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FORCE OF GOOD: Absa posts UGX41 billion profit, despite restructuring UGX260 bn loans and increased Covid-19 and rebranding costs

Muhereza Kyamutetera Muhereza Kyamutetera

Absa Bank Uganda Managing Director, Mumba Kalifungwa (left) and Michael Segwaya, the Executive Director and CFO releasing the results, yesterday at Kampala Sheraton Hotel. PHOTO/Courtesy

Absa Bank Uganda, yesterday, 20th April 2021, released their 2020 annual results, reporting a profit of UGX41 billion and growth in revenue to UGX316 billion.This is Mumba Kalifungwa’s first results,…

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