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Companies
Corporate earnings and results
Securities trading income boosts Bank of Baroda profits
Bank of Baroda reported a 19.70% rise in after-tax profits for 2016, on the back of a bumper performance in its treasury department, financials released on Friday showed.
May 5, 2017
Companies
Corporate earnings and results
Barclays profits dip slightly to Shs55bn
An increase in the expenses set aside for bad loans and customer defaults saw total expenses rise faster than revenue at Barclays Bank last year, leading to a slight decline in after-tax profits.
May 1, 2017
Companies
Corporate earnings and results
NC Bank profits drop 35% in 2016
NC Bank Uganda, a subsidiary of Kenya's NIC Bank Group, saw its after-tax profits drop 34.95% in 2016 on the back of rising expenses, results released on Wednesday show.
April 26, 2017
Companies
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
Companies
Movers & Shakers
Bank of Baroda replaces managing director
Birbal Singh Dhaka, who was managing director from December 2013, left the position.
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
Firms faced stricter lending standards in first three months of 2017
Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
April 10, 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
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
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