Johnson Agoreyo ,the Managing Director for United Bank for Africa(UBA) has said it is high time the bank made itself known to the public unlike before when a few knew them.
Speaking at an engagement with journalists in Kampala on Friday, Agoreyo said despite being around for the last 10 years,
UBA has not been as much visible as it should have been but said they are set to roll out various programs that would make the public aware of their presence.
“We now have to reintroduce the bank and have a story to tell the public of who we are and what we are capable of doing,” he said.
According to the Managing Director, despite having only 11 branches across the country, UBA is now looking at being the leader in digital banking because it is the future of banking.
He said that the bank has worked closely with government through the Ministry of Finance by providing a fuel management program through fuel cards, an initiative he said has saved a lot of money for government.
“We issue preloaded fuel cards used by government vehicles. The objective is to curb corruption tendencies and it is about accountability and transparency,”Agoreyo said.
He said the bank has not been so much involved in funding infrastructural projects in the country but said with the oil coming, they would tap into it.
“It is time to reclaim our position in the Ugandan banking sector.”
UBA started operations in Uganda in 2008 but had never broken even not until 2016 when it made its first profits and according to their Managing Director, the profits increased last year.