Banking Sector

Economy

Private sector lending growth picks up in August

Uganda's private sector credit extension grew 6.2% in August from the same month in 2016, accelerating from July's 5.7%
Logos of Uganda's commercial banks
Economy

Liquidity ratio in Uganda’s banking sector up by 6.7% – Central Bank

The liquidity ratio in Ugandan banks has improved by 6.7%, an indication that the banking sector has adequate capital buffers
CompaniesDigital Economy

For banks, the phone is replacing the bricks and mortar branch

Branch network is one of the metrics banks usually use to measure success. The more successful a bank, the more branches across the country. That, however, may be changing as digital banking and agency banking take root in Uganda's banking sector
A poster of Stanbic Bank Uganda's FlexiPay platform, a digital option for paying school fees
Economy

Bank credit to the private sector steady in July

An increase in loans to the agriculture and trade sectors, as well as personal loans and household loans, was responsible for the growth in bank credit to the private sector in July
Executive ProfilesMovers & Shakers

Profile: Fabian Kasi, managing director of Centenary Bank

Fabian Kasi, 51, is an accountant. He joined Centenary Rural Development Bank in August 2010 from FINCA Uganda, where he had served as Country Director (2002-2010). In 2015, after five years under his leadership, the bank's customer deposits grew by 17.5% above the industry average of 12.1% in that year.
CompaniesPolitics & Policy

Governor defends central bank on Crane Bank supervision

Tumusiime-Mutebile says much of the commentary on Crane Bank in the media and on social media betrays a profound misunderstanding of how bank supervision works and what can realistically be achieved by a bank regulator
Economy

IMF calls for more intrusive bank supervision, and revises down growth forecast

The International Monetary Fund is the latest institution to downgrade Uganda's growth projections for the current financial year, following similar updates by the World Bank and the Bank of Uganda.
Bank of Uganda's head office in Kampala.
Economy

Commercial bank lending growth slows in March

Commercial banks' lending to the private sector in March expanded by 6.2% year-on-year, less than February's 7.5% rate, but still the sixth consecutive month credit growth has been positive.
Bank signposts at Oasis Mall, Kampala
CompaniesCorporate 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.
CompaniesCorporate 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.
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