Banks

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
Opinion

Introduction of Bancassurance in Uganda will be financial sector game changer

Ugandan commercial Banks are now in position to offer Bancassurance to complement their existing bouquets of products after the Ministry of Finance approved regulations governing the model
Bank signposts at Oasis Mall, Kampala
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.
CompaniesCorporate earnings and resultsMarkets

Stanbic profits in first half of 2017 drop on lower interest rates

Stanbic Bank, Uganda's largest bank by assets, reported a year-on-year fall in after-tax profit for the first half of 2017, which it said was emblematic of suboptimal growth in the banking sector
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

Securities trading income boosts Bank of Baroda profits

Bank of Baroda reported a 19.70% rise in after-tax profits for 2016, on the back of a bumper performance in its treasury department, financials released on Friday showed.
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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