Citibank Uganda closed the 2024 financial year with a net profit after tax of UGX 71.9 billion, up from UGX 68.3 billion in 2023. This performance secured the bank’s position as the 6th most profitable bank in Uganda, underscoring Citi’s ability to consistently deliver bottom-line growth despite an increasingly competitive and evolving market. However, beneath this surface of profitability lies a story of gradual decline in core banking operations—a story that has unfolded over the past two years and could define the future of Citi Uganda as its CEO, Sarah Arapta, approaches a decade at the helm in January 2026….
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda has for years stood tall as the country’s largest and most profitable commercial bank. From balance sheet dominance to steady profit leadership, the bank has long held the crown in Uganda’s financial industry. Yet, beneath the surface of consistent profits lies a shifting competitive landscape. The once clear lead is steadily narrowing, and a new question arises: Can Stanbic maintain its dominance in the face of sharper, faster rivals? And more critically, can its new CEO, Mumba Kalifungwa, reignite the growth momentum that once made Stanbic not just a giant, but a trailblazer? More Than a Decade…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
