5 graphs that visualize how Centenary Bank grew sixfold from a UGX 807.2 bn to a UGX4.8 trillion bank in 12 years! In 2010, when Fabian Kasi took over the leadership of Centenary Bank, it was that quiet bank, that preferred not to say much. It was frequently dwarfed and outshouted by its international competitors, Stanbic, Standard Chartered and Barclays (now Absa Bank). Everyone knew it as that Catholic bank that seemed to have a branch in every town, but not much else was known about it. But just because it didn’t make as much ‘noise’, it didn’t mean it was that small. From its inconspicuous and humble headquarters at Entebbe Road, the bank had by the end of 2010 managed to work its way up to become the 5th largest bank by balance sheet size.

November 13, 2022November 14, 2022

Centenary Group's Headquarters, Mapeera House on Kampala Road.

In its typical, do-more-but-shout-less approach, under Fabian Kasi’s leadership, by 2014, Centenary Bank had overtaken Barclays and Crane Bank to become the third-largest bank in the country, behind Standard Chartered Bank and Stanbic. In 2017 upon acquiring Crane Bank, dfcu Bank briefly became the 2nd biggest, displacing Standard Chartered Bank into the third position, but by 2018 Centenary Bank had overtaken both dfcu and Standard Chartered to settle in the second position with UGX2.282 trillion in deposits, UGX1.529 trillion in lending and UGX3.170 trillion in assets. Net profit- reached UGX107.6 billion, having crossed the UGX100 million mark for the first…

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