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TOP BANKS in Uganda

Citibank Uganda CEO Sarah Arapta has led the bank since January 2016. As she approaches a decade at the helm, Arapta faces the challenge of reversing Citi’s declining deposits and loan book while sustaining profitability in an increasingly competitive market.

Citi Bank Uganda: Profitable but Shrinking – Can Sarah Arapta Reverse the Slide as Her 10-Year Milestone Approaches?

Citibank Uganda closed the 2024 financial year with a net profit after tax of UGX 71.9 billion, up from UGX 68.3 billion in 2023. This performance secured the bank’s position as the
May 26, 2025
A visual round-up of all 23 commercial banks that defined Uganda’s banking story in 2024—a year marked by record UGX 1.63 trillion profits, UGX 4.08 trillion asset growth, big-bank dominance, mid-tier breakthroughs, and sector-wide profitability, save for one new entrant.

Uganda’s Banks in 2024: Profits Surge, Giants Hold Ground, and Mid-Tier Challengers Rise

Uganda’s banking industry closed 2024 on a notably stronger footing, driven by robust asset expansion, a resurgence in profitability, and intensified market competition. For the first time in over a decade, all
May 5, 2025
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Fabian Kasi, Managing Director of Centenary Bank, led the bank to a record UGX 342.3 billion net profit in 2024, while deepening its commitment to financial inclusion, digital innovation, and sustainable banking under the Bank’s new 5-year strategic plan.

Uganda’s Centenary Bank Delivers Strong 2024; Net Profit Reaches a Record UGX342.3 billion

Centenary Bank Uganda capped off 2024 with another year of impressive financial and operational growth, reinforcing its position as a market leader in financial inclusion and sustainable banking. The Bank delivered solid
April 28, 2025
Interim Managing Director David Wandera (left) and Executive Director & CFO Michael Segwaya (right) during the presentation of Absa Bank Uganda’s 2024 financial results at the Kampala Sheraton Hotel. The two executives unveiled a strong 22% profit growth to UGX 178 billion and reaffirmed the bank’s commitment to sustainable value creation, sector-focused lending, and inclusive economic growth across Uganda.

Absa Bank Uganda Reports UGX178bn in Net Profit, Backed by Strong Double-Digit Growth Across Key Fundamentals

Absa Bank Uganda has announced robust financial performance for the year ended December 31, 2024, registering a 22% increase in net profit to UGX 178 billion, up from UGX 145.76 billion in
April 17, 2025
Charles Mudiwa, Chief Executive Officer of dfcu Bank, pictured during the 2024 Performance Stakeholder Breakfast, where he delivered a bold message of transformation and resurgence. Under his leadership, the bank has staged a remarkable recovery—more than doubling profits—and now sets its sights on becoming one of Uganda’s top five most profitable banks by 2026. “We’re out of the woods,” Mudiwa declared. “The strategy is clear, the team is ready, and the future is ours to build.”

Fired-Up! Charles Mudiwa’s 2024 Big dfcu Bank Turnaround 

When dfcu Bank in January 2017, acquired Crane Bank, then one of the five largest Banks in Uganda, for UGX200 billion, it had been hoped that dfcu’s market share fortunes would greatly
April 3, 2025
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Absa Bank, Stanbic Bank, Citi, Ecobank, UBA Bank, dfcu Bank, Standard Chartered and Airtel Money (Airtel fintech sister company) are Airtel Uganda's key financiers.

BIG SIZE: Who are the big banks financing Airtel Uganda? 

It was the famous personal finance guru, Robert Kiyosaki, of the “Rich Dad Poor Dad,” book fame, that coined the “Other People’s Money (OPM)” mantra, advancing that, to turbocharge growth, one need
March 16, 2024
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