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TodayMonday, May 04, 2026

Uganda banking sector 2024 Performance

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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Grace Muliisa, Managing Director of Ecobank Uganda, has led the bank to a record UGX 10.8 billion net profit in 2024 — its highest in over a decade — marking a full turnaround from losses posted just three years earlier.

Grace Muliisa Leads Ecobank Uganda’s Turnaround as 2024 Profits Hit UGX10.8 Billion

Ecobank Uganda has released its 2024 results, showing a remarkable increase in lending, a cleaner loan book, leading to increased revenues and profits — consolidating a turnaround that began under Managing Director
May 2, 2025
Ms. Annet Nakawunde Mulindwa, Managing Director of Finance Trust Bank, has steered the Bank to record-breaking growth in 2024, championing financial inclusion, women's empowerment, and sustainable banking in Uganda’s dynamic financial sector.

Finance Trust Bank Posts 178% Profit Surge in 2024, Hits UGX 10.3 Billion

Finance Trust Bank posted a record 178% profit growth in 2024, driven by strategic partnerships, a customer-focused business model, and major investments in women’s empowerment. The Bank now eyes an even stronger
April 28, 2025
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
Fatima Ali, Acting Managing Director, Guaranty Trust Bank Uganda. She is steering the bank through a challenging transition period following its downgrade to a Tier II Credit Institution, amid declining deposits, reduced lending, and efforts to restore profitability.

Guaranty Trust Bank Sees Key Declines And First Loss In 5 Years In Its First Year As Tier II Institution

Guaranty Trust Bank (Uganda) Limited has reported its first loss in over five years, highlighting the difficult transition it is facing after downgrading to a Tier II Credit Institution in 2024. The
April 27, 2025
Owen Amanya, Chief Executive Officer of Opportunity Bank Uganda, steered the institution to a 28% profit growth in 2024, demonstrating resilience and strategic focus even after transitioning to a Tier II Credit Institution.

Uganda’s Opportunity Bank Remains Resilient and Profitable Even After Downgrading to Tier II Credit Institution

Despite transitioning from a Tier I Commercial Bank to a Tier II Credit Institution in 2024, Opportunity Bank Uganda Limited has proven resilient, maintaining profitability, growing its loan book, and deepening its
April 27, 2025
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