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March 12, 2026
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    Absa Bank Uganda 2022 Results

    Nadine Byarugaba is Absa Bank Uganda’s Board Chairperson

    Absa Bank Uganda⏤Empowering Uganda’s tomorrow, together…one story at a time  

    theceomaC-Suite LeadershipThought LeadershipApril 19, 2023April 19, 2023

    In 2021, we looked forward to and planned for 2022 with a high degree of optimism as the COVID-19-induced lockdown approached its end. The reopening of the economy in January…

    Mumba Kalifungwa, Absa Bank Uganda’s Managing Director, since April 2020. Over and above steering the bank through the pandemic, he has been able to, through these three years, grow the bank’s deposits base, by a CAGR of 4%, lending by a CAGR of 5.5% and total assets by a CAGR of 7.3%.

    MUMBA KALIFUNGWA: Absa Bank Uganda’s 2022 performance manifests our obsession with our customers’ and stakeholders’ growth

    Mumba KalifungwaBusiness & MarketsThe Big StoryThought LeadershipApril 19, 2023April 19, 2023

    For many of us, 2022 seemed like the year we had been hoping for. We were going to put the pandemic behind us and find some sort of return to…

    Under Nadine Byarugaba (left), who became board Chairperson in January 2016 and Mumba Kalifungwa (right) who became Managing Director in April 2020, Absa Bank Uganda has solidfied its growth, into Uganda's 3rd largest bank.

    Absa Bank Uganda’s 2022 net profit grows 28.9% to UGX141 billion 

    Muhereza KyamuteteraBusiness & MarketsCompany NewsNews & AnalysisThe Big StoryApril 18, 2023April 18, 2023

    Absa Bank Uganda has this morning released its 2022 financial results, reporting growth in deposits, lending, revenues as well as net profit and assets. The bank, a subsidiary of Absa…

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    Thought Leadership
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