Top BAnk CEOs in Uganda

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 numbers from 1.222 million to 1.613 million and a 39% growth in the number of agents from 5,572 agents to…

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Uganda’s Central Bank approves Anthony Kituuka for Equity Bank Managing Director job

by Muhereza KyamuteteraFinanceIndustry & AnalysisThe Big StoryJanuary 4, 2023January 4, 2023

Bank of Uganda, the regulator of Uganda banking financial services has given its approval to Anthony Kituuka, 47, to be appointed the Managing Director, of Equity Bank Uganda, our sources say.“The much-expected approval came through late December 2022,” the impeccable source told this reporter on phone.Kituuka was on 21st November…

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IT CAN BE: Stanbic’s role in supporting businesses during COVID-19

by Muhereza KyamuteteraFinanceQ + AsThe Big StoryJuly 10, 2020July 10, 2020

You recently cut your prime lending rate to 16 percent, for the second time this year. This is a rather unexpected move, given the probable likelihood of increased Non-Performing Loans and other Covid-19 related risks. What are the insights behind this decision?Stanbic has consistently re-priced our prime lending rate in…

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BoU clears CBA and NC Bank merger in Uganda; but who will head the new NCBA Bank?

by Muhereza KyamuteteraCompany NewsFinanceThe Big StoryJune 1, 2020July 6, 2020

Bank of Uganda has cleared the merger of two out-of-Nairobi banks- NC Bank Uganda and Commercial Bank of Africa. The two as per 2019 results were the 19th and 21st largest banks by assets respectively and the merger will pave way for Uganda’s 15th largest bank- out of 25 licensed…

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Ecobank Uganda’s assets hit a record UGX671.1 billion; ready to mingle with the big banks

by theceomaFinanceThe Big StoryApril 30, 2020July 31, 2020

Ecobank Uganda, this week released their 2019 results, reporting a 60 per cent increment in the bank’s assets from UGX420 billion in 2018 to UGX671.3 billion at the end of 2019.Assets grew by UGX 251.3 billion, crossing the UGX500 billion asset mark, stamping a place amongst Uganda’s tier 2 commercial…

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HERE FOR GOOD: How Standard Chartered Bank is making it easy for customers in Uganda to cope during Covid-19

by Muhereza KyamuteteraFinanceThe Big StoryApril 20, 2020April 20, 2020

The Central Bank on April 6th released its April 2020 monetary policy statement that among others, reduced the CBR to 8%. It also announced other measures to mitigate especially the negative effects of Covid-19. In your view, do you think the measures are sufficient to deal with the problem at…

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INTERVIEW: dfcu’s Mathias Katamba talks resilience and innovation in 2019 and a cautious 2020

by theceomaCompany NewsFinanceMarch 31, 2020March 31, 2020

How was 2019 for dfcu Bank? In 2019, we steered the organisation through another year of success and growth; the operating environment was generally positive with a few challenges along the way, dfcu continued to demonstrate resilience and market leadership in the various segments that we serve. We delivered robust…

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STANBIC’S NEW CEO, ANNE JUUKO: “We have both the responsibility and ability to support our clients and the economy wither the COVID-19 storm”

by Muhereza KyamuteteraFinanceThe Big StoryMarch 27, 2020March 27, 2020

Most borrowers tend to hide away from their banks at the very first sign of trouble. And as COVID-19 related business complications begin to make landfall for many businesses in Uganda in form of canceled bookings and orders, delayed deliveries, delayed payments, low demand etc., cash, the life-blood of every…

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INTERVIEW: Patrick Mweheire tells the facts behind Stanbic’s record UGX259bn (USD67.1 mn) in profit.

by CEO ReporterFinanceThe Big StoryThought LeadershipMarch 27, 2020March 27, 2020

Please mention a few key highlights for Stanbic Bank in 2019? We delivered another great performance and were able to improve on all our key performance goals. We grew our deposits by 21% as more customers trusted us with their money and our loans & advances grew by 14% by…

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Mumba Kalifungwa appointed Absa Bank Uganda Managing Director

by Muhereza KyamuteteraCompany NewsFinanceThe Big StoryMarch 19, 2020March 19, 2020

Absa Group Limited has today announced the appointment of Mr Mumba Kalifungwa as Managing Director for Absa Bank Uganda effective 1 April 2020, confirming a story, CEO East Africa early this month broke about his appointment.   He succeeds Mr Nazim Mahmood, who has held the position on an interim…

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