ABC Capital Bank profits rise as turnaround gains momentum

KAMPALA, Uganda – April 28, 2026 – ABC Capital Bank Limited has reported a sharp increase in profitability for 2025, marking a continued recovery driven by digital transformation, product diversification, and strengthened corporate governance.

The Bank recorded a 285% increase in profit after tax, rising to UGX 520.4 million in 2025, compared to UGX 135.1 million in 2024. The performance signals a strong rebound from a UGX 515 million loss in 2023, reflecting a sustained turnaround trajectory.

Profit before tax rose to UGX 702.8 million, up from UGX 404.5 million, supported by improved operational efficiency and stronger earnings momentum across core business lines.

Net operating income increased to UGX 7.59 billion, driven by growth in interest income and stable non-interest income streams, underscoring a more diversified and resilient revenue base.

Total assets grew modestly to UGX 60.8 billion, from UGX 59.2 billion in 2024, while total equity strengthened to UGX 32.4 billion, reinforcing the Bank’s capital position and financial stability.

ABC Capital Bank Executive Director Christopher Kabagambe said the results reflect disciplined execution of the Bank’s long-term turnaround strategy.

“This performance demonstrates the strength of our recovery path and the deliberate choices we have made to reposition the Bank for sustainable growth. We are seeing the impact of focused execution, stronger governance, and a clear commitment to innovation,” he said.

He added that investments in digital transformation and product development are beginning to deliver measurable value.

“Our focus on digital transformation and product diversification is improving efficiency while expanding access to financial services. We remain committed to building a resilient, future-ready institution,” Kabagambe said.

He further noted improved cost discipline and balance sheet optimisation as key drivers of performance.

“Beyond profitability, what stands out is the quality of earnings and the strengthening of our financial position. We continue to prioritise prudent risk management and efficient capital allocation,” he added.

The bank registered several key institutional achievements in 2025, reinforcing its transformation agenda.

1. Tier II licensing transition
   Effective 1 July 2024, ABC Capital Bank transitioned to a Tier II (Class 5) banking licence issued by the Bank of Uganda, strengthening its regulatory standing and operational scope.
2. Relocation to modern premises
   The Bank moved to new, purpose-designed premises during the year, aimed at enhancing customer experience and reinforcing its corporate identity.
3. Digital lending expansion
   As part of its digital strategy, the Bank launched a mobile lending platform to broaden credit access for individuals and businesses, while improving speed and efficiency of service delivery.
4. Agricultural Credit Facility (ACF)
   The Bank introduced the Agricultural Credit Facility to support Uganda’s agricultural sector, deepen financial inclusion, and align with national development priorities under the ATMS framework (Agro-industrialisation, Tourism, Mineral Development including Oil and Gas, and Science, Technology and Innovation).

Financial performance highlights (2025 vs 2024)

Profit After Tax: 520,399 (2025) vs 135,119 (2024)
Profit Before Tax: 702,785 vs 404,508
Net Operating Income: 7,587,096 vs 7,288,016
Total Interest Income: 7,285,381 vs 6,569,794
Fees & Commission Income: 591,861 vs 540,437
Total Assets: 60,821,644 vs 59,221,060
Total Equity: 32,355,070 vs 31,834,671
Loans & Advances (Net): 21,198,230 vs 20,664,835

Looking ahead, ABC Capital Bank says it will continue prioritising digital innovation, product expansion, and targeted sector financing to strengthen its market position.

The Bank reaffirmed its commitment to sustaining its recovery trajectory while delivering long-term value to customers, shareholders, and stakeholders.