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TodayTuesday, April 28, 2026

Michael K. Mugabi

Left to Right - John B. Kaweesi and Doreen Nyiramugisha, Patience Bayenda and Annet Ssebuggwawo

Housing Finance Bank unveils ‘Fuuka Don’ salary loan campaign to support Ugandans’ 2024 goals and aspirations

In a re-affirmation of its commitment to enabling financial independence and sustainable home ownership, Housing Finance Bank has launched the ‘Fuuka Don’ salary loan campaign. The initiative aims to alleviate financial pressures
January 26, 2024
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Mr. Michael K. Mugabi, the Housing Finance Bank Managing Director and Ms. Peace Ayebazibwe, the Executive Director, speaking to the bank’s customers during the forum.

Housing Finance Bank Holds Contractors Forum; Reiterates Support to Businesses

Business enterprises, constituting over 90% of Uganda’s private sector and contributing at least 20% to the GDP while employing millions of Ugandans, are pivotal drivers of the country’s socioeconomic development. Nevertheless, these
September 18, 2023
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In the 4 years that Michael K. Mugabi has been the Managing Director of Housing Finance Bank, net profit has nearly doubled, growing by 96% from UGX20.9 billion to UGX41 billion in 2021- fortifying HFB's position as Uganda's 8th most profitable bank. This has been driven by a 59% growth in total income- from UGX120.6 billion in 2018 to UGX191.5 billion in 2021. During this period, the bank has also witnessed healthy growth in customer deposits- by 81% from UGX451.3 billion in 2018 to UGX818 billion in 2021. The above- combined with a 32% growth in the loan book, from UGX511.6 billion to UGX674.3 billion has seen the bank’s balance sheet grow by 67.9% from UGX776.9 billion to UGX1.304 trillion- a CAGR of 13.8% strengthening the bank as the 10th largest in bank by asset size. PHOTO/Courtesy

Housing Finance Bank’s 2021 profits grow by 98% to reach a record UGX41 billion

As most banks in 2021 significantly slowed down and cut bank extension of the much-needed credit, Housing Finance Bank, stuck to its mandate of enabling homeownership and financial independence, growing its lending
May 3, 2022
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L-R: Peace Kabunga, Executive Director Housing Finance Bank, Japhet Aritho, Group Head of Operations Airtel Money, Dr. Tumubweine Twinemanzi, Executive Director Supervision at Bank of Uganda, Mr. Michael Mugabi, Managing Director at Housing Finance Bank, Eunice Ruguru, Director Africa Business from YABX. This was today at the partnership between Airtel Mobile Commerce Uganda Limited and Housing Finance bank Uganda plus digital lending platform provider YABX to enable Airtel Money customers to access quick loans when they do not have sufficient funds in their wallet.

Airtel Mobile Commerce Uganda Limited, Housing Finance Bank Uganda partner to launch ‘Quick Loan’

Airtel Mobile Commerce Uganda Limited, the provider of affordable and secure Airtel money platform, has partnered with Housing Finance Bank Uganda and digital lending platform provider YABX to enable Airtel Money customers, to access quick
February 7, 2022
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