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
BoU grants Salaam Bank first Islamic finance licence
Salaam Bank Ltd was granted Uganda's first Islamic banking licence, weeks after the president assented to the final piece of legislation paving way for the banking method
Growth bounces back in 2021 for Stanbic, but lending stalls
Stanbic Bank said trading gains from debt securities holdings fuelled its profits rebound last year, but a slowdown in economic activity weighed on other revenue streams
Absa Uganda takes earnings hit from loan-loss provisions
Absa reported a decline in full-year profits, its second in three years, on the back of higher loan-loss charges
Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic
Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
More competition, less government debt keys to lower lending rates
Report finds that interest rate spreads and interest rates were the highest in Uganda, compared to regional peers
Central bank holds interest rates at record low, extends relief measures
Bank of Uganda said it was keeping its central bank rate unchanged and extending its credit relief and liquidity assistance measures for businesses and financial institutions for six months starting 1 April
Standard Chartered reports strongest profits since 2016
Standard Chartered Bank Uganda's net revenue for 2019 grew at its fastest in three years as interest income rebounded, driven by interest from loans and advances, and from investment securities
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
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
