Centenary Bank assets jumped to 7.1 trillion shillings last year, up more than 12 percent. Loans and advances rose to 3.7 trillion shillings as the bank invested more in farming, small loans, and business funding. These special areas make up 37 percent of all loans given out. People also invested more savings in the bank, with deposits reaching 4.2 trillion shillings.
Bank leader Fabian Kasi said this growth shows customers trust them and make smart lending choices. The bank keeps far more safety money than rules require, with 28 percent saved against possible problems when much less is needed. Money from shareholders grew almost 17 percent to 1.6 trillion shillings. The bank also invested 18 percent more, reaching 2.2 trillion shillings.
Banking expert Samantha Amariza thinks this steady growth helps Uganda because it means more businesses can borrow money. The bank funds farmers, small shops, and growing companies that create jobs across the country. This helps Uganda save more money as a nation and grow stronger over time.
Bank leader Fabian Kasi said this growth shows customers trust them and make smart lending choices. The bank keeps far more safety money than rules require, with 28 percent saved against possible problems when much less is needed. Money from shareholders grew almost 17 percent to 1.6 trillion shillings. The bank also invested 18 percent more, reaching 2.2 trillion shillings.
Banking expert Samantha Amariza thinks this steady growth helps Uganda because it means more businesses can borrow money. The bank funds farmers, small shops, and growing companies that create jobs across the country. This helps Uganda save more money as a nation and grow stronger over time.
