Previous post Next post Absa Bank Uganda Reports UGX178bn in Net Profit, Backed by Strong Double-Digit Growth Across Key Fundamentals At a stakeholder briefing held at the Sheraton Kampala Hotel, Absa Bank Uganda’s Interim Managing Director David Wandera and Executive Director & CFO Michael Segwaya unveiled strong 2024 results, highlighting a 22% rise in profit after tax to UGX 178 billion and 15% revenue growth. The executives credited this performance to robust customer trust, growth in digital payments, trade loans, and green financing. With an improved cost-to-income ratio and rising capital adequacy, the bank affirmed its commitment to sustainability, financial inclusion, and continued support for Uganda’s private sector and household economic empowerment.
Post Comment Cancel reply Comments Name E-mail Save my name, email, and website in this browser for the next time I comment.
Post Comment