Banks

CompaniesCorporate earnings and resultsMarkets

Fall in profits at Bank of Baroda on slowdown in interest income

Bank of Baroda suffered a large decline in profitability in 2019, reflecting the impact of a rise in expenses and a slowdown in interest income
A branch of Uganda's Bank of Baroda
CompaniesCorporate earnings and resultsMarkets

Dfcu profit rebounds as revenues recover

Dfcu Bank has reported a large rebound in profitability helped by strong growth in fees and commissions income, with the company's results boosted further by a drop in operating expenses
CompaniesCorporate earnings and resultsMarkets

Stanbic Bank earnings rise on robust trading gains

Stanbic Bank Uganda reported its strongest annual profitability in three years, boosted by a continued rebound in interest income and a large rise in gains from trading securities
A Stanbic Bank Uganda branch
Economy

Bank lending to the private sector rebounds in December

Bank lending to businesses rebounded to a four-month high in December, largely driven by an increase in lending to the building, mortgage, construction and real estate; trade; and agriculture sectors
Apartment blocks in Nalya Housing Estate, Kampala
Politics & Policy

Agriculture: Stronger rural-urban linkages needed for development, says BoU governor

Government should join hands with the financial sector to strengthen rural-urban linkages and link local agriculture firms to external buyers and retailers
A man at a podium addressing a conference
CompaniesCorporate earnings and resultsMarkets

Stanbic profits in 2018 rise on recovery in interest income

Stanbic Bank Uganda said on Thursday that its profit in 2018 increased on a recovery in interest income, mainly driven by a rise in customer loans
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsMarkets

Dfcu Group’s first-half profits “normalise” after Crane Bank integration

Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had "normalised following the integration of the acquired net assets of Crane Bank Limited".
A Dfcu Bank branch in Kampala
CompaniesCorporate earnings and resultsMarkets

Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018

Profit growth at Stanbic Bank - Uganda's largest bank by assets - picked up a little pace in the first half of 2018 following a decline last year. Still, the bank's primary source of income continued declining due to central bank rate cuts.
A Stanbic Bank Uganda branch
EconomyPolitics & Policy

Central Bank had to take over Crane Bank – Governor Mutebile

The intervention in Crane Bank, was the most difficult of these interventions and the one which was potentially the most problematic, because it was a large bank of systemic importance, and because of the huge magnitude of the losses it had incurred
Bank of Uganda governor, Emmanuel Tumusiime-Mutebile
CompaniesDigital EconomyPolitics & Policy

Prime minister, finance minister and IMF resident representative to speak at bankers’ conference

One of the things to watch out for at the annual bankers conference is what bankers say about the new levies on mobile money transactions, especially, which have become a central feature in their digital offerings, and excise duty increases
UBA poster for the 2018 Annual Bankers' Conference
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