Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has posted a 12.3% decline in net profit for the six months ending June 30, 2024, with profits falling to Shs 59.8 billion. This drop in profitability comes despite an increase in revenues, which was offset by a sharp rise in interest …
Read More »Bank of Baroda to raise capital worth Shs 125bn
Some lenders have either voluntarily exited the market or offered themselves for acquisitions to meet the new capital requirements Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has got the nod from the Capital Markets Authority to go ahead with the bonus issue to raise capital to meet the new …
Read More »Bank of Baroda MD resigns
Kampala, Uganda | THEINDEPENDENT | On March 16, the Board of Directors of Bank of Baroda (Uganda) Limited informed its shareholders and the general public that Raj Kumar Meena had resigned as the Managing Director of the Company effective 15th March 2023. Raj Kumar Meena was appointed as Bank of Baroda Managing …
Read More »Commercial banks resume payment of dividends
Kampala, Uganda | THE INDEPENDENT | Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to their shareholders, starting July 24th and August 4th, …
Read More »Bank of Baroda records surprise annual profit
It shrugged off the effects of COVID-19 to nearly double net profit to Shs83bn Kampala, Uganda | JULIUS BUSINGE | Bank of Baroda Uganda has reported a sharp growth in annual profits, as earnings from loans, foreign exchange and market securities helped to offset the hit from the low interest …
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