Mathias Katamba, CEO dfcu Bank (PHOTO/Courtesy) KAMPALA — Members of Uganda Bankers Association (UBA) held their annual general meeting and elected Mr. Mathias Katamba, as the new Chairman taking over from Mr. Patrick Mweheire who served for two years (2018 & 2019).
Mr. Katamba is the Chief Executive Officer of dfcu Bank Uganda.
Other members elected on the executive committee of UBA include;
Ms. Sarah Arapta, Citibank CEO as Vice Chair, Mr. Varghese Thambi, CEO Diamond Trust Bank as Hon Treasurer,
Mr. Sam Ntulume, CEO NC Bank as Hon. Auditor, Mr. Albert Saltson, CEO Standard Chartered Bank, Committee Member and Ms. Veronica Namagembe, CEO Pride Microfinance (MDI), Committee Member.
The new leadership assumes responsibility at a time when the industry has registered significant improvements in the areas of profitability, credit extension, channels and growth in assets over the past year 2019.
In his last message as Chairman of UBA, Patrick Mweheire noted that in 2019, two financial institutions namely Opportunity Bank and Afriland Bank were issued with commercial banking licenses bringing the total number of tier I banks to 26 and highlighted that the total assets of the banking industry had increased by 16.7% from UGX 28.1 trillion at end of December 2018 to UGX 32.8 trillion as at December 2019.
This growth was attributed to;
Growth in loans & advances by 13.9% from UGX 12.7 trillion reported in 2018 to UGX 14.46 trillion in 2019. In the year 2019, the banking industry registered a growth in loans/ credit facilities spread across most sectors with Real Estate & Construction accounting for 20.2 % of the total industry loan book, followed closely by trade & commerce at 19.2% personal & household loans at 18.4%, followed by agriculture and manufacturing at 13.5% and 12.8 % respectively.
Lending to agriculture registered the highest annual growth rate of 18.1% (UGX 298 billion) largely attributed to lending extended in the areas of agro-processing (UGX 9.2 billion).
Growth in customer deposits by 18.4% from UGX.6 trillion in December 2018 to UGX 23.2 trillion in December 2019. Shillings deposits stood at 14.2 trillion (62.8%) while FX deposits were recorded at 8.7 trillion (37.2%).
Growth in total number of accounts recorded at 15,423,426 as at December 2019 compared to 12,172,484 as at December 2018 representing a growth of 21%.Growth of access channels, specifically agent banking points across the country increased to 12,154 by end of December 2019. In the previous years, the industry operated less than […]