Centenary Bank celebrates 40 years of financial excellence

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Centenary Bank celebrates 40 years of financial excellence
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In a glittering celebration at the Sheraton Hotel in Kampala, Centenary Bank marked its 40th anniversary, reflecting on four decades of transforming lives and providing financial stability to Ugandans.

The Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, took the occasion to task Centenary Bank with spearheading environmental conservation and championing financial inclusion for the youth over the next 10 years.

"Centenary Bank has been a pillar of financial stability, supporting Small and Medium-Sized Enterprises for the last four decades. Now, I call on them to lead the charge in environmental conservation and ensure financial inclusion for our youth in the coming decade," emphasized Deputy Governor Michael Atingi-Ego.

The Managing Director of Centenary Bank, Fabian Kasi, expressed pride in the bank's achievements, citing a net profit of 257.8 billion shillings in 2022 from its substantial asset base of 6 trillion shillings.

Kasi attributed this success to the widespread reach of Centenary Bank, with 206 ATMs and 1 million mobile customers across the country.

"We have built financial tentacles that touch the lives of Ugandans far and wide. This has been a journey of growth and impact," remarked Fabian Kasi.

Amidst challenging economic times, Deputy Governor Atingi-Ego commended Centenary Bank for its steadfast support of small and medium-sized enterprises.

He acknowledged the bank's role in providing stability during tough economic conditions.

"The support for small and medium-sized enterprises is crucial, especially in the face of current economic challenges. Centenary Bank has been instrumental in navigating these tough times," said Deputy Governor Atingi-Ego.

Bishop Anthony Zziwa, Chairman of the Episcopal Conference, emphasized the need for moral discipline within the bank and urged support for farmers by refinancing loans impacted by poor harvests.

"The bank must not only be a financial entity but also a moral compass. Supporting farmers through challenging times is vital for the overall well-being of our communities," stated Bishop Anthony Zziwa.

The celebration recognized and awarded committed customers who have supported Centenary Bank for close to two decades.

The event reached its pinnacle with the launch of a book titled "THE JOURNEY, THE BEGINNING, TRIALS AND TRIUMPHS OF CENTENARY BANK," encapsulating the remarkable journey of the bank over the past 40 years.

Centenary Bank now stands at the forefront of a new decade, with a dual mission of environmental stewardship and empowering the youth through financial inclusion—a testament to its enduring commitment to the people of Uganda.

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