UBA bank’s Johnson Agoreyo leads bank into third straight year of profit, sealing an end to an 8-year profit dry spell

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UBA Uganda Managing Director/CEO, Johnson Agoreyo speaks to media at Golden Tulip Hotel, during the announcement of the bank’s new strategic positioning. Agoreyo said the bank looks to leverage is solid group strength to finance big ticket projects in key sectors, as well as introduce “industry-changing technological innovations” that increase customer convenience.

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The Ugandan subsidiary of Nigeria’s United Bank for Africa on April 08th announced a UGX4.9 billion profit (USD1.3 million) profit, confirming that the lender is firmly out of its eight-year loss-making dry spell. In results published in New Vision, a leading local daily, the bank announced that profit had climbed 390% from UGX1 billion in 2017 to UGX4.9 billion in 2018. This is the third ye

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