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Corporate earnings and results
Absa profits rebound on lending income boost
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda, returned to profit growth in 2019 on the back of stronger growth in lending income and a rebound in interest from trading securities
May 23, 2020
Markets
Coronavirus causes companies to postpone AGMs, dividend payments
Six companies listed on the Uganda Securities Exchange have postponed their annual general meetings due to the coronavirus outbreak, the bourse said in a statement
May 6, 2020
Economy
Central bank details key debt relief measures to ease coronavirus hit
The measures include the opportunity to pause loan repayments, the chance to extend maturity dates of loans, and other forms of debt restructuring set out by the law. The central bank has also suspended the prepayment of loan arrears as a condition for debt restructuring
April 17, 2020
Companies
Corporate earnings and results
Markets
Fall in profits at Bank of Baroda on slowdown in interest income
Bank of Baroda suffered a large decline in profitability in 2019, reflecting the impact of a rise in expenses and a slowdown in interest income
April 8, 2020
Companies
Corporate earnings and results
Markets
Dfcu profit rebounds as revenues recover
Dfcu Bank has reported a large rebound in profitability helped by strong growth in fees and commissions income, with the company's results boosted further by a drop in operating expenses
April 2, 2020
Companies
Corporate earnings and results
Markets
Stanbic Bank earnings rise on robust trading gains
Stanbic Bank Uganda reported its strongest annual profitability in three years, boosted by a continued rebound in interest income and a large rise in gains from trading securities
March 26, 2020
Economy
Bank lending to the private sector rebounds in December
Bank lending to businesses rebounded to a four-month high in December, largely driven by an increase in lending to the building, mortgage, construction and real estate; trade; and agriculture sectors
February 10, 2020
Politics & Policy
Agriculture: Stronger rural-urban linkages needed for development, says BoU governor
Government should join hands with the financial sector to strengthen rural-urban linkages and link local agriculture firms to external buyers and retailers
July 16, 2019
Companies
Corporate earnings and results
Markets
Stanbic profits in 2018 rise on recovery in interest income
Stanbic Bank Uganda said on Thursday that its profit in 2018 increased on a recovery in interest income, mainly driven by a rise in customer loans
March 28, 2019
Companies
Corporate earnings and results
Markets
Dfcu Group’s first-half profits “normalise” after Crane Bank integration
Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had "normalised following the integration of the acquired net assets of Crane Bank Limited".
August 26, 2018
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