UDB’s net profit increased by 17%, reaching Shs50 billion in 2023.
The national development finance institution of Uganda, Uganda Development Bank Ltd. (UDB), which was named the Best Bank in East Africa 2024, has released its 2023 annual performance report, emphasizing its ongoing contribution to the promotion of sustainable growth and resilience in several important economic sectors. The Bank’s post-tax (net) profit in 2023 was UGX…