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TodaySaturday, April 25, 2026

Uganda banking sector- Page 4

Some of Uganda's top performing bankers. Top row: Absa Bank MD, David Wandera, Centenary Bank MD, Fabian Kasi, Stanbic Bank CEO. Bottom row: dfcu Bank MD, Mumba Kalifungwa, Equity Bank Uganda CEO, Gift Shoko and PostBank MD, Julius Kakeeto,

Ugandan Banks Post Record UGX 1.9 Trillion Profit as Customer Deposits Surge to UGX 41.6 Trillion-BoU Report

Uganda’s banking sector has cemented its recovery and resilience, posting a record UGX 1.9 trillion net profit for the year ended June 2025. This was a nearly an increase of UGX400 billion
October 13, 2025
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Absa Bank Uganda Managing Director, David Wandera, speaking at the launch of the bank’s reintroduced Custody Services, a milestone move to strengthen Uganda’s capital markets and empower institutional investors.

Absa Bank Uganda Reintroduces Custody Services to Boost Capital Markets

Absa Bank Uganda has reintroduced its custody services in a move that underscores the bank’s commitment to deepening Uganda’s capital markets. The development provides institutional investors with secure, efficient, and compliant solutions
October 7, 2025
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Retired Justice Dr. Henry Peter Adonyo (left), now mediator in the high-stakes Dei vs Equity Bank dispute and Dr. Mathias Magoola (right), the Dei BioPharma founder at the centre of the case.

Justice Adonyo, Judge Behind Controversial Ham vs. DTB Syndicated Loans Ruling, Now Mediator in Similar Dei vs Equity Bank Row

Retired Justice Dr. Henry Peter Adonyo has been appointed mediator in High Court matter HCT-00-CC-ME-0348-2025, pitting Dei Industries International Ltd against Equity Bank Uganda Ltd. The case, filed in 2024, had been
September 16, 2025
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Edgar Byamah, Managing Director of KCB Bank Uganda, is at the center of managing the fallout from a major agent banking system glitch feared to have cost the bank billions.

KCB Bank’s Agent Banking System Hit By A Glitch; Billions Feared Lost

KCB Bank Uganda is grappling with the aftermath of a major glitch in its agent banking system that, according to credible reports, resulted in agents across the country receiving more cash than
September 14, 2025
State minister for ICT Godfrey Kabbyanga (L) handing over the award to Centenary Bank's Manager of Sustainability Emmanuel Otuko at the Brand Africa Awards 2025.

Centenary Bank Crowned Most Admired Ugandan Bank and Ugandan Bank Doing Good in the Community at the Brand Africa Awards 2025

Centenary Bank has been recognized with two prestigious accolades at this year’s Brand Africa Awards: Most Admired Ugandan Bank and Ugandan Bank Doing Good in the Community. These awards reinforce the Bank’s
August 20, 2025
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The Archbishop Church of Uganda, The Most Rev. Stephen Kaziimba Mugalu (3rd L front row), Martin Mugisha, (3rd R front row) Executive Director, Operations at PostBank Uganda, together with officials from PostBank and Church of Uganda, during a courtesy visit at the Provincial Office in Namirembe today. Archbishop commended PostBank which has embarked on a rebrand journey to Pearl Bank for driving financial inclusion across the Country.

Archbishop Stephen Kaziimba Commends PostBank for Driving Financial Inclusion across the Country 

The Archbishop of Church of Uganda, The Most Rev. Dr. Stephen Kaziimba Mugalu has commended PostBank Uganda for driving financial inclusion across the country. He applauded the team during a courtesy visit
August 6, 2025
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Interswitch Uganda Country General Manager, Moris Seguya (L) and Centenary Bank Managing Director Fabian Kasi (R) while announcing the partnership

Groundbreaking Partnership: Interswitch and Centenary Bank Partner to Expand Banking Services Through the Quickteller Agent Network in Uganda

Interswitch Uganda, a leading financial technology services provider has announced a strategic partnership with Centenary Bank, one of Uganda’s leading financial institutions, to enhance convenience and accessibility for its customers. Through this
July 17, 2025
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Matia Kasaija (2nd R), Minister of Finance, Planning, and Economic Development, Evelyn Anite (2nd L), State Minister of Finance for Investment and Privatization, Andrew Otengo Owiny (R), PostBank Uganda Board Chairman, and Julius Kakeeto (L), PostBank Uganda Managing Director during the bank’s 2024 Annual General Meeting (AGM) today 5th June 2025 at the Ministry of Finance, Planning and Economic Development (MoFPED) offices in Kampala, where its performance was commended by the shareholder, highlighting the bank’s solid performance and being among the most profitable Government entities after posting Ushs. 35.4 billion Profit After Tax (PAT) in 2024 Financials.

From PostBank to Pearl Bank: Uganda’s Boldest Banking Transformation Shines On

Numbers Don’t Lie. In 2024, PostBank Uganda posted a record UGX 35.4 billion in net profit—up 28.7% from UGX 27.5 billion in 2023. Customer deposits surged 25.4% from UGX 789.8 billion to
June 6, 2025
Clockwise from top left: Julius Kakeeto (PostBank Uganda), Grace Muliisa (Ecobank Uganda), Robin Bairstow (I&M Bank Uganda), Mark Muyobo (NCBA Bank Uganda), Charles Mudiwa (dfcu Bank), and Michael Mugabi (Housing Finance Bank)—the six transformative CEOs shaping Uganda’s banking sector through bold leadership, strategic vision, and a relentless focus on customer-centric growth.

6 CEOs Powering Uganda’s Most Remarkable Bank Turnarounds

The banking sector has posted resilient growth over the past five years, despite macroeconomic pressures, digital disruption, and the COVID-19 pandemic as well as regulatory reforms.  From 2019 to 2024, total industry
May 29, 2025
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