Absa Managing Director David Wandera
Absa Uganda has reported a net profit of Shs222 billion for the financial year 2025, marking a 25.1 percent increase from Shs178 billion recorded the previous year, driven by strong growth in lending and customer deposits.
The results, released on Wednesday at Sheraton Kampala Hotel, highlight a year of disciplined execution and strategic focus for the bank.
Speaking during the presentation, Managing Director David Wandera said the performance reflects deliberate efforts to strengthen the bank’s operations and position it for long-term growth.
“These results set the stage for our next phase of growth. They reflect a business that is building trust, strengthening its capacity to lend, facilitating the ease of doing business, and operating with discipline,” Wandera said.
The bank’s total revenue grew by 16.6 percent to Shs637 billion, up from Shs546 billion in 2024, while total assets expanded by 29.4 percent. Customer deposits rose significantly to Shs4.6 trillion, signalling growing confidence among clients.
Wandera attributed the strong performance to the bank’s refreshed strategy built on four key pillars, alongside targeted investments in customer-focused areas.
“The growth in deposits reflects customers choosing Absa as their bank of choice. We have also been intentional about where and how we lend, ensuring support to sectors that drive economic growth,” he noted.
According to the bank, more than 40 percent of its loan book is allocated to trade, manufacturing, and agriculture—key sectors underpinning Uganda’s productive economy through enterprise development, job creation, and value addition.
At the same time, nearly 28 percent of lending is directed to individuals and households, supporting financial inclusion and everyday economic participation.
The lender says this balanced approach positions it to play a stronger role in supporting Uganda’s economic growth while maintaining financial stability.
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