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TodayMonday, April 27, 2026

Uganda banking sector- Page 5

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
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
The Rise of the Internal Thief: Insider Fraud is one of the Most Prevalent Financial Crimes in Uganda, and moreover at senior management levels.

THE THIEF WITHIN: Who is Stealing from Ugandan Companies?

Uganda is experiencing an economic crime crisis, with businesses and individuals losing over USD 272 million (UGX 1.02 trillion) in 2024 due to fraud, cybercrime, and financial misconduct. This represents a sharp
February 25, 2025
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Uganda faces a financial crime crisis as cyber fraud, bank scams, and corporate fraud escalate, costing the economy over USD 272 million in 2024 and exposing vulnerabilities in digital security and financial systems.

Ugandans and businesses in 2024 lost USD272 mn in economic crimes; cybercrime, bank, and fraud double

Even though the number of financial and economic crimes rose mildly, by 1.6%, from 12,924 cases in 2023 to 13,132 cases in 2024, the severity and amount of money lost in these
February 25, 2025
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Justice Ssekaana ruled that while banks have a duty to ensure compliance with anti-money laundering regulations, they must do so within the confines of the law and reasonable due diligence. The judgment noted that Equity Bank did not report the transaction to the FIA within the legally mandated 48-hour window but only did so 16 days later, after legal action had commenced.

Ugandan Court Faults Equity Bank for Freezing Client’s UGX85 Million

In a ruling that could redefine customer-bank relationships in Uganda’s financial sector, the High Court of Uganda has found Equity Bank Uganda Limited guilty of unlawfully freezing a customer’s account, a decision
February 14, 2025
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