Profile: Fabian Kasi, managing director of Centenary Bank

MD, Centenary Rural Development Bank (since 2010)

Fabian Kasi, 54, is an accountant. He joined Centenary Rural Development Bank in August 2010 from FINCA Uganda, where he had served as Country Director (2002-2010). During his time at Finca, net profits grew from Shs22bn per year to Shs56bn and, credit extended to public went up by 80 percent by end of 2012, while client numbers grew from 900,000 to 1,300,000. Finca’s loan book expanded from Shs21bn from Shs4.5bn, with portfolio at risk of only 2%.

After five years at the helm of Centenary Bank, the bank’s performance portrayed it as the second most profitable bank. In 2015, its customer deposits grew by 17.5% above the industry average of 12.1%. The Bank’s strength is in provision of financial services especially microfinance to the unbanked and those often considered to be at the peripheral.

Kasi studied at Makerere University and graduated with a Bachelor of Commerce Degree in Accounting. Later, he studied at the University of Newcastle (Australia), graduating with a Master of Business Administration degree.

He has worked as a Banking Officer at Bank of Uganda, Chief Finance Officer at Banque Commerciale du Rwanda (now I&M Bank Rwanda Ltd).

He is also a fellow of Association of Chartered Certified Accountants of the United Kingdom and a member of the Association of Certified Public Accountants of Uganda.

Other board memberships: British American Tobacco Uganda, Pax Insurance

*Last updated: April 2020