Banking

BankingCompaniesCorporate earnings and resultsMarkets

Stanbic trading desk powers record profit

Stanbic Uganda Holdings posted its strongest profit growth in three years in 2025, led by a surge in trading income and compressed interest margins
Standard Bank Group's headquarters in Johannesburg
BankingEconomy

Banks set to ease credit standards on business loans

Banks expect to ease lending standards in the quarter ending in September as loan performance improves for businesses and declines for households, and demand for credit from firms increases, according to a Bank of Uganda survey
Entrance to the personal banking section of a bank
BankingEconomy

Lending to the private sector increases at its fastest rate in two years

Lending to the private sector grew at its fastest pace in two years in April, according to data from the Bank of Uganda, spurred by an increase in commercial bank lending
Entrance to the personal banking section of a bank
BankingEconomy

BoU releases more information on EFC Uganda depositor payout

Bank of Uganda on Tuesday released more information on how depositors of the liquidated microfinance EFC Uganda Limited can access their funds
An EFC Uganda Ltd branch. The microfinance deposit-taking institution was closed by the Bank of Uganda on 19 January 2024 for failing to meet minimum capital requirements and for what the regulator called “poor corporate governance.”
BankingEconomy

Strong economy to boost bank lending, deposits in 2024, says BMI

Improved economic conditions and lower lending rates are expected to increase demand for bank credit, in contrast to last year when loan growth slowed
BMI predicts that loan growth in 2024 will be driven by personal and household loans, borrowing from the agriculture sector, and the construction sector.
BankingCompaniesEconomy

Bank of Uganda shuts down EFC Uganda, takes control

Bank of Uganda shut down the microfinance institution on Friday, citing failure to meet minimum capital requirements and 'poor corporate governance'
An EFC Uganda Ltd branch. The microfinance deposit-taking institution was closed by the Bank of Uganda on 19 January 2024 for failing to meet minimum capital requirements and for what the regulator called “poor corporate governance.”
Banking

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 profitability
People queueing to use an ATM outside a bank
BankingEconomy

BoU deputy governor’s speech at the launch of Islamic banking in Uganda

Deputy governor says Islamic banking will promote financial inclusion and expand product range
A group photo of Salaam Bank and Bank of Uganda officials in the Central Bank's boardroom
Banking

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
A row of nine men, all standing, at a banking licence handover event