CREATING A SUSTAINABLE IMPACT: UDB extended UGX610 billion in new loans in 2023

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Uganda's Finance Minister, Hon. Matia Kasaija (5th left) and the Minister of State Planning, Hon. Amos Lugoloobi (5th right) together with Felix Okoboi (4th right) the bank's Chairman and Patricia Ojangole (2nd right), the bank's Managing Director, join the bank's board to present the 2023 performance report during the 23rd July 2024 AGM. Uganda's Finance Minister, Hon. Matia Kasaija (5th left) and the Minister of State Planning, Hon. Amos Lugoloobi (5th right) together with Felix Okoboi (4th right) the bank's Chairman and Patricia Ojangole (2nd right), the bank's Managing Director, join the bank's board to present the 2023 performance report during the 23rd July 2024 AGM. Uganda's Finance Minister, Hon. Matia Kasaija (5th left) and the Minister of State Planning, Hon. Amos Lugoloobi (5th right) together with Felix Okoboi (4th right) the bank's Chairman and Patricia Ojangole (2nd right), the bank's Managing Director, join the bank's board to present the 2023 performance report during the 23rd July 2024 AGM.

Muhereza KyamuteteraJuly 24, 2024July 24, 2024

Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution has released its 2023 results, reporting what the bank says is a “continued pivotal role in fostering economic resilience and sustainable growth across key sectors of the economy”. According to the results, released during the Annual General Meeting held at the Ministry of Finance, Planning, and Economic Development, the Bank continued to grow, with total assets closing at UGX1.67 trillion in 2023, a 10% uplift from UGX1.52 trillion the previous year. This was largely boosted by growth in new loans⏤ new loans disbursed in 2023 amounted to UGX610 billion,…

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