the UGX15.1 billion