Absa Bank Uganda has made changes to its senior leadership by announcing new appointments of the Business Banking Director and the Marketing and Customer Experience Director. Albert Byaruhanga has been…
Irene Mutyaba Kabiri is the new Corporate Banking Director at Absa Bank Uganda. A seasoned banker with over 16 years’ experience in the banking industry, she was previously the Head…
The Hamis Kiggundu vs. Diamond Trust Bank (DTB) case took almost everyone by surprise. Everybody who knows the maverick businessman, the proprietor of Ham Enterprises and Kiggs International, knows that…
The Bank of Uganda in collaboration with the Ministry of Finance, Planning and Economic Development, has this afternoon announced that it has undertaken reforms to the Government securities market as…
Absa Group Limited, parent company of Uganda’s third largest bank by assets (UGX3.4 trillion as at end of 2019), Absa Bank on Tuesday announced the appointment of Nadine Byarugaba as…
Eighteen (18) profit-making commercial banks in Uganda, made a UGX906 billion (USD238.5 million) in profits in 2019. This was a 14% increase from UGX794.7 billion in 2018 profits. This was…
Absa Bank Uganda has donated four (4) mobile isolation units valued at UGX 100 million to the Ministry of Health to aid in the emergency response to the COVID-19 pandemic….
22% surge in customer deposits propels growth in customer lending and investments; creating a UGX3.4 trillion asset base, allowing Absa to overtake Standard Chartered Bank and dfcu Bank to become Uganda’s third largest commercial bank, after Stanbic and Centenary Bank.
Kampala, Uganda, April 13, 2020: As Uganda and the rest of the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Bank Uganda is rolling…
The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets,…
