On a bright October week that also marked four decades of Ecobank’s presence in Africa, Ecobank Uganda chose to celebrate not with ceremony for its own sake, but with an investment in children often left at the margins of education systems. At the heart of the bank’s 13th Ecobank Day activities was a simple proposition: that inclusive, quality learning isn’t a charitable add-on, it is a development necessity, and technology can help make it real. A CSR tradition that has grown into a movement Since launching Ecobank Day in 2013, the Ecobank Group has turned a single day of corporate…
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Ecobank Uganda has appointed Emmanuel Kiberu as its new Chief Financial Officer (CFO), marking a significant addition to the bank’s executive leadership team. A qualified Chartered Accountant with over a…
In a landmark financial transaction that underscores the growing role of syndicated financing in Africa, Ecobank, the Development Bank of Southern Africa (DBSA), and FirstRand Bank Limited, acting through its…
“The future of insurance is not about policies and premiums. It is about experiences,” Grace Muliisa, Managing Director of Ecobank Uganda, told leading insurance industry players gathered at the 47th…
Ecobank Uganda has released its 2024 results, showing a remarkable increase in lending, a cleaner loan book, leading to increased revenues and profits — consolidating a turnaround that began under…
Ecobank Uganda this week launched Premier Banking, by Ecobank, its elite offering, “tailored to meet the sophisticated needs of its most esteemed clientele”. The service, according to a statement by the bank, is “designed for individuals who demand more from their banking experience—those who value exclusive benefits, personalised attention, and unparalleled convenience”. “With Premier Banking by Ecobank, you are assured of superior service, specifically tailored with you in mind, with a proposition carefully curated to support you along your financial journey and suit your lifestyle,” the bank says in the statement. Left-Right: Diana Ory Head of Cards at the Ecobank…
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Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group⏤a major Pan-African bank with banking operations in 33 countries across the continent. The Group also has a licensed operation in Paris and representative offices in Addis Ababa, Beijing, Dubai, Johannesburg and London. According to a public notice by ETI, signed by Madibinet Cisse, the Group General Counsel and Company Secretary, the meeting will be held at Ecobank Pan African Centre’s Conference Centre, on 2365 Boulevard du Mono, starting at 10.30 am GMT. Following the AGM, there will also be an Extraordinary General Meeting whose main agenda is fundraising. The…
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Ecobank Uganda has today announced that it has partnered with financial technology firm, MTN Mobile Money Uganda Limited (MTN MoMo) to enable mobile money traders, merchants, and consumers to access electronic cash commonly known as float at any of Ecobank’s branches and Digital solutions (Omni Lite and Omni Plus) countrywide. “We are delighted to partner with the largest and most subscribed financial technology company in Uganda, to ease access to mobile money float in our effort to enable our business and individual customers to #GoForMore. This partnership is in line with Ecobank’s strategic pillar of partnership to scale. At Ecobank,…
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Ecobank Uganda registered a strong performance turnaround during the year ending 2022, with audited Profit before Tax (PBT) increasing by 157% to UGX 4.5 billion in 2022, while Profit After Tax (PAT) increased by 104% to UGX 401million in 2022 from a loss of UGX11.0 billion in 2021. Despite a challenging operating environment marred with high inflation, weakening African currencies, and slower economic growth, the bank’s total revenues increased by 8% to UGX 57.7 billion. Our investments in technology, digital capabilities and improved risk management models, drove cost efficiency, value for money and reduced our cost-to-serve, resulting in a 13%…
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Ecobank Uganda, the Ugandan unit of the Ecobank Group has today published its 2022 results, reporting a marked double-digit turnaround on nearly all its key fundamentals. The bank also reported a return to profitability. In results released today, the bank reported that deposits grew 17% from UGX377.3 billion to UGX443.9 billion, a growth of UGX66.6 billion. This allowed the bank to grow its lending⏤ by 74.8% from UGX83.4 billion last year, to UGX145.8 billion. Growth in lending and interest income led total income to grow by 8.3% from UGX53.3 billion to UGX57.7 billion. Rising income, coupled with a reduction in…
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