Banking Sector

CompaniesCorporate 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.
People queueing to use an ATM outside a bank
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.
CompaniesCorporate 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.
CompaniesCorporate 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.
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.
Economy

Banks reduce rates on loans, but will they lend?

Several banks have announced their intention to lower prime lending rates since Monday, in response to Bank of Uganda's latest policy rate trimming.
Logos of Uganda's commercial banks
Data

Commercial bank interest rates and charges as at 01 January 2017

Bank of Uganda regularly publishes the charges and interest rates for personal accounts in Uganda's commercial banks to “promote transparency and enhance competition in the provision of banking services.”
Logos of Uganda's commercial banks
Economy

10 things the World Bank says about Uganda’s economy

The World Bank on Tuesday released its eighth Uganda Economic Update outlining its view of the state of the economy, more than six months after it cut off funding over slow execution of projects. Here are 10 key messages from the report.
Economy

BoU sees tough times ahead for banks, but confident on stability

The central bank is counting on tougher capital demands to mitigate potential risks to the financial system, following a stormy year for the banking sector during which the regulator took over management of one of the largest lenders.
Economy

Banks to face tougher capital demands as regulator calls for stricter lending standards

Banks will have to set aside higher levels of capital in 2017, with an additional surcharge for the three domestically systemically important banks, to protect against possible shocks, Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda said on Friday.
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