Banks

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
CompaniesMovers & Shakers

Bank of Baroda replaces managing director

Birbal Singh Dhaka, who was managing director from December 2013, left the position.
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.
Companies

Firms faced stricter lending standards in first three months of 2017

Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
Bank signposts at Oasis Mall, Kampala
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.
Corporate earnings and results

Stanbic Bank reports 27% rise in 2016 profits

Stanbic Bank, Uganda's largest bank, has released financials for 2016 showing a 27% increase in net profit, a solid performance in a challenging year for the banking sector.
A Stanbic Bank Uganda branch
Corporate earnings and results

Dfcu Bank profits up 25% in 2016

Dfcu Bank Limited increased after-tax profit by 25% to Shs46.3 billion in the year to December 2016 despite a tumultuous year for the banking sector, according to summary financials released on Tuesday.
A Dfcu Bank branch in Kampala
Companies

Dfcu ends lay-offs, to offer contracts to former Crane Bank employees

Dfcu Bank will offer new contracts to former Crane Bank employees left over from the integration of the two lenders, a memo sent to staff on Monday said. The new contracts will become effective on 1 April.
A Dfcu Bank branch on Kampala Road
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