List: the largest banks in Uganda by assets in 2020

In 2020, Uganda’s 23 commercial banks added Shs5.2 trillion ($1.4bn) in assets, with a balance sheet total of Shs37.9tn. This translated to growth of 16 per cent from the previous year, an impressive figure in any economic climate. But 2020 was a year unlike any other. The coronavirus slowed economic activity to a crawl, leading to Uganda’s first GDP contraction since 1985. And since banks