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TodayThursday, May 07, 2026

Absa Bank Uganda 2022 Results

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 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

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 normalcy. Unfortunately,
April 19, 2023
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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.
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 

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 Group, one
April 18, 2023
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