A number of banks were recognized and appreciated for their support in revenue mobilization. By Francis Otucu Innovation, compliance and service delivery topped discussion at the Serena Hotel on Friday as Uganda Revenue Authority (URA) engaged stakeholders at the 5th Annual Banking Conference. The conference was convened by the tax
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Housing Finance Bank staff getting vaccinated In partnership with KCCA, Housing Finance Bank organized a two-day vaccination exercise for its employees and their families at its headquarters in Kololo and has continued to rally upcountry staff to receive vaccination at government gazetted centers. This comes at the time when the
Read MoreEquity Group MD & CEO Dr. James Mwangi (centre), Equity Group Board Chair Prof. Isaac Macharia (left) & Equity Group Executive Director Mary Wamae (right) discuss the quarter one 2021 results during the investor briefing. Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted
Read MoreA photo montage of top bank CEOs in Uganda Commercial banks in Uganda overcame the disruptions caused by COVID-19 to the banking sector and major sectors of the economy to post positive results in 2020. An exclusive analysis of financial statements for the year ended 31st December 2020 published by
Read MoreMichael K. Mugabi, Managing Director, Housing Finance Bank Housing Finance Bank (HFB), an indigenous finance institution is famous for its mortgage product in the banking sector. Herewith, the Bank’s Managing Director, Micheal K. Mugabi shares some of its milestone achievements in the implementation of National Development Plan (NDP II) which spanned
Read MoreMontage of CEOs heading banks with highest NPLs Banking industry Non-Performing Loans (NPLs) increased significantly in 2020, an exclusive analysis by Business Focus reveals. In our previous articles about the performance of banking industry in 2020, we revealed the most profitable and loss making banks as well as the largest banks
Read Moredfcu and UCI Executives during the ground breaking Ceremony today dfcu Bank has extended support to the Uganda Cancer Institute with the construction of a 100-seater shelter to provide the outpatients with a secure and decent waiting area as they access health services at the Mulago institute. The shelter valued
Read MoreEXCLUSIVE: Uganda’s Largest Banks By Assets Named, Total Industry Assets Hit Shs38 Trillion
A photo montage of some bank CEOs in Uganda Ten (10) commercial banks operating in Uganda control a commanding 74.91% of the total industry market share for assets, an exclusive analysis by Business Focus has revealed. It’s worth noting that this website analyzes the performance of commercial banks every year based
Read MoreCarolyne Agudo, Head of Customer Experience (L) at Housing Finance Bank handing over a customized gift hamper to a customer. Looking on is David Muyomba, the bank’s Communications & PR Officer In the spirit of celebration, Housing Finance Bank delivered in person to some of their partners across the country special presents to
Read MoreANALYSIS: 19 Banks Post Shs817.7bn Profit In 2020, Loss-Making Institutions Revealed
The 2020 financial results for commercial banks operating in Uganda are finally out. Every year, Business Focus exclusively analyses the performance of banks based on their financial statements. In the last one month, banks have been releasing their financial results in newspapers as required by law. Currently, there are 25 banks
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