Overview:
The bank was recognised for its innovative leadership and use of technology to enhance especially financial inclusion.
Catholic Church-founded Centenary Bank has been named Uganda’s Best Retail Bank 2022 in the just-announced Global Banking and Finance Awards.
The bank was recognised for its innovative leadership and use of technology to enhance especially financial inclusion.
The Global Banking and Finance Awards, which are run by the UK-based Global Banking & Finance Review, recognise and celebrate financial institutions that are innovatively embracing the changes in the financial world to fuel their own and their customers’ growth.
The award is a boost to Centenary Bank, which is the second largest in the country in terms of deposits, lending, assets and profitability. It is also the Number one bank in mobile and agent banking.
The bank’s Managing Director, Fabian Kasi, welcomed the award, saying it is a recognition of their work as they focus on becoming an efficient and SMART bank by 2026, with a series of technology-led products and solutions.
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.
According to financial results for 2022, Centenary Bank deposits stand Shs3.181 trillion, lending stands at Shs2.277 trillion, total income reaching Shs864 billion and net profit crossing the Shs200 billion mark reaching a record Shs 211.5 billion.