FinanceThe Big Story

BANK OF AFRICA’S ARTHUR ISIKO: Our doors are open for post-Covid-19 recovery solutions Bank of Africa; part of banking giants BMCE Bank of Africa recently released its 2019 results, posting strong double-digit growth across all the major fundamentals such deposits, lending and assets. As such the bank’s profit grew by 33% to UGX20 bn. This solid performance is against a backdrop of the bank’s 35 year journey in Uganda that has seen the bank grow from an asset base of just UGX 10bn to more than UGX800bn today! In this interview, the bank’s Managing Director, Mr. Arthur Isiko, says this performance, reflects the bank’s growth, resilience, and sustainable banking foundation- a foundation that customers can continue relying on to build their dreams especially during and after Covid-19.

by Muhereza Kyamutetera
Arthur Isiko, the bank's Managing Director since October 2015. In the 5 years, Bank of Africa assets have grown from UGX629.4 billion to UGX803.1 billion.
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Most often people do look out for profits or losses in a bank’s results, but there is often a lot of facts behind the figures that go unmentioned. What are some of the key highlights about your 2019 results that are worth celebrating? It is true that our performance reflects healthy growth in net profit by 33% between 2018 and 2019. However, our financial performance reflects much more - grow

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.