Stanbic Bank Uganda has today, unveiled ‘a financial relief package’ in a campaign dubbed “Wumula ka Stress— (relieve your stress)” whose benefits include, up to a 75-days’ grace period before the start of an 84-month repayment period for customers who take new personal loans or top-ups, between January and April 2023. Stanbic is Uganda’s largest bank and Uganda’s largest lender. Unveiling the campaign today, at the bank’s head office, Emma Mugisha, the bank’s Executive Director and Head of Business Banking, said the 90-day campaign is designed for parents, schools, and suppliers, ahead of the start of the 2023 academic year….
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Mathias Katamba, the outgoing Managing Director and Chief Executive Officer of Uganda’s dfcu Bank, has spoken to CEO East Africa Magazine, confirming he is exiting the bank, which he has headed since December 2018. In an exclusive interview with this reporter, Katamba, a banker with over 23 years of experience, said he was quitting for what he called “personal reasons” and that his departure had been “mutually agreed with the board”. “It is true that I will be leaving dfcu bank at the end of January, after what has been four interesting years,” he told CEO East Africa Magazine, adding:…
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It is now one year since the I&M Bank brand was ushered into the Ugandan Market. What has been the journey like so far? The last year has been about consolidation and positioning ourselves as “I&M Bank Uganda” in the market. Orient Bank was a solid brand in this market, having been here for 28 years and with loyal customers- so we couldn’t just rush the transition. It had to be deliberate so that no one is left behind. I am glad that has gone very well. The second thing, after the name change, was the integration of our…
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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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Centenary Bank, Uganda’s second-largest bank, by deposits, lending, assets and profitability, has been named Uganda’s Best Retail Bank 2022 in the just-announced Global Banking and Finance Awards. Ran by the UK-based Global Banking & Finance Review, one of the leading banking and finance industry online and print magazines, the Global Banking and Finance Awards recognise and celebrate financial institutions that are innovatively embracing the changes in the financial world to fuel their own and their customers’ growth. The bank was recognised for its innovative leadership and use of technology to enhance especially financial inclusion. The Bank, which is the…
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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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Fabian Kasi is the Managing Director of Centenary Bank, Uganda’s second-largest bank by assets, deposits, lending and profitability. He has been at the helm of the bank since 2010, leading it through its rosiest growth years. In this interview with CEO East Africa Magazine’s Muhereza Kyamutetera, he explains the bank’s winning formula and future growth plans. First of all, take us through the state of Centenary Bank, what are the key facts and figures that define the bank? Our Profit after tax increased from UGX161.2 billion in 2020 to UGX211.5 billion in 2021 registering an increase of 31.2%. This performance…
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For starters, how do you describe yourself? I have so many ways that I could describe myself. Last year I attended an executive coaching course and the question that I was asked was who am I? It took me to a new depth because the normal way of me telling everyone who I am is, ‘I am the CEO of Standard Chartered Bank, and that is the normal face I wear but having taken time to understand myself, I would say I am a very privileged human being who has had a diverse and dynamic life. Ethnically you know I…
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On Monday, April 25th, 2022, Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc, published its financials for 2021. Well, the publishing of financial performance is a regulatory requirement for all supervised financial institutions- and it must happen before the end of April, of every year, so towards the end of the month, there is often a rush to beat the deadline, so it is sometimes easy to miss some incredible stories. One such beautiful story is the story of Equity Bank Uganda. The bank reported that in 2021, customer deposits- perhaps the most important indicator of bank performance,…
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