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For starters, from where you sit, give us an overview of 2022 and the first half of 2023. To contextualise our conversation, we need to talk about the global developments including the pandemic and other issues that affected us, as a country, as an economy, and as a region, and their impact on the people, the enterprise, the government, and how ultimately we see the recovery initiatives to rebuild from the effects of such disruptions. To single out, the pandemic didn’t spare any of us, not the institutions, not the individuals, and not the economy. The period 2022 to 2023…
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“An experienced seasoned banker”; “even-tempered gentleman”; “skilled, trusted and with strong integrity”; “humble giant with enormous grit” and the “right man for the job” are some of the words that various leaders, that CEO East Africa Magazine used to describe Anthony. The glowing tribute complements, that of Mark Ocitti, the bank’s chairman, who also expressed confidence in Anthony’s institutional knowledge and experience. “We are confident that Anthony will build on his institutional knowledge and work together with his immediate predecessor and Equity Uganda staff to push Equity Uganda to the next level of growth,” Mr Ocitti said, in the statement…
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Anthony Kituuka, 47, has been appointed the Managing Director, of Equity Bank Uganda, pending approval by the Bank of Uganda, the financial services regulator. An aggressively passionate and hands-on banker, Kituuka has been the Executive Director, at the bank since April 2016. In that role, he has effectively been the bank’s No.2 and a core part of the bank’s leadership team. He has also been sitting on the bank’s board. CEO East Africa Magazine, understand Samuel Kirubi, the outgoing Managing Director has been recalled to Group, to take up a Group Chief Operating Officer role at Equity Group Holdings Limited….
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In its typical, do-more-but-shout-less approach, under Fabian Kasi’s leadership, by 2014, Centenary Bank had overtaken Barclays and Crane Bank to become the third-largest bank in the country, behind Standard Chartered Bank and Stanbic. In 2017 upon acquiring Crane Bank, dfcu Bank briefly became the 2nd biggest, displacing Standard Chartered Bank into the third position, but by 2018 Centenary Bank had overtaken both dfcu and Standard Chartered to settle in the second position with UGX2.282 trillion in deposits, UGX1.529 trillion in lending and UGX3.170 trillion in assets. Net profit- reached UGX107.6 billion, having crossed the UGX100 million mark for the first…
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Years Active: November 2018 – to date Key Achievements: In the three years of Mugabi’s leadership, Housing Finance Bank has experienced double-digit and often above-industry growth rates cementing its place among Uganda’s 10 largest banks- by customer deposits, lending, total income, profitability, and balance sheet size. Some of the notable milestones, include, leading the bank from the 13th position to the 10th largest by deposits, an important facet on which all his other milestones sit. In 2020, he also led the bank to cross over into the Trillionaire’s Club, CEO East Africa Magazine’s unofficial official club of banks with over…
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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 by 22.5% which in turn drove a record performance. According to the just-released 2021 financial results, the bank reported it extended UGX 674.3 billion in loans to especially key sectors that among others, include the real estate value chain, trade, agriculture, household and manufacturing. This is UGX123.7 billion more than the UGX 550.6 billion it lent out in 2020- an increase of 22.5% nearly 4 times the…
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#1. Anne Juuko Chief Executive, Stanbic Bank Period in Charge: 4 months 2019 Asset Value: UGX6.6 trillion Market Share: 20.2 per cent Industry Rank: 1 Stanbic Bank Chief Executive, Anne Juuko Stanbic Bank has maintained the top spot in the banking sector ever since the acquisition of a majority stake (80per cent) in Uganda Commercial Bank (UCB) back in 2001. Getting to the top spot was the easy bit – despite the politics around the acquisition. Remaining at the top, ahead of the chasing pack is where all credit is due to the bank shareholders and management that have given…
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Housing Finance Bank, one of Uganda’s top ten lenders and the biggest mortgage lender with over 50% market share, has started rolling out a credit restructuring exercise to its customers, on a case by case basis. The bank has asked customers who anticipate some challenges in servicing their credit obligations with the bank to reach out to the bank. In a public customer notice, Mr. Michael Mugabi, the bank’s Managing Director, said that, in the wake of the COVID-19 pandemic, Housing Finance Bank will stand with its customers by extending “our resources towards finding mutual solutions that will minimize the…
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