Home / Business / Must read: Find out which prominent bank is about to collapse

Must read: Find out which prominent bank is about to collapse

This is how banks posted in 2018… The country has 5 loss making banks including Exim bank which is Chinese and a pronounced lender to the government.

Also DFCU posted poorer results under current management as opposed to how profitable the bank was under Juma Kisame

Tropical Bank was at the verge of making losses in 2018 but survived with about 500 millions in profits..

The Catholic Church owned Centenary Bank and stanbic bank (former UCB) posted very good figures.

Equity bank retained it’s position of 7 as was in 2017 ..but this time with a bigger bad book despite their growing agency banking system.

Of the top ten performing banks, it’s only Finance Trust bank which is managed by a woman.

We await results for 2019 where we will be tracing for BRAC uganda which has grown into a bank lately.

Facebook Commenting
InfoUganda App on Google play store

About James Ateenyi

Check Also

Owners of small, medium enterprises to get cheap loans

Owners of small and medium enterprises (SMEs) have a chance to borrow at lower interest …

Tell us about your opinion on this article

error: Content is protected !!