Q&A WITH CENTENARY BANK’S FABIAN KASI: We are on course for another good 2023 For more than a decade, Centenary Bank, a majority indigenously owned commercial bank has been the fastest growing bank, moving from the fourth largest bank by assets⏤ UGX807.2 bn and 7.12% market share in 2010 to the second largest bank with UGX3.2 trillion and 11.3% market share at the end of 2018. This growth has persisted, with the banking ending 2022 with an asset base of UGX5.7 trillion, 2.4 million customers, 80 branches and 6496 agents. CEO East Africa’s Muhereza Kyamutetera caught up with the bank’s Managing Director, Fabian Kasi on the bank’s H1 2023 performance and what this means for the rest of the year and beyond.

October 20, 2023October 20, 2023

Fabian Kasi, Managing Director, Centenary Bank since 2010. He has grown the bank's balance sheet 7-fold.

We are now comfortably past H1 2023. Quickly take through an understanding of how the year has been. Have you been able to maintain 2022’s tempo? The year started sluggishly. It wasn’t easy. But by the time we finished the first six months, we were progressing quite well. Looking at the bottomline, we had achieved UGX165 billion, which is about UGX20 billion above budget and we’re hoping that we’ll be able to maintain that momentum. We expect to be, slightly above our budget for the year. By the end of June 2023, we had mobilised UGX4.6 trillion in deposits, again,…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!