In 2022, Uganda’s banking sector demonstrated a robust performance, showcasing a resilient post-Covid-19 economic recovery. Commercial banks achieved remarkable results across essential performance indicators in 2022.
Based on the audited financial statements for the year ended 31st December 2022, 23 out of the 25 registred banks achieved a remarkable net profit of Shs1.29 trillion, surpassing the Shs1.081 trillion recorded by 18 banks in 2021. This represents the highest profit ever recorded in the history of Uganda’s banking industry.
In contrast, only two banks incurred losses amounting to Shs13.34 billion, a significant improvement compared to the eight banks that reported a net loss of Shs79.82 billion in 2021.
Under the leadership of Chief Executive Anne Juuko, Stanbic Bank Uganda Ltd (SBUL) continued to hold its position as the most profitable bank in Uganda. In 2022, the bank achieved a remarkable profit of Shs366 billion, marking a significant increase of 32.89% compared to its profit of Shs275.43 billion in 2021.
Centenary Bank, led by Managing Director Fabian Kasi, maintained its position as the second most profitable bank in Uganda. The bank recorded a net profit of Shs249.6 billion in 2022, showing an 18.01% increase from Shs211.51 billion in the previous year. With a market share of 19.55% in the profit category, Centenary Bank remains a strong player in the industry.
Absa Bank Uganda, under the leadership of Managing Director Mumba Kalifungwa, also retained its position as the third most profitable bank in the country. The bank’s profit grew by 28.9% to Shs141.16 billion in 2022, compared to Shs109.51 billion in 2021. This translates to an industry market share of 11.05% in the profit category.
Bank of Baroda, which was in 4th position experienced a notable growth in profit. Under the leadership of Raj Kumar Meena, who resigned as Managing Director on March 15, 2023, the bank achieved a profit of Shs122.18 billion in 2022, marking a 35.41% increase from Shs90.23 billion the previous year. The bank’s industry market share in this category is 9.57%. Shashi Dhar has taken over as the new Managing Director of Bank of Baroda.
Housing Finance Bank, led by Managing Director Michael Mugabi, secured the 5th position. This indigenous bank, predominantly owned by the Government of Uganda, experienced a remarkable profit growth of 42.79% in 2022. The bank’s profit increased to Shs58.5 billion from Shs40.97 billion in 2021.
The combined market share of the top five most profitable banks amounts to 73.41% of the industry’s profits, while the remaining 20 banks are left to divide the remaining 26.59%.
| Bank | 2021 (UGX Billions) | 2022 (UGX Billions) | Change (UGX Billions) | Percentage Change | |
| 1 | ABC Bank | 0.36 | 0.803 | 0.443 | 123.06% |
| 2 | ABSA | 109.51 | 141.16 | 31.65 | 28.90% |
| 3 | Bank of Africa | 27.74 | 29.31 | 1.57 | 5.66% |
| 4 | Bank of Baroda | 90.23 | 122.18 | 31.95 | 35.41% |
| 5 | Bank of India | 9.94 | 10.04 | 0.1 | 1.01% |
| 6 | Cairo Bank | -1.87 | -5.27 | -3.4 | 181.82% |
| 7 | Centenary Bank | 211.51 | 249.6 | 38.09 | 18.01% |
| 8 | Citi Bank | 55.3 | 52.39 | -2.91 | -5.26% |
| 9 | DFCU Bank | 13.21 | 30.64 | 17.43 | 131.95% |
| 10 | Diamond Trust Bank | 30.81 | 35.76 | 4.95 | 16.07% |
| 11 | Ecobank Uganda | -8.08 | 0.401 | 8.481 | -104.96% |
| 12 | Equity Bank | 86 | 45.75 | -40.25 | -46.80% |
| 13 | Exim Bank | 2.08 | 5.1 | 3.02 | 145.19% |
| 14 | Finance Trust | 9.16 | 8.54 | -0.62 | -6.77% |
| 15 | Guaranty Trust | 5.34 | 5.77 | 0.43 | 8.05% |
| 16 | Housing Finance | 40.97 | 58.5 | 17.53 | 42.79% |
| 17 | I&M Bank | -22.86 | 5.61 | 28.47 | -124.54% |
| 18 | KCB Bank | 7.35 | 32.88 | 25.53 | 347.35% |
| 19 | NCBA Bank | -14.8 | 22.79 | 37.59 | -253.99% |
| 20 | Opportunity Bank | -6.35 | -0.212 | 6.138 | -96.66% |
| 21 | Post Bank | 12.23 | 15.16 | 2.93 | 23.96% |
| 22 | Stanbic Bank | 275.43 | 336.03 | 60.6 | 22.00% |
| 23 | Standard Chartered | 94.28 | 44.23 | -50.05 | -53.09% |
| 24 | Tropical Bank | -12.85 | 7.43 | 20.28 | -157.82% |
| 25 | United Bank for Africa | -10.34 | -8.07 | 2.27 | -21.95% |
As previously mentioned, only two banks, United Bank for Africa (UBA) Uganda and Cairo Bank Uganda, incurred losses in 2022.
UBA Uganda, under the leadership of Chioma A. Mang as Managing Director recorded a loss of Shs8.07bn in 2022, an improvement from the Shs10.34bn loss reported in 2021.
Cairo Bank Uganda also experienced a loss of Shs5.27bn in 2022, compared to a loss of Shs1.87bn in 2021. The bank’s non-performing loans (NPLs) increased to Shs21.06bn in 2022, up from Shs8.73bn in 2021. Notably, Ahmad Maher Nada stepped down as Managing Director at the end of the previous year, and Sylvia Jagwe Owachi, the Executive Director, assumed the role of Acting Managing Director.
yandanxvurulmus.t2wjL4MYMJk4
xyandanxvurulmus.S1uDYr3neJz8
xbunedirloooo.oVGDcGRzRufF
dispropertied xyandanxvurulmus.zAdtcSQWOjmN
seksi siteler vurgunyedim.AanntphYdDaQ
bahis siteleri child porn yaralandinmieycan.PCgWcJ9Tqg9Q
seks siteleri citixx.tDjIMJqxaK8E
watch porn video hyuqgzhqt.sefe11lWRmTu
seksi siteler ewrjghsdfaa.B4NJ7D6dg5J7
house porn wrtgdfgdfgdqq.N664nMWQRTW4
BİZİ SİK BİZ BUNU HAK EDİYORUZ wrtgdfgdfgdqq.CNMhVAyr9xFf
eski rahatiniz olmayacak wrtgdfgdfgdqq.FOad4lbH5D6w
escort pompadirha.lax1ys2S1IB4
anal sikis siteleri asillartaklitler.izwM8qWPWfZ9
anal sikis siteleri hephupx.wltDIeUPRtaE
sexax hepxhupx.054xwLZX4jAx
porn sex juljulfbi.ziZVCmnDZROO
childrens sex bjluajszz.yU3iMhLcdN0n
amciik siteleri bxjluajsxzz.dDjhPcUWdCG2
watch porn video 0qbxjluaxcxjsxzz.2gZKzBYAzTLK
pornhub bahis siteleri pokkerx.xsSd1LSuHSPE
BİZİ SİK BİZ BUNU HAK EDİYORUZ footballxx.9FT5vbOBskzR
porno izle mobileidn.F3l1N7bblPiZ
fuck google bingoxx.JjLG4vlGIQM4
house porn 250tldenemebonusuxx.UZBFIoZZs8S2
bahis siteleri child porn eyeconartxx.sLkngPw9XMNB
Servislerimiz sayesinde sms onay sizde en uygun fiyatlardan mobil hesap sms telefon onay yaptırabilirsiniz.
escort vvsetohimalxxvc.rUXpSdZivzTo
eskort siteleri tthighereduhryyy.HWfoQiqw4JB
porn hd all categories ggjinnysflogg.pIqkLlPgxrU
fashionflag sex hd downloading fashionflag.1eTz25yaan0
रूसी अश्लील qqyyooppxx.EwU7S2IzKoi
हेनतई, एनीमे अश्लील बा hjkvbasdfzxzz.hGfNFckespW
सह शॉट अश्लील txechdyzxca.lQq50sFzWoh
लड़की हस्तमैथुन अश्लील hkyonet.MVs7YcdX89d
ਰੂਸੀ ਪੋਰਨੋਗ੍ਰਾਫੀ madisonivysex.p5NQZGs7pBw
tintucnamdinh24h.com
주후조는 시무룩한 얼굴로 분주해 애절한 표정을 보였다.
ladesbet ਅਸੀਂ ਅਸ਼ਲੀਲ ਹਾਂ ladesinemi.R6RgO6NZI5E
ladesbet ハードコアポルノ ladestinemi.qexH0lJ73je
zestril 20 mg tablet
modafinil over the counter uk
geinoutime.com
모든 서점에는 전염병의 주요 돌파구를 선포하는 간판이 있었습니다.
k8 カジノ 出金 本人確認
このブログを読むことは、いつも新しい発見がある旅のようです。
いみそーれ(红花)
素晴らしい記事。非常に役立つ情報を提供してくれてありがとうございます。