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MUMBA KALIFUNGWA: Absa Bank Uganda’s 2022 performance manifests our obsession with our customers’ and stakeholders’ growth This is a condensed version of a speech made by Absa Bank Uganda Managing Director, at the release of the bank’s 2022 financial results. He said the bank’s results are not just a reflection of the growth at Absa, but also the growth of the bank’s customers and its entire stakeholder value chain. He reaffirms that the bank is well-capitalised, financially stable, solid and growing. He also reiterates the bank’s strategic prioritisation of improving customer and digital experience, delivering, and protecting returns, developing our people, and ensuring a sustainable control environment.
Mumba Kalifungwa, Absa Bank Uganda’s Managing Director, since April 2020. Over and above steering the bank through the pandemic, he has been able to, through these three years, grow the bank’s deposits base, by a CAGR of 4%, lending by a CAGR of 5.5% and total assets by a CAGR of 7.3%.