Kampala, Uganda | THE INDEPENDENT | Centenary bank has announced a 45% increase in after-tax profits to 155.9 billion shillings making it the second most profitable bank in the country after Stanbic Bank. In 2018, the Catholic Church-owned institution made 107 billion shillings in net profit. The financial results …
Read More »Centenary Bank joins COVID-19 fight with Shs200million
Kampala, Uganda | Julius Businge | Centenary Bank has joined the list of corporate companies that have responded to President Yoweri Museveni’s call for well-wishers to donate money and relief items to aid the fight against the spread of coronavirus pandemic. The bank has contributed protective gear to upcountry health centres and …
Read More »Uganda’s banking sector looks brighter
Kampala, Uganda | ISAAC KHISA | The country’s banking industry recorded a sluggish profit growth in 2017 but it projects a positive outlook a head. Fabian Kasi, the managing director of Centenary Bank spoke to The Independent’s Isaac Khisa about the industry’s growth prospects. Ashead of one of the country’s …
Read More »High loan processing fees hurting SME’s
Kampala,Uganda | THE INDEPENDENT | Small and Medium Enterprises in Uganda are restraining from accessing credit facilities due to high processing fees. This was revealed during a recent workshop organized by Enterprise Uganda in Kampala. “When you ask for a loan, they choose their own surveyors whom they pay by deducting …
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