A visual round-up of all 23 commercial banks that defined Uganda’s banking story in 2024—a year marked by record UGX 1.63 trillion profits, UGX 4.08 trillion asset growth, big-bank dominance, mid-tier breakthroughs, and sector-wide profitability, save for one new entrant.

Uganda’s banking industry closed 2024 on a notably stronger footing, driven by robust asset expansion, a resurgence in profitability, and intensified market competition. For the first time in over a…

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Tagged: Asset Growth in Banks Bank Market Share Shifts Bank Profitability Uganda Customer Deposits Performance Financial Sector Trends Uganda Loan Portfolio Growth Uganda Mid-tier Bank Surge Uganda TOP BANKS in Uganda Top Performing Banks Uganda Uganda banking sector Uganda Banking Sector 2024 Uganda banking sector 2024 Performance

About the Author

Muhereza Kyamutetera

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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