Centenary Group was awarded as the winner in the Banking Services category of the 2022 Financial Reporting Awards (FIRE). The Group also came third in the Excellence in Integrated Reporting category during the awards ceremony.
The Group was also recognized with an Outstanding Achievement Award in the Corporate Governance Reporting and Sustainability Reporting categories.
The FIRE Awards are an annual ceremony through which excellence in
financial reporting is recognized and rewarded. Organisations in the private, public and non-profit sectors participate by submission of their annual reports for the year under review. The best performers are rewarded based on their level of compliance with International Financial Reporting Standards.
Commenting following the milestone wins, Prof. John Ddumba-Ssentamu Chairman of Centenary Group, said, “these awards are a testament to the rigor, clarity and transparency of reporting that the Group is implementing across all its subsidiaries”.
“I congratulate the staff members across our Centenary family. This is a reminder and a motivation to remain consistent in our pursuit of operational excellence” Prof Ddumba-Ssentamu added.
Pearl Bank Celebrates Customers in Festive Campaign Dubbed Pearl Santa
Centenary Rural Development Group Limited (Centenary Group) was formed in 2019, following the reorganisation of the corporate structure of Centenary Bank, to form a holding structure with various subsidiaries.
Centenary Rural Development Bank, the Group’s flagship subsidiary is Uganda’s largest bank by customer base and the second largest by deposits, lending, income, profitability and assets. The bank has over 2.6 million customers including 12,000 SACCOS and over 46,000 Village Saving & Lending Associations (VSLA) based in rural areas. The bank has an extensive branch network of 80 branches covering all regions of Uganda supported by 189 Automated Teller Machines and over 5,200 bank agents countrywide- the largest agent footprint in the country.
Centenary Technology Services Limited (Cente-Tech), the Group’s technology company, provides technology leadership to the group subsidiaries to enable them to grow and provide meaningful services to the rural poor. Cente-Tech has put together a senior leadership team with a combined professional ICT experience of over 90years.
Centenary Foundation is the not-for-profit arm of the Group and focuses on working towards improving the social welfare of the Group’s various stakeholders, especially the communities it works. It leverages funding from social investors and partners with a common social development purpose. All the corporate social responsibility activities of the Group are carried out under the Foundation, which is also charged with executing the social performance mandate of the Group.
