Ssenyange Peter Archives – CEO East Africa

Driving Growth, Managing Risk and The Evolving CFO: Insights from PostBank Uganda’s Peter Ssenyange

Muhereza KyamuteteraC-Suite Leadership The Big StoryJanuary 17, 2025January 17, 2025

In the dynamic world of corporate finance, the Chief Finance Officer (CFO) role undergoes a significant transformation. No longer confined to back-office number crunching, today’s CFOs act as strategic partners, innovation drivers, and key contributors to organisational success. Few embody this shift better than Peter Ssenyange, the Chief Finance Officer of PostBank Uganda. In an exclusive interview with CEO East Africa Magazine’s Muhereza Kyamutetera, Ssenyange shares his journey, challenges, and vision for the future of the finance profession.“The baseline role of the CFO does not change,” Ssenyange begins. “We still say no to many things to ensure the organisation’s survival,…

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Increased lending to SMEs and agriculture, leads PostBank assets to surpass UGX1 trillion

Muhereza KyamuteteraThe Big StoryApril 11, 2024April 11, 2024

Two years, after being granted a tier one commercial banking license in December 2021, assets of the government-owned PostBank Uganda (PBU) in 2023 crossed the UGX1 trillion mark, reaching a record UGX1.071 trillion. Results released this week, show that total assets grew by 14% from UGX943 billion to reach UGX1.071 trillion, a growth of UGX128 billion. This, according to Julius Kakeeto, the bank’s Managing Director / CEO, was on the back of double-digit growth and “above-industry-average growth rates” in deposits, lending and subsequently income and net profits. Lending grew by 26% from UGX480 billion in 2022 to UGX603 billion, a…

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