Banking Sector
Bank of Baroda posts its strongest first-half profit since at least 2018
Bank of Baroda Uganda’s first-half profit rose 24.4% to Shs91.3bn in 2026, the highest in its published statements since 2018
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
Bank of Baroda Uganda appoints new managing director
Bank of Baroda Uganda appoints Chandan Singh as managing director after receiving regulatory approval from Bank of Uganda
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
Bank of Baroda adds executive director to board
Bank of Baroda Uganda has appointed Deepak Kumar Mishra, the current assistant general credit manager, to its board as an executive director
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
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
Independent arbitration center to reduce costs and time in commercial disputes – Kasekende
The Alternative Dispute Resolution Framework for the banking and financial sector will help to expedite justice with respect to commercial law in Uganda through two channels. It will offer an opportunity for litigants to settle commercial disputes without going through the commercial courts, and thereby much more quickly and almost certainly at much lower costs
Lean times for banks’ loan growth and profits in FY17
There are no major threats to the stability of the financial system, at least as of June 2017, according to Bank of Uganda's Financial Stability ReportMore Banking Sector
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
