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    TOP BANKS in Uganda

    Uganda’s undercapitalised banks in a last-minute scramble to beat June 30th 2023 deadline

    Muhereza KyamuteteraIndustry & AnalysisThe Big StoryJune 20, 2023June 20, 2023

    With only a few days left to the June 30th 2023 compliance deadline for banks that failed to raise UGX120 billion in both share capital and core capital by December…

    Q&A: Equity Bank’s Anthony Kituuka, talks about doing well while doing good and a digitally-led inclusive ambition to 5 million customers by end of 2025

    Muhereza KyamuteteraCEOsQ + AsThe Big StoryJune 16, 2023June 16, 2023

    The interview takes place against a backdrop of significant positive performance, as reported in the 2022 published financials. Equity Bank Uganda, registered significant growth, reporting a 32% growth in customer…

    UGX32.9 bn profit and UGX1.1 trillion in assets; KCB Bank caps off Ugandan 15th anniversary stronger

    Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMay 11, 2023May 11, 2023

    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…

    Equity Bank breaks into Uganda’s top 5 banks; designated Domestic Systemically Important Bank by Central Bank

    Muhereza KyamuteteraIndustry & AnalysisThe Big StoryMay 9, 2023May 9, 2023

    Despite taking a 46.7% drop in 2022 net profit, Equity Bank Uganda still managed to make significant growth and key market share gains in customer deposits, lending, income and assets…

    Housing Finance Bank opens its 18th branch in Hoima City 

    Muhereza KyamuteteraCompany NewsNews & AnalysisMay 8, 2023May 8, 2023

    Housing Finance Bank (HFB) on Wednesday 3rd May 2023, opened the opening of its 8th branch in Hoima City, with a promise to “provide the people of Hoima City and…

    2022 net profits at Diamond Trust Bank’s Ugandan unit grow 16.2% to UGX35.8 bn

    CEO ReporterCompany NewsNews & AnalysisThe Big StoryMay 2, 2023May 2, 2023

    Diamond Trust Bank Uganda, the Ugandan subsidiary of the Kenya-headquartered Diamond Trust Bank Group has released its 2022 financials reporting double-digit growth in deposits, lending, income, profits and assets. According…

    Housing Finance Bank profits reach a record UGX58.5 bn; becomes Uganda’s 5th most profitable bank

    The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryMay 2, 2023May 2, 2023

    Housing Finance Bank, the government of Uganda and NSSF-owned lender is now Uganda’s 5th most profitable bank, jumping three positions from the 8th in 2021.  In 2022 results released last…

    Mumba Kalifungwa, Absa Bank Uganda’s Managing Director, since April 2020. Over and above steering the bank through the pandemic, he has been able to, through these three years, grow the bank’s deposits base, by a CAGR of 4%, lending by a CAGR of 5.5% and total assets by a CAGR of 7.3%.

    MUMBA KALIFUNGWA: Absa Bank Uganda’s 2022 performance manifests our obsession with our customers’ and stakeholders’ growth

    Mumba KalifungwaIndustry & AnalysisThe Big StoryThought LeadershipApril 19, 2023April 19, 2023

    For many of us, 2022 seemed like the year we had been hoping for. We were going to put the pandemic behind us and find some sort of return to…

    Under Nadine Byarugaba (left), who became board Chairperson in January 2016 and Mumba Kalifungwa (right) who became Managing Director in April 2020, Absa Bank Uganda has solidfied its growth, into Uganda's 3rd largest bank.

    Absa Bank Uganda’s 2022 net profit grows 28.9% to UGX141 billion 

    Muhereza KyamuteteraCompany NewsIndustry & AnalysisNews & AnalysisThe Big StoryApril 18, 2023April 18, 2023

    Absa Bank Uganda has this morning released its 2022 financial results, reporting growth in deposits, lending, revenues as well as net profit and assets. The bank, a subsidiary of Absa…

    A solid performer who doubled Stanbic Kenya’s profits in 5 years⏤ here is more of what we know about Charles Mudiwa, the new dfcu Bank CEO 

    Muhereza KyamuteteraIndustry & AnalysisThe Big StoryApril 7, 2023April 11, 2023

    CEO East Africa Magazine, on January 18th 2023 broke the story that Charles Mwanyara Mudiwa, the former Chief Executive Officer of Stanbic Bank Kenya had been appointed as the next…

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