Uganda: Profit - Absa Bank Uganda Reports 22 Percent Growth

Uganda: Profit - Absa Bank Uganda Reports 22 Percent Growth

[Independent (Kampala)] Highlights of Absa Bank Uganda 2024 Performance

Absa Bank Uganda Registers UGX 178 Bn in Profits

Absa Bank Uganda’s revenue increased by 15 percent to shs546 billion, which is a reflection of strategic investments made and unwavering customer loyalty to the bank. The revelation was made by Mr. Michael Segwaya, Executive Director and Chief Financial Officer at Absa Bank Uganda, during the release of the 2024 Annual Financial report at Kampala Serena Hotel on Tuesday. In a statement read before members of the media, Segwaya said the Bank has …

Absa Uganda Profit Soars 22% in 2024 Amid Digital Banking Dominance – The Black Examiner

Absa Bank Uganda has reported a 22% surge in net profit to UGX 178 billion for 2024, driven by a 15% revenue increase to UGX 546 billion. The bank credited its performance to strategic investments, customer loyalty, and robust digital innovation. Key Financial Highlights Michael Segwaya, Absa Uganda’s CFO, attributed the results to disciplined financial strategies, stating, “Our revenue resilience underscores effective execution and customer trus

Absa Uganda announces double-digit profit growth

Absa Bank Uganda’s Interim Managing Director David Wandera discusses the bank’s strong 2024 performance, highlighting a 22% profit growth KAMPALA, Uganda  – Absa Bank Uganda reported a 22% increase in profit after tax to 178 billion Ugandan shillings for the year ending Dec. 31, 2024. Revenue climbed 15.1% to 546 billion shillings, the bank announced Tuesday. The financial institution attributed the growth to an increase in its customer base, hi…

PROFIT: Absa Bank Uganda reports 22% growth

David Wandera, Interim Managing Director at Absa Bank Uganda, attributed the 2024 performance to strategic execution and a customer-first mindset. Financial results for the year ended December 31, 2024 show revenue climbs 15% to sh546 billion Highlights of Absa Bank Uganda 2024 Performance  Profit After Tax: Increased by 22%, to UGX 178 billion.  Revenue: A growth of 15.1%, driven by growth in customers, transactional activity, and credit suppo…

Uganda's Capital Markets Post Strong Q1 Growth as CMA, USE Announce Bold Reforms

Uganda’s capital markets are gaining momentum as the Uganda Securities Exchange (USE) and the Capital Markets Authority (CMA) reported strong performance and unveiled wide-ranging reforms during a joint quarterly press briefing held at the Uganda Business Facilitation Centre. The Chief Executive Officers of both institutions—Mr Paul Bwiso (USE) and Mrs Josephine Okui Ossiya (CMA)—outlined critical developments in market activity, regulatory impr…