UGANDA’S economic weather tends towards extremes. During the Financial Year 2018, five (5) banks were loss making. Bank profits were slumped due to the effect of the adoption of Financial International Reporting Standards Nine (IFRS 9). The year has been described as a ‘difficult year’. Amidst the heated banking landscape, Summit Consulting Ltd’s Business Intelligence Unit has dug deep to provide a comprehensive banking report 2019.
Figure 1: Sustainability heat map
Figure 2: Total revenue per FI
Figure 3: Analysis of the most sustainable bank
Figure 4: Analysis of the most sound FI
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