The banking sector in Uganda has seen steady progress over the years. In 2003, there were 14 commercial banks with a total asset base of Ugx 5.116 trillion, representing average assets per regulated bank of Ugx. 0.37 trillion. By the end of the year 2019, the sector’s total assets had risen to Ugx. 33.380 trillion, representing average total assets per regulated bank of Ugx. 1.28 trillion, representing a percentage asset base growth of 251% over the 16 years. Afriland First Bank from Cameroon also joined the financial sector to increase the number of regulated commercial banks in the country.
The financial sector also had lower asset quality with non-performing loans increasing from 5.1% of total loans to 5.4% with delinquency spreading around every economic segment. This was an overall decline in credit management.
At least seven (7) banks made losses compared to the 5 in 2019. This was by far due to high impairment charges especially banks like Tropical Bank, Orient and Top Finance Bank while some banks like Cairo suffered losses due to increased personnel costs.
This year, we Summit Consulting Ltd will launch the banking sector report live via Zoom, to all interested. The launch shall feature presentations by the Summit Consulting Ltd data analytics and strategy experts to provide deeper insights about banking sector performance, stability and new developments in the industry. If you are interested in partnering with us in promoting the sector and are not one of the financial sector players, contact us. Otherwise, you are all welcome to register to attend the report launch on 14th August 2020, at 10 am.
As a participant, you will be the first to receive the banking sector report 2020 – both an executive PPT summary for board briefing and a detailed sector report covering all the banks.
To register to attend the launch webinar, click here >>
To subscribe and receive the banking sector report,
Copyright Summit Consulting Ltd, 2020. All rights reserved.
