Annual Report for the Year Ending December 31, 2015. Download the Annual report here in PDF format.
Below are the highlights of the financial statements:
- Total assets grew by 21% as a result of growth majorly in short term investments (25%), loans and advances to customers (19%) and other assets (52%).
- Total Equity increased by 63% to UGX 11.6 billion in 2015 up from UGX 7.1 billion in 2014 as attributed to growth in retained earnings by -32% and share capital injection by 52% during the year 2015.
- Core Capital/RWA increased by 29.20% in 2015 up from 18.92% in 2014 and total capital/RWA increased by 32.51% in 2015 up from 22.98% in 2014 resulting from the growth in equity.
- Share capital and premium raised to UGX 1.4billion and 7.3billion respectively