SMASHING: Absa Bank Uganda registers 169% growth in profit after tax to UGX110 billion

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Absa Bank Uganda has announced a profit after tax of UGX110 billion for the year ended December 2021, representing a 169% growth in profitability from the previous year. “Despite a tough operating environment, economic recovery was faster than anticipated evidenced by the remarkably resilient performance and expansion of the economy by an estimated 5.3%. Private sector business growth was und