KAMPALA, Uganda – ABC Capital Bank Limited has reported a significant rebound in profitability, signaling renewed momentum in its turnaround strategy driven by sustained investment in digital transformation, product diversification, and strengthened corporate governance.
The Bank posted a 285 percent increase in profit after tax to UGX 520 million in 2025, up from UGX 135 million in 2024. This marks a sharp recovery from 2023, when the institution recorded a loss of UGX 515 million during a period of financial volatility.
Profit before tax rose to UGX 702.8 million from UGX 404.5 million the previous year, reflecting improved operational efficiency and stronger earnings performance. Net operating income also grew to UGX 7.59 billion, supported by higher interest income alongside stable non-interest revenue streams, pointing to a more balanced and resilient income structure.
Total assets increased modestly to UGX 60.8 billion from UGX 59.2 billion in 2024, while total equity strengthened to UGX 32.4 billion, reinforcing the Bank’s capital base and overall financial stability.
Chief Executive Officer Jesse Timbwa said the results underscore the effectiveness of the Bank’s recovery strategy and disciplined execution. He noted that the institution is beginning to realize the benefits of deliberate investments in innovation, governance, and operational focus.
“This performance demonstrates the strength of our recovery path and the deliberate choices we have made to reposition the Bank for sustainable growth,” Timbwa said. “We are seeing the impact of focused execution, stronger governance, and a clear commitment to innovation.”
He added that ongoing investments in digital transformation and product diversification are improving efficiency while expanding access to financial services, positioning the Bank for long-term resilience.
Executive Director Christopher Kabagambe emphasized that beyond headline profitability, the quality of earnings and strengthened financial position are key highlights of the year’s performance. He said the Bank has maintained a disciplined approach to cost management, capital allocation, and risk oversight to support sustainable value creation.
During the year, ABC Capital Bank advanced several strategic initiatives aimed at reinforcing its market position. The Bank relocated to new, modern premises to enhance customer experience and strengthen its corporate identity. It also launched a mobile lending platform as part of its digital transformation agenda, expanding access to credit for both individual and business customers while broadening its product offering.
In addition, the Bank introduced the Agricultural Credit Facility (ACF), targeting support for Uganda’s agricultural sector and promoting financial inclusion in alignment with national economic development priorities. Governance structures were further strengthened through the appointment of additional independent non-executive directors, enhancing oversight and risk management capacity.
The Bank maintained capital adequacy levels well above regulatory requirements, reflecting prudent risk management and a solid financial foundation.
Looking ahead, ABC Capital Bank says it will continue to prioritize digital innovation, product expansion, and financing of key sectors of the economy. Management remains confident that the institution is firmly on a recovery path and positioned to deliver sustained long-term value to customers, shareholders, and other stakeholders.
The year 2025 also marked several pivotal institutional milestones that underpin the Bank’s next phase of growth. The transition to Tier II status, following the acquisition of a Class 5 banking license from the Bank of Uganda effective July 1, 2024, represents a significant step in its evolution.
The move to new purpose-fitted premises reflects both an enhanced corporate image and a forward-looking strategy, while the rollout of mobile lending and the introduction of the Agricultural Credit Facility highlight a deepening focus on innovation, financial inclusion, and alignment with Uganda’s broader development agenda under the ATMS framework.
