Ecobank Uganda, the Ugandan unit of the Ecobank Group has today published its 2022 results, reporting a marked double-digit turnaround on nearly all its key fundamentals. The bank also reported a return to profitability. In results released today, the bank reported that deposits grew 17% from UGX377.3 billion to UGX443.9 billion, a growth of UGX66.6 billion. This allowed the bank to grow its lending⏤ by 74.8% from UGX83.4 billion last year, to UGX145.8 billion. Growth in lending and interest income led total income to grow by 8.3% from UGX53.3 billion to UGX57.7 billion. Rising income, coupled with a reduction in…
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