Banks
Bank of Baroda executive director resigns
Bank of Baroda Uganda on Wednesday announced the resignation of its executive director, Bhati Prithvi Singh, after more than four years in the role
Burn Manufacturing secures funding from AfDB to expand electric cooking in East and Southern Africa
Burn Manufacturing, the Kenyan producer of clean cookstoves and carbon developer, has secured a $4mn grant from the African Development Bank to roll out electric cooking solutions in Uganda, Kenya, and Zambia
Stanbic Bank Uganda declares annual dividend
Stanbic Uganda Holdings Limited today announced an annual cash dividend of Shs3.13 ($0.00086) per share
Phillip Madinga to replace Anne Juuko as Stanbic Bank CEO
Stanbic Bank Uganda, the country's largest bank by assets and profitability, is expected to announce the head of Standard Bank Malawi, Phillip Madinga, as its new chief executive
Dfcu profit soars 40% after bank releases loan loss reserves
Profits at Dfcu Limited rose more than 40 per cent in the first six months, but the company, which derives most of its revenue from Dfcu Bank, reported a fall in income
Stanbic traders boost profits
Uganda's largest bank reported a strong increase in first-half profits despite monetary tightening, as its traders posted their best performance in three years and credit quality improved
Stanbic Uganda’s annual net profit rose
Stanbic Uganda Holdings Limited said its annual net profit rose by 15.2 per cent and was mainly driven by its anchor subsidiary, Stanbic Bank Uganda
Tips for borrowing money: What’s acceptable and what’s not
While the holidays may tempt you to let your financial guard down, it's important to reflect on your financial portfolio to avoid sinking deeper into debt
Two top 100 African bank rankings, same two Ugandan banks
Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitabilityMore Banks
Prime minister, finance minister and IMF resident representative to speak at bankers’ conference
One of the things to watch out for at the annual bankers conference is what bankers say about the new levies on mobile money transactions, especially, which have become a central feature in their digital offerings, and excise duty increases
Mobile money dominates formal sector financial inclusion, limitations and all
Financial inclusion is low in Uganda because banks find it costly and unprofitable to extend services to rural areas. But even in urban areas, their services are expensive. Mobile money is the only financial service that has bucked those trends
No bank has applied for Islamic banking licence – BoU
No bank has formally applied for an Islamic banking licence even though there have been expressions of interest in the model from both local and international institutions, according to the deputy governor of the Bank of Uganda, Louis Kasekende
Commercial banks are key players in the agri-business value chain
While it’s true that most commercial banks in Uganda are not ideally structured to finance individual small-holder farmers directly, the reality is that they still play critical roles within the sector, making them an indispensable part of the overall ecosystem
Centenary Bank 2017 profits drop 8.8%
Centenary Bank made a net profit of Shs100.3bn after tax in 2017, dropping 8.8% from the previous year’s Shs109.9bn
Finance Trust doubles net profit after a difficult 2016
Finance Trust Bank has reported a 131% increase in after-tax profit after a difficult 2016
Standard Chartered says restructuring is paying off as costs, and income, decline in 2017
Standard Chartered's financials for 2017 show a narrowing in profitability and revenue, following strong growths in 2016. But, in keeping with a statement released by its chief executive affirming the success of its restructuring plan, total expenses fell for the second straight year
Barclays Bank reports strong rebound in 2017 earnings
Barclays Bank of Uganda Limited has reported a rebound in after-tax profit growth following a slight dip in 2016
Reflecting on 2017 in the banking sector
From preliminary results, total assets of the banking industry increased by 12% from sh23.7 trillion to sh26.5 trillion 2017. Additionally, all banks met the minimum regulatory capital adequacy last December
Stanbic’s digital push helps drive profit rise in 2017
Stanbic Bank Uganda touted the success of its digitisation strategy on Wednesday as operating costs fell 3.2% in 2017 compared to a 17.4% rise in the previous year
