Pride Bank has reported significant growth in its 2025 financial performance, with total assets increasing by 28% to Shs574 billion, following its transition to a Tier II Credit Institution under the supervision of the Bank of Uganda.
The financial institution presented its 2025 Annual Report to the Minister of Finance, Planning and Economic Development, highlighting a year of improved performance, stronger customer confidence and increased support to Uganda’s productive sectors.
According to the report, Pride Bank recorded a 41% increase in profit after tax, rising to Shs11.6 billion, compared to the previous year.
The Bank’s customer deposits grew by 58% to Shs282 billion, while its loan portfolio expanded by 15% to Shs268 billion, reflecting increased demand for financing from individuals, businesses and productive sectors of the economy.
The results come after Pride Bank successfully completed its transition into a Tier II Credit Institution, a milestone that expanded its capacity to serve customers while operating under enhanced regulatory oversight.
Pride Bank said the growth was driven by disciplined execution, prudent lending practices and continued confidence from customers across Uganda.
Despite expanding its operations, the bank maintained control over costs, with operating expenses increasing by only 6% during the year despite continued investments in technology, staff development and infrastructure.
The institution also reported improved asset quality, recording a major turnaround from a Shs7.5 billion impairment charge in 2024 to a net credit position in 2025, reflecting stronger recoveries and improved risk management.
Pride Bank maintained strong capital levels during the year, with core capital adequacy at 49.7% and total capital adequacy at 50.4%, both significantly above regulatory requirements.
The Bank said the strong capital position provides a foundation for continued expansion and increased financing of Uganda’s growing economy.
Speaking during the presentation, Finance Minister Henry Musasizi said Pride Bank’s focus on agriculture financing, small and medium enterprises and other productive sectors aligns with government’s broader agenda of increasing financial inclusion and supporting economic transformation.
Pride Bank Managing Director Veronicah Namagembe said the 2025 performance reflects growing customer confidence and the commitment of the institution’s employees.
She said the bank remains focused on responsible growth, innovation and providing financial solutions that create value for customers and contribute to Uganda’s development.
Looking ahead, Pride Bank plans to deepen lending to agriculture, trade and SMEs while accelerating its digital transformation strategy as it seeks to expand access to financial services across the country.
