deposits Archives – CEO East Africa

Ugandan Banks harvest UGX 1.4 trillion in net profits as assets grow to UGX 53 trillion- Bank of Uganda data

by Paul MurungiThe Big StoryNovember 14, 2024November 14, 2024

Latest data from Bank of Uganda (BOU) shows Ugandan banks and other supervised financial institutions, remain profitable and adequately capitalised following a surge in net-after-tax profit to UGX 1.4 trillion…

The 5-year transformation of PostBank Uganda⏤ proof that government can profitably drive prosperity

by Paul MurungiIndustry & Analysis The Big StoryOctober 24, 2024October 25, 2024

In his first anniversary interview with CEO East Africa Magazine, as PostBank Managing Director/CEO held in September 2020, Julius Kakeeto envisioned a transformed financial institution. “A tier 1 fully fledged…

Stanbic Bank Uganda’s net profit surge to UGX 236 billion in the first half of 2024

by Paul MurungiCompany NewsAugust 18, 2024August 18, 2024

Stanbic Bank Uganda has maintained a strong growth momentum in the first half of 2024 posting a profit of UGX 236 billion on its income statement. This represents a 17.6…

dfcu Bank to pay final dividend of UGX 6.8 billion to shareholders in August as profits rise to UGX 34 billion

by Paul MurungiIndustry & Analysis News & Analysis The Big StoryJuly 13, 2024July 14, 2024

dfcu Bank is set to pay a final dividend of UGX 6.8 billion to its 3,851 shareholders by August 31st after the Board of Directors made a final approval at the Annual General Meeting held at Hotel Africana on Thursday this week. Speaking on behalf of the Board of Directors, Mr Jimmy Mugerwa, the Chairman Board said the bank upheld…