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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…
Prudence Byarugaba has been appointed as the Country Chief Risk Officer and Country Head of Operational Risk at Standard Chartered Bank Uganda Limited effective 15th July 2023. According to a statement by the bank, Prudence brings to the position, “a wealth of experience in risk management cultivated and engrained over the 20 years she has been with the Bank”. She until her recent appointment the Country Head of Credit and Senior Credit Manager – Corporate, Commercial & Institutional Banking at the Bank. Prior to that, she served as Senior Credit Manager – Commodity Traders & Agribusiness, Africa; Senior Risk Governance Manager, Europe;…
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The Uganda Bankers’ Association’s Chairperson, Citibank’s Sarah Arapta is female too- the first woman to. Some financial institutions such as Finance Trust Bank- have taken it further by having an all-female Board Chairperson, CEO and Executive Director while others like Stanbic Bank, Uganda’s largest Bank and have both CEO and Executive Director as female. You could argue this is still under-representation, which it actually is, given that there are more females than males in the population, but given where we have come from, this is good progress. Some of the largest banks such as Stanbic where 45% is female and…
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Sarah Arapta is the Chief Executive and Managing Director for Citibank Uganda, Uganda’s 10th largest bank by assets. She has held this role since January 2016. Sarah has had an extensive and illustrious career in Corporate and Investment Banking spanning over 20 years, 12 of which have been spent in Citibank Uganda. Prior to being appointed the Citibank Chief Executive, she was the Director, Corporate and Investment Banking at Barclays Bank Uganda (now Absa Bank Uganda) for nearly two years. Before that, she was the Head of Investment Banking (January 2012 – December 2013) and Head of Corporate Banking (March…
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The interview takes place at her office on the 11th floor of the imposing Crested Towers building where Stanbic Uganda corporate headquarters are located. Getting there earlier than the noon appointment on a Tuesday afternoon, I am asked to wait in the lobby overlooking the parliament of Uganda, the green serenity of Serena hotel and the Victorian architectural marvel of the UBC headquarters. Thirty minutes past noon, Anne as she is fondly called by colleagues emerges from an adjoining conference room with the bank’s People and Culture head, David Mutaka, and half a dozen young persons with physical disability who…
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CEO East Africa Magazine would like to recognize, Annet Nakawunde Mulindwa, the Managing Director of Uganda’s Finance Trust Bank. This week, the bank released its 2021 financial performance results, reporting Finance Trust Bank, this week, released its 2021 financial performance results, reporting a 57% increment in net profit— from UGX5.8 billion in 2020 to UGX 9.16 billion in 2021— the highest ever since acquiring a commercial banking license in 2013. Total income, grew by 23%, from UGX75.2 billion to UGX92.6 billion. Income growth was largely boosted by a 19% growth in lending— from UGX203.2 billion to UGX242.5 billion. As a…
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Finance Trust Bank, has today released its 2021 financial performance results, reporting yet another year of strong growth. According to the results, the bank, despite a challenging 2021, registered double-digit growth in most of its business fundamentals. As a result, the bank set new record highs in its 9-year history since it was granted a commercial banking license in 2013. Net profit after tax grew by 57% from UGX5.8 billion in 2020 to UGX 9.16 billion in 2021— the highest ever. This was on the back of equally strong growth in total income— by 23%, from UGX75.2 billion to UGX92.6…
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The London based Global Brands Magazine (GBM) has named Anne Juuko, the Chief Executive for Stanbic Bank Uganda as the ‘Best Woman CEO’ in Uganda’s Banking sector for the year 2021. Uganda has 27 commercial banks, four of which, including a development bank, are headed by women. In addition, Stanbic Bank won two other accolades including, Trusted Banking Brand, Africa 2021 and Best Banking Brand, Uganda 2021. Andrew Mashanda, the Chief Executive Officer for Stanbic Uganda Holdings Limited said: “By winning these top accolades, Stanbic Bank is sending a signal to the market that it is the best in terms…
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Roselyn Najjuma Thabit, previously Stanbic Bank Uganda’s Head, Products, overseeing the Lending, Liabilities, Card, Bancassurance and Vehicle and Asset Finance solutions in the Personal and Business Banking division has joined Standard Chartered Bank Uganda. At Standard Chartered Bank, one of Uganda’s five largest banks, she now heads the transaction banking unit, since March 2020. She brings on board a wealth of local and regional experience and expertise in the financial services industry that spans over 15 years. At Stanbic Uganda, she has also previously held the Head Customer Journeys role, tasked with leading Stanbic’s innovation and digitisation agenda in 2018….
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By Anne Juuko Africa’s progress in empowering women risks being undone if authorities’ responses to the Covid-19 crisis do not take gender issues into account. Most notably, access to funding will be critical for the survival of many small businesses; yet we know that women entrepreneurs face significantly greater obstacles than men when it comes to accessing financial services. If policymakers are not cognisant of this in their responses, including in their fiscal stimulus packages, Africa’s strides forward in financial inclusion could be reversed in the months and years ahead. We must ensure that our responses are aligned to the…
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