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Ugandan banks post UGX772.2 billion in Q1, 2019 revenues

by Muhereza Kyamutetera 0
Stanbic Bank, Uganda's biggest bank by assets, lending and profitability and a symbol of Uganda's banking industry growth
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Fresh from a rich 2018, Ugandan banks in the 3 months ending 31st March 2019 posted combined revenues of UGX772.2 billion, an increase of 17.2% from the UGX658.9 billion reported in March 2018. According to Bank of Uganda’s latest Financial Stability Review report, the growth in revenue was driven by “improvements in asset quality” that “translated into reduction in provisions for bad

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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