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Housing Finance Bank (HFB) has received a Certificate of Acceptance to the Sustainability Standards and Certification Initiative (SSCI) during the 10th Global Sustainable Finance Conference recently held in Karlsruhe, Germany. According to HFB, “this recognition underscores HFB’s steadfast dedication to sustainability, responsible business practices and alignment with global Sustainable Development Goals and national development agenda”. The Certificate of Acceptance was received by Board Chairperson David G. Opiokello on behalf of the Bank in a delegation he led, which comprised the Managing Director, Micheal Mugabi, and other executive team members. The delegation was joined by esteemed dignitaries, including Uganda’s Ambassador to…
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Housing Finance Bank, the government of Uganda and NSSF-owned lender is now Uganda’s 5th most profitable bank, jumping three positions from the 8th in 2021. In 2022 results released last week, the bank reported that net profit grew by a record 42.7% growth from UGX41 billion to UGX58.5 billion. The bank increased its share of industry profits from 3.2% to 4.5%. In total 23 of 25 banks reported profits in 2022- a combined UGX1.29 trillion, up from 1.08 trillion in 2021. The top 4 profitable banks are Stanbic (UGX366 billion), Centenary Bank 9UGX249.6 billion), Absa Bank Uganda (UGX141.2 billion) and…
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