UBA bank’s Johnson Agoreyo leads bank into third straight year of profit, sealing an end to an 8-year profit dry spell

The Ugandan subsidiary of Nigeria’s United Bank for Africa on April 08th announced a UGX4.9 billion profit (USD1.3 million) profit, confirming that the lender is firmly out of its eight-year loss-making dry spell. In results published in New Vision, a leading local daily, the bank announced that profit had climbed 390% from UGX1 billion in 2017 to UGX4.9 billion in 2018. This is the third ye