• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Centenary Bank named Uganda’s Best Retail Bank in the 2022 Global Banking and Finance Awards

Watchdog Uganda by Watchdog Uganda
3 years ago
in Business, Finance
3 1
ShareTweetSendShare

Centenary Bank, Uganda’s second-largest bank, by deposits, lending, assets and profitability, has been named Uganda’s Best Retail Bank 2022 in the just-announced Global Banking and Finance Awards.

Ran by the UK-based Global Banking & Finance Review, one of the leading banking and finance industry online and print magazines, the Global Banking and Finance Awards recognise and celebrate financial institutions that are innovatively embracing the changes in the financial world to fuel their own and their customers’ growth.

The bank was recognised for its innovative leadership and use of technology to enhance especially financial inclusion. The Bank, which is the second largest by deposits, lending, assets and profitability is as well the No.1 bank in mobile and agent banking.

Started in 1983 as a credit trust of the Uganda National Lay Apostolate, transforming into a full-service commercial bank in 1993, the bank has, thanks to its innovative approaches and deliberate financial inclusion efforts, had by 2010, grown to become the 5th largest bank, overtaking several other older banks in the process.

In the 12 years from 2010, under the leadership of Fabian Kasi, the bank continued to embrace digital banking-led innovations and by 2018 had overtaken dfcu Bank, Absa Bank and Standard Chartered Bank to become Uganda’s second largest bank with UGX2.282 trillion in deposits, UGX1.529 trillion in lending and UGX3.170 trillion in assets. Net profit- reached UGX107.6 billion.

Mr. Fabian Kasi

According to results for 2022, the continued to grow with deposits reaching UGX3.181 trillion, lending reaching UGX2.277 trillion, total income reaching UGX864 billion and net profit crossing the UGX200 billion mark reaching a record UGX211.5 billion.

As a result, the balance sheet size grew, to touch a record high of UGX4.8 trillion.

Majority-owned by 19 Uganda Catholic dioceses and the Uganda Episcopal Conference, who, combined own 73.1% shareholding, the bank is the only majority indigenously owned bank in the top 5 banks, which control 60% industry market share.

Towards a smarter, more efficient customer-centric bank

Having made significant market share strides, the bank is now focusing on becoming an efficient and SMART bank by 2026, with a series of technology-led products and solutions, that drive “customer centricity, efficiency, process automation, sustainability, learning and growth” according to the bank’s Managing Director, Fabian Kasi.

“We would like to be a bank that continuously delivers value to our customers and all stakeholders while leveraging on technology, people and good relationships,” Fabian told online magazine, CEO East Africa Magazine, in a recent interview.

Pursuant to the above strategy, the bank, in 2021 opened three new branches in Gayaza, Kabwohe and Kihihi closing the year with 80 branches and 191 ATMs.

The bank has also revamped its CenteMobile, and its mobile banking proposition, adding to it the CenteOnTheGo function, a self-service solution which enables customers to open savings accounts for themselves anywhere through a less tedious process with minimum requirements.

According to Fabian, Centenary Bank is the leading bank in mobile banking with at least 41.6% of industry connections and at least 25% of all transactions.
CenteMobile is also supported by a robust nationwide agency banking platform with over 5,500 agents around the country. The bank is also a leader in agency banking with 42.3% of industry agencies and controlling a third of all industry agent banking transactions.

Centenary Bank has previously won many other industry and peer accolades such as Best Banking Innovation Excellence for the CenteOntheGo Service; Best Community / MFI Banking Innovation Excellence and Silver Award as the Digital Brand of the Year in the Digital Impact Awards Africa. Brand Africa recently recognized the bank with two awards, namely: The Most Admired Ugandan Financial Services Brand and One of the Most Helpful Brands during the Covid-19 pandemic.

During the Financial Reporting Awards 2021, the bank emerged Winner, Banking Services and scooped a Bronze Award for Excellence in Integrated Reporting as well. The bank also got a Certificate of recognition for outstanding achievement in Sustainability Reporting and a Certificate of recognition for outstanding achievement in Corporate Governance Reporting.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share1Tweet1SendShare

Related Posts

Pearl Tower Business Park owned by Uganda's richest man Sudhir Ruparelia is now complete.
Business

A Tour of Pearl Business Park: Kampala’s Pinnacle of Progress and Prestige

16th July 2025 at 01:43
Business

Rotary New Year Launch Kicks Off with Grandeur at Speke Resort Munyonyo

16th July 2025 at 01:30
Maama Janet and President Museveni visited Mrs. Fausta Nalweyiso on Monday in Kibumbiro, Busega. The President praised her dedication to the Parish Development Model through her piggery project which he found very impressive.
Agriculture

MIKE SSEGAWA: Museveni’s PDM Tour; A Journey of Connection and Transformation

14th July 2025 at 22:49
Next Post
Presidency Minister Milly Babalanda

BABIRYE MILLY BABALANDA: How to overcome the “cheap milk” syndrome

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1146 shares
    Share 458 Tweet 287
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    60 shares
    Share 24 Tweet 15
  • Who is Bosco Muwonge, Uganda’s elusive real estate billionaire?

    44 shares
    Share 18 Tweet 11
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2294 shares
    Share 918 Tweet 574
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    129 shares
    Share 52 Tweet 32
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Hon. David Bahati

Minister Bahati: We are consulting widely after NRM primary vote

19th July 2025 at 13:55
Mashable is a global, multi-platform media and entertainment company For more queries and news contact us on this Email: info@mashablepartners.com

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is the undisputed king of Kampala

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0
Hon. David Bahati

Minister Bahati: We are consulting widely after NRM primary vote

19th July 2025 at 13:55

President Museveni pledges Shs1 billion per ghetto structure in Kampala 

19th July 2025 at 12:44

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda