bank results 2019 Archives – CEO East Africa

UGX 906 bn in profits; 2019 was a good year for Ugandan banks

Muhereza KyamuteteraThe Big StoryMay 11, 2020May 12, 2020

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’s assets reach UGX3.4 trillion; moves from fifth to third-largest bank

Muhereza KyamuteteraBanking & Financial Services The Big StoryMay 4, 2020May 4, 2020

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.

Ecobank Uganda’s assets hit a record UGX671.1 billion; ready to mingle with the big banks

theceomaBanking & Financial Services The Big StoryApril 30, 2020July 31, 2020

Ecobank Uganda, this week released their 2019 results, reporting a 60 per cent increment in the bank’s assets from UGX420 billion in 2018 to UGX671.3 billion at the end of…

Bank of Africa’s profits grow 33% to UGX20 bn, backed by education, construction & trade lending

CEO ReporterBanking & Financial Services Company News The Big StoryApril 30, 2020May 1, 2020

Bank of Africa Uganda has released their 2019 results, reporting a 33per cent increment in net profit on the bank of double-digit growth in lending. “Client lending activity remained strong…

2019 RESULTS: From UGX61bn to UGX73.4bn in profits, Mathias Katamba puts dfcu bank on growth path

Muhereza KyamuteteraBanking & Financial Services Company News The Big StoryMarch 31, 2020March 31, 2020

Dfcu Bank today announced their 2019 results, posting a 21% growth in profitability from UGX60.9 billion to UGX73.4 billion. The results, Matthias Katamba’s first full year results since he joined…