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Corporate earnings and results
Centenary Bank loan growth pushes profits to Shs109.9bn in 2016
Centenary Bank profits rose 8.18% to Shs109.9bn in 2016, the bank announced on Monday, largely on the back of a rise in interest income on loans and advances.
April 24, 2017
Markets
Mergers & Acquisitions
Dfcu has a new majority shareholder after South Africa-based Arise takes stake
Arise B.V., an investment company based in Cape Town, has acquired a majority stake in dfcu Limited, the holding company of dfcu Bank.
April 19, 2017
Corporate earnings and results
Lower income tax boosts profits at Housing Finance
Housing Finance Bank reported a 22.9% jump in net profits for 2016, helped by a decline in its income tax expense, and a rise in interest income driven by higher returns on investment securities.
April 12, 2017
Companies
Corporate earnings and results
Exim Bank falls to Shs4bn loss in 2016
Exim Bank became the first bank to report a loss for 2016, as a dip in activity dragged down its revenues. Profit after tax fell 275% compared to 2015, to a Shs4.1bn loss, because of a decline in revenue to Shs32.5bn from Shs36.3bn in 2015.
April 12, 2017
Companies
Corporate earnings and results
Standard Chartered profits quadruple in 2016
Standard Chartered Bank reported profitability bouncing back in 2016 compared with 2015, as a big fall in loan loss provisions brought down total expenses.
April 7, 2017
Corporate earnings and results
Monitor, NTV revenue drops in tough media environment
Severe cost-cutting helped Nation Media Group limited to stem the bleeding from an 8% fall in revenues as a tough business environment hit the region’s largest media firm.
April 6, 2017
Markets
All banks now primary dealers as Bank of Uganda eases investing in treasuries
The Central Bank has opened up the primary market for government securities to all 24 licenced commercial banks, a move it says aims to make investing in the securities easier and more accessible to the public.
April 5, 2017
Corporate earnings and results
Energy, Oil & Gas
Higher finance costs and flat earnings dim Umeme’s profit
Umeme’s net profit fell 5.8% in 2016 to Shs99.7 billion, weighed down by higher financing costs and flat earnings, the power distributor said in full year results released on Monday.
April 3, 2017
Corporate earnings and results
Stanbic Bank reports 27% rise in 2016 profits
Stanbic Bank, Uganda's largest bank, has released financials for 2016 showing a 27% increase in net profit, a solid performance in a challenging year for the banking sector.
March 29, 2017
Corporate earnings and results
Dfcu Bank profits up 25% in 2016
Dfcu Bank Limited increased after-tax profit by 25% to Shs46.3 billion in the year to December 2016 despite a tumultuous year for the banking sector, according to summary financials released on Tuesday.
March 21, 2017
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