Financing The Real Economy: Who Are Uganda’s 10 Most ‘Hardworking’ Banks? This ranking isn’t about the biggest banks—it’s about the boldest. Uganda’s 10 most hardworking banks, led by Finance Trust Bank, Centenary Bank, KCB Bank, PostBank Uganda, and Cairo International Bank, prove that impact is not a matter of scale but of resolve—putting deposits to work for the real economy, funding businesses, and fueling growth where it matters most.

Against a backdrop of slowing credit appetite and shifting investment strategies, Uganda’s commercial banking sector recorded UGX 35.24 trillion in customer deposits in 2024, up from UGX 33.60 trillion in 2023—a growth of UGX 1.65 trillion or 4.9%. In comparison, loans and advances rose from UGX 20.30 trillion to UGX 21.51 trillion, reflecting a UGX 1.21 trillion or 5.9% increase. The growing gap between deposits mobilised and credit extended underscores a recurring dynamic: while banks continue to attract liquidity, many are opting for a more conservative lending posture, often channelling excess funds into government securities instead of private-sector credit. Amid…