The spirit of East African cooperation and competitive sportsmanship was on full display as KCB Bank Uganda successfully hosted the prestigious Kenya Day – KCB Golf Tournament at the historic Uganda Golf Club. The event served as a vibrant celebration of the enduring bilateral relationship and shared economic destiny between the Republic of Kenya and the Republic of Uganda. Over 150 top amateur golfers, representing various clubs and corporate bodies, navigated the challenging Kitante course, competing in the popular Stableford format across various handicap categories. The lush fairways and fast greens tested the players’ precision and strategy, culminating in a…
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Uganda’s agent banking industry has entered a new phase with latest data from Bank of Uganda painting a picture of a sector in full bloom. As of June 2025, the…
KCB Bank Uganda, a financial service provider and long-standing partner of Ugandan motorsport, today announced the continuation of its fruitful partnership with the Federation of Motorsport Clubs of Uganda (FMU)…
Following a brazen system breach that manipulated the agency banking platform to leading it to make double transactions to bank agents requesting float, CEO East Africa Magazine understands the system…
KCB Bank Uganda is grappling with the aftermath of a major glitch in its agent banking system that, according to credible reports, resulted in agents across the country receiving more…
Uganda’s bancassurance sector closed the second quarter of 2025 with Stanbic Bank, Centenary Bank, and Absa Bank securing commanding positions at the top of the market in both life and…
Against a backdrop of slowing credit appetite and shifting investment strategies, Uganda’s commercial banking sector recorded UGX 35.24 trillion in customer deposits in 2024, up from UGX 33.60 trillion in 2023—a growth of UGX 1.65 trillion or 4.9%. In comparison, loans and advances rose from UGX 20.30 trillion to UGX 21.51 trillion, reflecting a UGX 1.21 trillion or 5.9% increase. The growing gap between deposits mobilised and credit extended underscores a recurring dynamic: while banks continue to attract liquidity, many are opting for a more conservative lending posture, often channelling excess funds into government securities instead of private-sector credit. Amid…
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KCB Bank Uganda, a subsidiary of KCB Group, one of East Africa’s largest financial groups, reported that its net profit for 2022, grew by an impressive 344.6% from UGX7.4 billion in 2021 to UGX32.9 billion⏤the highest ever in the bank’s 15-year history in Uganda. This was driven by a 30.5% rise in income, from UGX90.9 billion to UGX118.6 billion, largely on account of a 60.7% growth in interest income on loans and advances from UGX44.2 billion to UGX81 billion. Income from lending formed 60% of the bank’s total income in 2022. KCB in 2022 pumped up its credit supply by…
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Uganda Advertising Association’s (UAA) –Young Silverback Competition, the Digital category has received UGX 5 million boost from KCB Bank Uganda for the initial Young Silverback competition. The Young Silverback Competition is an initiative by UAA that aims to create a platform for young creatives to showcase their skills, identify and nurture talent in the advertising industry by bridging the gap between brands and young creatives. Commenting about the Bank’s support, Sylvia Nashuha, Marketing Manager, Corporate & Business at KCB Bank Uganda said, “We are pleased to collaborate with UAA to foster an environment that mentors and encourages the growth of…
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KCB Bank on 14th October, marked its 15th anniversary since it set foot in Uganda in 2007, with a firm promise to close the year with at least a UGX1 trillion balance sheet. Speaking at the anniversary celebrations, held at Kampala Serena Hotel, KCB Bank Uganda Managing Director, Edgar Byamah, revealed the bank was just about UGX38 billion shy of the UGX1 trillion (USD261 million) rubicon. “At present, our bank boasts of an asset base of over UGX961.43 billion and over 40,000 customers, which success is greatly attributed to a committed team that has keenly served the bank over…
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