Absa Uganda has reported impressive financial results for the year 2024, with revenue rising by 15.1% to UGX 546 billion and profit after tax climbing by 22% to UGX 178 billion.”

The results were released on Tuesday, April 15, 2025, by the Interim Managing Director David A. Wandera, who credited the bank’s success to its unwavering focus on relevance, resilience, and customer-centric solutions.

’Our 2024 performance underscores our dedication to empowering Uganda’s growth through innovative, customer-focused solutions,” Wandera stated.

He also emphasized the bank’s mission beyond profits, noting, “We are inspired not just by the numbers, but by the impact we have made on our clients and communities. We listen, adapt, and invest in Uganda’s growth.”

As part of its commitment to Environmental, Social, and Governance (ESG) principles, Absa Uganda showcased a series of notable achievements in 2024.  Wandera  revealed that the bank allocated UGX 38 billion to green financing, planted 372,643 trees, and empowered over 44,000 Ugandans with financial literacy training.

“This is more than performance; this is purpose in action,” he emphasized.

The bank also advanced education and inclusion, notably through the Absa KH3 7 Hills Run, which supported over 7,700 girls in staying in school.

”Behind every transaction is a human story worth supporting, and that is what drives us,” Wandera noted.

“We are fueling Uganda’s growth story, sector by sector. Let us make 2025 another year where purpose and performance unite,” he added.

Newly appointed Board Chairman Keith Kalyegira expressed confidence in the bank’s future despite global economic uncertainties.

“Despite the uncertain global outlook, we remain confident in Absa Uganda’s ability to adapt, seize opportunities, and continue being a force for good,” he said.

Kalyegira also expressed gratitude and ambition as he addressed stakeholders for the first time in his new role.

“It is an honor to speak to you as the new board chairman at a time when Absa Uganda is not just performing but thriving,” he remarked.

With continued growth in key areas such as digital payments and inclusive lending, Absa Uganda remains focused on sectors like trade, agriculture, and manufacturing.

Through strategic focus on customer-centric solutions, ESG initiatives, and fostering sectoral development, Absa Uganda is proving that success goes beyond the balance sheet; it is about creating meaningful change.