Banks

CompaniesCorporate earnings and resultsMarkets

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
A Stanbic Bank Uganda branch
Markets

Baroda bucks banking sector trend with strong 2020 earnings

The bank kept bad loans and operating expenses in check while posting gains in trading securities
Companies

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
An office of Absa Bank in Johannesburg
CompaniesCorporate earnings and resultsMarkets

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
A Stanbic Bank branch in Kampala
EconomyPolitics & Policy

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
A retail shopping centre in downtown Kampala, Uganda
Economy

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
CompaniesCorporate earnings and results

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
A Standard Bank branch in Jinja
CompaniesCorporate earnings and results

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
An office of Absa Bank in Johannesburg
Markets

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
Main entrance at the Uganda Securities Exchange
Economy

Central bank details key debt relief measures to ease coronavirus hit

The measures include the opportunity to pause loan repayments, the chance to extend maturity dates of loans, and other forms of debt restructuring set out by the law. The central bank has also suspended the prepayment of loan arrears as a condition for debt restructuring
Workers on a construction project
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