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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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…
The banking sector has posted resilient growth over the past five years, despite macroeconomic pressures, digital disruption, and the COVID-19 pandemic as well as regulatory reforms. From 2019 to 2024,…
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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The Uganda Bankers’ Association’s Chairperson, Citibank’s Sarah Arapta is female too- the first woman to. Some financial institutions such as Finance Trust Bank- have taken it further by having an all-female Board Chairperson, CEO and Executive Director while others like Stanbic Bank, Uganda’s largest Bank and have both CEO and Executive Director as female. You could argue this is still under-representation, which it actually is, given that there are more females than males in the population, but given where we have come from, this is good progress. Some of the largest banks such as Stanbic where 45% is female and…
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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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Malaria Free Uganda Initiative has boosted the government’s fight against malaria with a donation of UGX160,000,000 to the Ministry of Health. A bulk of these funds were raised during the “Malaria Family Carnival” held in conjunction with the Rotary Club last December. Ecobank matched the kitty with a donation of UGX 80,0000,000 from its Zero Malaria Business Leadership (ZMBLI) matching fund, to make the above UGX160,000,000. Led by Ecobank Group and Speak Up Africa and in collaboration with the RBM Partnership to End Malaria, the “Zero Malaria Businesses Leadership Initiative (ZMBLI) supports the second pillar – private sector engagement –…
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