2022 Financial Performance

Goldstar Insurance registers 14.5% growth in 2022 premiums 

by CEO ReporterCompany NewsNews & AnalysisJune 17, 2023June 21, 2023

Goldstar Insurance Limited, a member company of the Ruparelia Group, recently released its 2022 results, reporting a 14.5% increase in gross written premiums, from UGX28.2 billion to UGX32.3 billion.The company…

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Q&A: Equity Bank’s Anthony Kituuka, talks about doing well while doing good and a digitally-led inclusive ambition to 5 million customers by end of 2025

by Muhereza KyamuteteraCEOsQ + AsThe Big StoryJune 16, 2023June 16, 2023

The interview takes place against a backdrop of significant positive performance, as reported in the 2022 published financials. Equity Bank Uganda, registered significant growth, reporting a 32% growth in customer…

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DTB’s Varghese Thambi: In 2022, we laid a solid foundation for DTB’s future, a financial technology-led and beyond-banking future

by Varghese ThambiCEOsThe Big StoryThought LeadershipMay 12, 2023May 12, 2023

Esteemed Customers,Over the years, DTB has prided itself as a contributor to the financial well-being of our customers by offering them unmatched services and innovative solutions, anchored on convenience, agility…

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UGX32.9 bn profit and UGX1.1 trillion in assets; KCB Bank caps off Ugandan 15th anniversary stronger

by Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMay 11, 2023May 11, 2023

KCB Bank Uganda, a subsidiary of KCB Group, one of East Africa’s largest financial groups, reported that its net profit for 2022, grew by an impressive 344.6% from UGX7.4 billion…

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Equity Bank breaks into Uganda’s top 5 banks; designated Domestic Systemically Important Bank by Central Bank

by Muhereza KyamuteteraIndustry & AnalysisThe Big StoryMay 9, 2023May 9, 2023

Despite taking a 46.7% drop in 2022 net profit, Equity Bank Uganda still managed to make significant growth and key market share gains in customer deposits, lending, income and assets…

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What next for Uganda’s undercapitalised banks? 

by Muhereza KyamuteteraIndustry & AnalysisThe Big StoryMay 8, 2023January 18, 2024

On the 16th of November 2022, the Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2022 was signed into law by Uganda’s Minister of Finance, Planning and Economic Development (MFPED),…

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OPINION: Ecobank Uganda’s 2022 strong performance demonstrates our renewed customer commitment and enhanced value propositions  

by Grace MuliisaCEOsThe Big StoryThought LeadershipWomen In LeadershipMay 4, 2023May 4, 2023

Ecobank Uganda registered a strong performance turnaround during the year ending 2022, with audited Profit before Tax (PBT) increasing by 157% to UGX 4.5 billion in 2022, while Profit After…

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2022 net profits at Diamond Trust Bank’s Ugandan unit grow 16.2% to UGX35.8 bn

by CEO ReporterCompany NewsNews & AnalysisThe Big StoryMay 2, 2023May 2, 2023

Diamond Trust Bank Uganda, the Ugandan subsidiary of the Kenya-headquartered Diamond Trust Bank Group has released its 2022 financials reporting double-digit growth in deposits, lending, income, profits and assets.According to…

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Housing Finance Bank profits reach a record UGX58.5 bn; becomes Uganda’s 5th most profitable bank

by The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryMay 2, 2023May 2, 2023

Housing Finance Bank, the government of Uganda and NSSF-owned lender is now Uganda’s 5th most profitable bank, jumping three positions from the 8th in 2021. In 2022 results released last week,…

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I&M Bank Uganda ends 3-year loss streak in solid form; announces UGX5.6 bn profit and key growth in deposits and assets

by The CEO Magazine TeamCEOsCompany NewsThe Big StoryApril 28, 2023April 28, 2023

The benefits of Orient Bank’s acquisition and subsequent rebranding to I&M Bank Uganda and thereafter integration into the larger I&M Group Plc are unfolding with the bank’s release of its…

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